ApeCoin Community Voted To Reject The AIP-222 Proposal

Key Points:

• The ApeCoin community’s vote on the AIP-222 proposal has not been passed.
• The proposal’s opposition rate was 49.33%, and the support rate was 33.88%.

The ApeCoin community voted down the latest proposal to allow content creators to distribute their own media through their own network and share a percentage of advertising revenue with their community.

The Snapshot page reveals that the ApeCoin community’s voting on the AIP-222 proposal to create “A Web3 Streaming Platform Powered By ApeCoin” finished on April 13 and was not approved. The plan was opposed by 49.33%, while it was supported by 33.88%.

By launching a Web3 streaming media platform, the proposal proposes to allow content creators to spread through their own network, reach the community directly, obtain a larger share of advertising fees, retain their intellectual property rights, and share a certain percentage of advertising revenue with the community.

The platform uses advertising (AVOD) and FAST channels to offer a unique three-way revenue-sharing option, empowering independent artists internationally and bringing new consumers into the APE ecosystem’s incentives.

Previously, the ApeCoin community voted on a proposal to create a new NFT series, and the idea was eventually rejected. The new NFT series proposal received 83.95% of the vote, with 10.01% in favor.

ApeCoin Armory Club and ApeCoin Pet Club, the planned NFT collections, were intended to have 20,000 NFTs each. The NFTs would have been provided to the crypto community for free, with a cost estimate of $168,000.

The whole proposal included photos of the NFTs, as well as the ape emblem on a shield. The plan also includes photographs of the pets who would have been members of the ApeCoin Pet Club. According to the concept, every NFT from both collections would have been unique in their own way, some with exceptional qualities.

As Coincu reported, due to the stoppage of ERC Token deposits and withdrawals for the Shanghai upgrade, the APE/BTC trading pair on Upbit increased dramatically. During the network update, Upbit advised investors to exercise caution while investing in ETH and ERC-type digital assets.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

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