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Yuga Labs Shakes Up Crypto Governance: ApeCoin DAO on the Chopping Block as ApeCo Emerges
Yuga Labs Shakes Up Crypto Governance: ApeCoin DAO on the Chopping Block as ApeCo Emerges
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In a move that's either bold or borderline reckless—depending on who you ask—Yuga Labs has proposed dismantling the ApeCoin DAO entirely. The replacement? A sleeker, centralized(ish) token called ApeCo. Because nothing says 'decentralization' like a corporate overhaul.
The Bored Ape overlords claim this'll streamline decision-making. Critics whisper it's just another power grab wrapped in Web3 jargon. Either way, the proposal's already sending shockwaves through NFT circles—where 'community governance' often means 'voting with your bags.'
Funny how these DAOs keep 'evolving' into something that looks suspiciously like... a traditional company. But hey, at least the apes still have their JPEGs.
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