Apecoin DAO Approves Funding a Bored Ape-Centric News PublicationJamie RedmanBitcoin News

Apecoin DAO Approves Funding a Bored Ape-Centric News PublicationJamie RedmanBitcoin News

Apecoin DAO community members have approved a governance proposal that will fund a Bored Ape Yacht Club (BAYC)-centric news publication called the Bored Ape Gazette with $150,000 for the first year. While the Bored Ape Gazette has been in operation since June 1, 2021, the site’s operator promises to “keep the community better informed” with plans to “ramp up” Bored Ape news coverage.

Apecoin DAO to Fund a Bored Ape-Focused News Site for 12 Months

Members of the Apecoin DAO have hired their own news publication for the next 12 months according to the governance proposal AIP-70. According to the proposal, the operator of the news site The Bored Ape Gazette says the publication has “grown exponentially over the past year.”

The publication’s operator insists that he is “committed to building a trusted source of information for this community and I would like to expand the operations into continuous research, analysis, and reporting across the ecosystem.”

The Bored Ape Gazette’s sole writer and editor figures it will cost $150K for the next 12 months of operation and the funds will go toward “coverage of all things ape will ramp up 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 draft “bi-weekly newsletters and in-depth reports.”

STAKING UPDATE » After The @apecoin Foundation Announced That @HorizenLabs Would Be Building The Staking System, The Gazette Interviewed Horizen Labs Co-Founder @Crypto_Counsel To Find Out 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 debating specific governance proposals. The Apecoin DAO’s community and governance system utilize the crypto asset apecoin (APE). The digital currency is currently the 34th largest crypto by market capitalization and APE’s overall market valuation today is just over $2 billion.

During the last 30 days, APE has gained 44% against the U.S. dollar but it’s down 74% from the crypto asset’s all-time price high of $26.70. The Bored Ape Gazette’s coverage delves into a great deal of BAYC-centric news, in general, that discusses subjects tied to all things ape.

News coverage includes categories like “Famous Apes,” “Club News,” “Roadmap 2.0,” and “Notable Sales.” Besides BAYC, the publication also covers subjects like the Mutant Ape Yacht Club (MAYC) NFTs, Meetbits, Yuga Labs, Bored Ape Kennel Club (BAKC), and NFT marketplaces.

Similarweb statistics show that The Bored Ape Gazette has a global website rank of 865,175 and has seen 52.4K visits. The site’s visits are down 45.68% lower than the month prior with Taiwan and the U.S. being the news site’s top traffic regions.

“Over the next year, we believe that The Bored Ape Gazette will become the go-to news source for every member of this community,” The Bored Ape Gazette’s AIP says. “With the support of the DAO, the Bored Ape Gazette website will become a 24-hour style news site.”

Furthermore, the official Apecoin DAO Twitter account explained this week that The Bored Ape Gazette’s AIP had passed and thanked everyone for participating in the governance process.

What do you think about the Apecoin DAO approving the year-long funding of the Bored Ape Gazette? Let us know what you think about this subject in the comments section below.

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About the Author: Jamie Redman