{"id":159232,"date":"2025-06-07T15:00:37","date_gmt":"2025-06-07T12:00:37","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=159232"},"modified":"2025-06-06T16:53:36","modified_gmt":"2025-06-06T13:53:36","slug":"yuga-labs-moves-to-dismantle-apecoin-dao-in-favor-of-centralized-structure","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/yuga-labs-moves-to-dismantle-apecoin-dao-in-favor-of-centralized-structure\/","title":{"rendered":"Yuga Labs Moves to Dismantle ApeCoin DAO in Favor of Centralized Structure"},"content":{"rendered":"

The initiative<\/a><\/strong>, led by Yuga CEO Greg Solano, aims to eliminate what he sees as inefficiencies and lack of progress under the current decentralized governance model.<\/p>\n

Solano argues that while the DAO played a valuable role in ApeCoin\u2019s early days, it has since become bogged down by \u201cgovernance theater\u201d and wasteful initiatives. In his view, too much time and money have been spent on proposals that deliver little value to the broader ecosystem. \u201cIt\u2019s time to sunset the DAO,\u201d he posted on X, calling for a faster, more accountable structure to drive development.<\/p>\n

Under the proposal, all governance rights held by tokenholders would be revoked. Existing AIPs (Ape Improvement Proposals), working groups, and DAO elections would be dissolved. Assets controlled by the DAO\u2014including smart contracts, infrastructure, and intellectual property\u2014would be transferred to the newly formed ApeCo.<\/p>\n

ApeCo, as envisioned, would be created and run directly by Yuga Labs. It would prioritize funding for high-impact initiatives, particularly those tied to Yuga\u2019s core projects like ApeChain, Bored Ape Yacht Club (BAYC), and the Otherside metaverse. The emphasis would shift toward efficiency, strategic alignment, and professional execution.<\/p>\n