Apecoin DAO community members have approved a governance proposal that will fund a Bored Ape Yacht Club (BAYC) focused news publication called the Bored Ape Gazette with $ 150,000 for the first year. While the Bored Ape Gazette has been operational since June 1, 2021, the site operator promises to “keep the community better informed” with plans to “increase” Bored Ape news coverage.
Apecoin DAO will fund a news site focusing on bored monkeys for 12 months
Apecoin DAO members hired their own newspaper for the next 12 months under the AIP-70 governance proposal. According to the proposal, news site operator The Bored Ape Gazette says the publication has “grown exponentially over the past year”.
The publication operator insists that he is “committed to building a reliable source of information for this community and would like to expand operations in ongoing research, analysis and reporting across the ecosystem.”
The sole writer and editor of The Bored Ape Gazette estimates that it will cost $ 150,000 for the next 12 months of operation and that the funds will go towards “coverage of all things about monkeys will increase from 1-2 stories a day to 3-5. “. The Bored Ape Gazette will focus on keeping the Apecoin DAO community “better informed” as the owner intends to produce “bi-weekly newsletters and in-depth reports”.
STAKING UPDATE »After @apecoin The Foundation announced it @HorizenLabs Would build the staking system, The Gazette interviewed the co-founder of Horizen Labs @Crypto_Counsel Learn more
The full story here: https://t.co/jEQpaNFbmy
– The Bored Ape Gazette🍌 (@BoredApeGazette) July 29, 2022
The Bored Ape Gazette plans to do interviews with AIP authors and interviews with community members discussing specific governance proposals. Apecoin DAO’s community and governance system uses the apecoin (APE) of cryptocurrencies. The digital currency is currently the 34th largest cryptocurrency by market capitalization, and APE’s overall market valuation today is just over $ 2 billion.
Over the past 30 days, the APE gained 44% against the US dollar, but fell 74% from the cryptocurrency’s all-time high of $ 26.70. Coverage of The Bored Ape Gazette delves into a large amount of news focused on BAYC in general discussing topics related to all things ape.
News coverage includes categories such as “Famous Monkeys”, “Club News”, “Roadmap 2.0” and “Notable Sales”. In addition to BAYC, the publication also covers topics such as Mutant Ape Yacht Club (MAYC) NFT, Meetbits, Yuga Labs, Bored Ape Kennel Club (BAKC), and NFT Markets.
Similarweb statistics show that The Bored Ape Gazette has a global ranking of 865,175 websites and has seen 52.4K visits. Site visits were down 45.68% from the previous month, with Taiwan and the United States being the regions with the highest news site traffic.
“In the coming year, we believe The Bored Ape Gazette will become the go-to news source for every member of this community,” says AIP of The Bored Ape Gazette. “With the support of the DAO, the Bored Ape Gazette website will become a 24/7 style news site.”
Also, the official Twitter account of Apecoin DAO explained this week the AIP of The Bored Ape Gazette passed by and thanked everyone for participating in the governance process.
What do you think of the Apecoin DAO approving the annual funding of the Bored Ape Gazette? Let us know what you think about this topic in the comments section below.
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