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In a recent significant move, Animoca Brands’ subsidiary, Forj Official, has proudly announced the official launch of the APE Accelerator. This ambitious project is set to be a game-changer as it’s being driven by the power of community and innovation.
Blockchain Projects Are Set To Be Introduced To ApeCoin Community
Forj, a prominent Web3 technology project and a subsidiary of the illustrious Animoca Brands, has made an announcement. Today, they’ve officially unveiled the APE Accelerator—a dynamic, community-driven initiative that has been generously funded by the ApeCoin DAO. The mission is to empower and elevate projects that not only contribute to the ApeCoin ecosystem but also enhance the utility of ApeCoin itself (APE).
With the launch of the $APE Accelerator, aspiring Web3 entrepreneurs now have the chance to connect with the ApeCoin community, which boasts over 200,000 members. This presents a unique opportunity to introduce their innovative business ideas to an engaged audience.
By lending its support to the $APE Accelerator, Forj, and the ApeCoin DAO underscore their commitment to advancing the Web3 revolution. Successful projects will not only receive monetary assistance but will also gain access to valuable insights and experiences from the vibrant Web3 community.
APE Accelerator came into existence following the successful approval of AIP-209, a proposal initiated within the ApeCoin DAO’s Idea Proposal (AIP) system. Its ultimate goal is to fortify the ApeCoin ecosystem by providing support and funding to projects that contribute value and utility to the ApeCoin token.
Community Involvement through APE Tokens
APE token holders are invited to actively engage with approved projects through the APE Launchpad. This engagement encompasses purchasing NFTs and other tokens, as well as participating in the decision-making process by voting on proposals for project acceptance.
Harry Liu, CEO of Forj, said, “Today marks the beginning of a step change in innovation for the ApeCoin community. $APE Accelerator welcomes Web3 founders to apply now and join us in our mission to take the ApeCoin ecosystem to new heights.”
The Ape Accelerator will operate on a dual-track approach, as outlined by the Forj team, comprising both an accelerator and a launchpad. The accelerator component adheres to conventional startup acceleration models, encompassing tasks such as tokenomics planning and devising go-to-market strategies, among various other ways to provide crucial assistance to founders.
Concurrently, the launchpad offers an enticing prospect to ApeCoin holders, granting them the opportunity to support projects that originate from the aforementioned accelerator. Moreover, it extends a channel for projects to secure funding through the sale of digital assets to pre-approved ApeCoin holders who have undergone KYC procedures via this newly established launchpad. The specific capital allocation for each project will vary, depending upon individual project circumstances, ranging from $250,000 to $1 million.
Yat Siu, the co-founder and executive chairman of Animoca Brands, said, “Community-driven initiatives such as $APE Accelerator capture the very ethos of Web3 entrepreneurship, and put ApeCoin holders in the driving seat of innovation for the ecosystem they’re a part of. $APE Accelerator provides us with a roadmap for the future of online ecosystem growth, and we eagerly await the exciting new projects that will emerge from this program.”