FORJ Receives ApeCoin DAO Approval To Build the First Bored Ape Yacht Club Ecosystem Accelerator | Blockster

Ape Accelerator will incubate and launch new projects that strengthen the Bored Ape Yacht Club and ApeCoin ecosystems.

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LONDON, UNITED KINGDOM, MAY 18 - Forj, an Animoca Brands subsidiary and a Web3 technology leader, has been granted approval from the ApeCoin DAO to launch Ape Accelerator, an incubation platform for the Bored Ape Yacht Club (BAYC) community.

This new initiative, which was submitted and approved via ApeCoin DAO’s Idea Proposal system (see AIP-209), will incubate and launch projects that strengthen the BAYC and ApeCoin ecosystems, and will be powered by ApeCoin tokens (APE).
A grant of APE tokens was approved by the ApeCoin DAO community for the purpose of building and launching Ape Accelerator.
Ape Accelerator aims to engage the ApeCoin community as Initiators, Voters, and Participants. Initiators can submit proposals for projects to be incubated, while Voters can use their APE tokens to vote on whether the proposed projects should be launched. Participants will be able to support approved projects by purchasing NFTs and other tokens.

The launchpad within Ape Accelerator will initially operate on the Ethereum network and feature a tiered structure for participation, based on users' APE stakes and qualifying NFT holdings. User tiers will determine benefits such as priority sales, higher purchase limits, and better allocations of rare NFTs. Tier requirements can be defined through an ApeCoin DAO voting process.

More details about Ape Accelerator are available at: https://forum.apecoin.com/t/aip-209-ape-accelerator-powered-by-apecoin/10818

Harry Liu, CEO of Forj, said of the new initiative: "We are thrilled to have the support of the ApeCoin DAO community to bring Ape Accelerator to life."
"Our goal is to create new opportunities for builders and creators within the Bored Ape Yacht Club ecosystem, and with Ape Accelerator we can empower projects that will achieve just that."

Harry Liu, CEO of Forj
Yat Siu, the co-founder and executive chairman of Animoca Brands, said: "Ape Accelerator is an innovative approach to leverage the democratic potential of the BAYC and ApeCoin ecosystem, and to empower creators and showcase the power of community governance in Web3. We’re looking forward to the incredible projects that will emerge from this initiative."

Forj has been a BAYC holder since May 2022 and has consistently sought to empower BAYC intellectual property and foster community growth. In a recent partnership with The Sandbox, Forj built a Bored Ape-themed metaverse experience, Monkeying Around, which attracted 46,000 unique players.

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Ape Accelerator will launch later this year. Projects interested in being incubated on the Ape Accelerator can contact Forj at ApeAccelerator@Forj.Network.