According to Foresight News, a proposal initiated by Machibigbrother in the ApeCoin community, known as AIP-304, will open for voting on September 15 at 9:00 Beijing time. The proposal suggests using 11 million APE to purchase Yuga assets, including NFTs such as BAYC, MAYC, BAKC, and CryptoPunks, for exhibition and donation to art institutions to enhance the global spread of digital art.
If the proposal is approved, a new governance token called DAM will be introduced to select and manage the NFT collection. 30% of DAM will be distributed to ApeCoin stakers over five years, while the remaining 70% will be allocated to the treasury, with decisions made through voting by token holders.
