Yuga Labs suggested eliminate Tao Apecoin

Yuga Labs initiated the dissolution of a decentralized autonomous organization (Tao) Apecoin. Instead, they plan to create a new structure for token ecosystem development Ape.

According to CEO Yuga Labs Graga Solano, Tao was a bold but outdated experiment that turned into a “slow, loud and often non -serious management theater”.

In order to preserve the main useful function of the TAO – the funding of developers – the company proposes to launch an alternative organization called Apeco.

Apeco is focused on three directions: blockchain Apechain, NFT Collection Bored Ape Yacht Club and Oherside metabus. A step -by -step financing grant system is also envisaged to support “real” developers.

The Ogdfarmer user with Nick Nick criticized Tao, calling it a “brake for the entire ecosystem”, abused and overly politicized.

Seriously Thought, I’M so Out of the dao Things that this might be stupid or unfeasable, but whofty not Dissolve the dao?

It’s Been Nothing But A JOKE, AND A DRAG ON THE ENTIRE ECOSYSTEM, PILLGED AND SLOW AND INDIFICIENT AND OVERPOLITICIZED SINCE INCOPTION, WITH UNALIGNED BAD… PIC.TWITTER.com/SSVMU5U5U5U

– dfarmer (@gdfarmer) June 1, 2025

In his opinion, the Yuga Labs team, under the direction of Solano, will be able to handle better.

If the Apecoin initiative is approved, it will be liquidated. Token owners will lose all the rights related to asset management. Previous Aip cancel. Working groups, delegated organs and forums will also be stopped.

At the Apecoin Forum, the proposal was perceived mostly positively. It was brought to the vote – but solely for the assessment of the mood of the community, not the decision.

At the time of the APE publication, it is traded at $ 0.73 (+3.6% per day), according to Coingcko.

Recall that in May, Yuga Labs has transferred the rights to the NFTPTPNOPUNKS Non-profit organization The Infinite Node Foundation.

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