Animoca Ventures' proposal to co-found ApeCoin Ventures, a joint venture fund with ApeCoin, was approved with 84.27% approval rate

According to TechFlow, on August 1, according to the Snapshot page, the proposal initiated by Animoca Ventures to co-found a joint venture fund ApeCoin Ventures with ApeCoin was passed with an approval rate of 84.27%.

Earlier news, Animoca Brands' venture capital department Animoca Ventures initiated a proposal in ApeCoin DAO, intending to co-found a joint venture fund ApeCoin Ventures with ApeCoin to invest in Web3 projects in the seed and A rounds. The fund size is US$10 million, of which ApeCoin DAO needs to allocate US$5 million worth of APE (Animoca Ventures intends to sell it for legal currency), and Animoca Ventures will invest US$5 million. The proposal is currently open for voting, with a support rate of 83.49%, and voting will end on August 1.