BTCC
/
BTCC Square
/
decryptCO
/
Yuga Labs Moves to Dissolve ApeCoin DAO—Signaling End of an Era for Bored Apes
Yuga Labs Moves to Dissolve ApeCoin DAO—Signaling End of an Era for Bored Apes
19
3
Yuga Labs—creator of the Bored Ape Yacht Club—just dropped a bombshell: it's pushing to dismantle the ApeCoin DAO. The move shocks a community already grappling with NFT fatigue and speculative hangovers.
Why kill the DAO? Yuga claims decentralization 'isn't scaling'—convenient timing as regulators circle like vultures. Critics call it a power grab; loyalists insist it's necessary evolution. Either way, the 'ape revolution' looks more like a corporate rebrand.
One hedge fund manager quipped: 'First they sell JPEGs for six figures, now they're cutting governance loose. Web3's greatest trick? Making liquidation look like progress.'
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.Your EmailGet it!Get it!
By:
Previous
Crypto Bloodbath: Bitcoin, Solana, Dogecoin Tumble While Circle Stock Soars Post-IPO
Next
French Users Flood VPNs After Pornhub Slams the Door on Age-Restricted Access
