ApeCoin DAO was launched in 2022 to manage the ecosystem independently from Yuga Labs

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The "bold experiment" came to life in 2022 at the peak of the Bored Ape frenzy, acting as the decentralized entity responsible for launching ApeCoin (APE) on the Ethereum blockchain—not Yuga Labs itself. The ApeCoin DAO was treated as an independent entity, despite being closely aligned with Yuga and the Bored Ape ecosystem.
Founded in 2022, the ApeCoin DAO launched ApeCoin on the Ethereum blockchain as an independent, decentralized entity that is separate from Yuga Labs, despite being connected to its ecosystem.