On June 14, news broke that Yuga Labs co-founder Garga.eth announced via social media that the voting process for the proposal AIP-596 to dissolve the ApeCoin DAO and create a new entity called ApeCo has begun. The proposal aims to comprehensively reform the ApeCoin ecosystem and orderly transfer existing assets and liabilities to the newly established ApeCo entity by Yuga Labs. Voting will continue until it ends on June 26.



According to reports, the future ApeCo organization will be led by the current Executive Director of the Ape Foundation, Cameron Kates, and team members will also include other core personnel from the Ape Foundation and the Banana Bill team. This reform initiative is seen as a significant turning point in the development of the ApeCoin ecosystem.
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