According to TechFlow, Snapshot information shows that Animoca Brands' venture capital arm Animoca Ventures has initiated a proposal in ApeCoin DAO, intending to co-establish a joint venture fund ApeCoin Ventures with ApeCoin to invest in seed and A round Web3 projects, and give priority to projects that integrate ApeCoin into its ecosystem to enhance the value and influence of ApeCoin.
The fund is worth $10 million, of which ApeCoin DAO needs to allocate $5 million worth of APE (which Animoca Ventures intends to sell for fiat currency), and Animoca Ventures will contribute $5 million. The proposal is currently open for voting, with a support rate of 83.49%, and voting will end on August 1.
