According to Foresight News, the proposal to establish ApeCoin Ventures, initiated by Animoca Ventures within the ApeCoin DAO community, has been approved. The voting results showed an approval rate of 84.27%. This approval means that ApeCoin DAO will contribute $500,000 worth of APE tokens, while Animoca Ventures will provide $5 million in fiat currency, creating a total investment fund of $10 million through a 1:1 matching arrangement. The fund will focus on investing in early-stage Web3 projects, particularly those in the seed and Series A funding stages. Priority will be given to projects that can integrate APE tokens into their ecosystems.