<ul><li>Yuga Labs is proposing to replace ApeCoin DAO with a new entity named ApeCo to address governance concerns and allocate resources more effectively.</li><li>The ApeCoin DAO has been criticized for being slow, inefficient, and influenced by conflicting interests, leading to the proposal for the creation of ApeCo.</li><li>Yuga Labs CEO Greg Solano expressed dissatisfaction with the current DAO structure and aims to provide developers with clear governance outlines and targeted funding through ApeCo.</li><li>The proposal involves focusing resources on key areas such as ApeChain, Bored Ape Yacht Club, and Otherside, while discontinuing activities in the existing DAO and nullifying previous improvement proposals.</li></ul>

Yuga Labs Wants to Replace ApeCoin DAO With New Entity “ApeCo” After Governance Collapse

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