According to Techub News, Animoca Ventures, the venture capital arm of Animoca Brands, has initiated a proposal in ApeCoin DAO, proposing to co-found a joint venture fund ApeCoin Ventures with ApeCoin. The ApeCoin Ventures fund is worth $10 million, of which ApeCoin DAO needs to allocate $5 million worth of APE (which Animoca Ventures will sell for fiat currency after receiving), and Animoca Ventures will invest $5 million. The fund will invest in Web3 projects in the seed and A rounds, and give priority to projects that can integrate ApeCoin into their ecosystems. The proposal is currently open for voting, with a current support rate of 83.49%, and voting will end on August 1.