ApeCoin DAO dissolution proposal voting initiated: Yuga Labs will establish a new entity ApeCo to take over the ecosystem.

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On June 14, Garga.eth, co-founder of Yuga Labs, posted on social media that the proposal AIP -596 to dissolve the ApeCoin DAO and initiate ApeCo has officially started voting, aimed at further promoting reforms to the ApeCoin ecosystem and orderly transferring assets and responsibilities to the new entity ApeCo established by Yuga Labs. The voting will close on June 26.

It is reported that the ApeCo team will be led by the current Executive Director of the Ape Foundation, Cameron Kates, and will also include other members from the Ape Foundation and the Banana Bill team.

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