The ApeCoin community is currently voting on a proposal to construct an APE-themed hotel in Bangkok, Thailand. This initiative is part of the broader efforts within the Bored Ape Yacht Club (BAYC) community to expand the APE ecosystem. The ApeCoin DAO is seeking 410,000 APE tokens, valued at $3.6 million, to fund the construction of the APE-themed hotel. The project aims to boost the BAYC IP exposure, enhance ApeCoin's visibility and utility, and generate revenue for the ApeCoin DAO. Despite some skepticism within the crypto community, the proposal has garnered significant support, with around 5 million APE tokens cast as votes, predominantly in favor of the initiative. Additionally, recent developments include the launch of the ApeChain testnet and the approval to register '.APE' as a new top-level domain with ICANN. Read more AI-generated news on: https://app.chaingpt.org/news