Yuga Labs proposes dismantling ApeCoin DAO over failed governance, replacing it with new entity ApeCo

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Description

Yuga Labs proposes replacing the struggling ApeCoin DAO with a new entity, ApeCo, to streamline governance and refocus on core projects like ApeChain, Bored Apes, and Otherside.

Authors

Danny Park

Publish date

June 6, 2025

Web URL

https://www.theblock.co/post/357230/yuga-labs-proposes-dismantling-apecoin-dao-over-failed-governance-replacing-it-with-new-entity-apeco

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Yuga Labs aims to replace ApeCoin DAO with ApeCo

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Meanwhile, Yuga Labs recently sold off several popular NFT intellectual properties, including Moonbirds, CryptoPunks and Meebits, suggesting that the company is sharpening its focus on its core offerings.

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The transition aims to eliminate ambiguity in governance and focus resources on building the ecosystem's three core pillars, which are ApeChain, Bored Ape Yacht Club and Otherside. It also plans to empower "real" builders by setting milestone-based grants and tighter accountability.

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