AppCoin DAO Votes Against New NFT Series Collection

The ApeCoin community has voted on a resolution that suggested the creation of a new NFT chain, rejecting the idea. The Apcoin Armory Club and the Apcoin Pet Club were two NFT collections.

The AppCoin DAO has rejected a proposal that would introduce two new NFT collections. The two collections are Ape Coin Armory Club and Ape Coin Pet Club, which were designed for 20,000 NFTs each. 83.95% of voters rejected the proposal, with 10.01% in its favour. The NFT will be handed out to the crypto community for free, with a total cost estimated at $168,000.

ApeCoin Community Voting Against New NFT Collections: Snapshot
ApeCoin Community Voting Against New NFT Collections: Snapshot

The multi-link nature of the NFT collection means that it can be linked to other NFT and Metaverse projects, such as Otherside, Decenterland, and The Sandbox. One such possibility that the proposal hints at is that NFTs could appear in the 3D worlds of other Metaverse projects.

Images from Ape Coin Pet Club: AIP-206
Images from Ape Coin Pet Club: AIP-206

The entire proposal displays images of NFTs, with the app logo on a shield. There were also images of pets that may have formed the Ape Coin Pet Club. The offer claims that all NFTs in both collections are “unique in their own way, some with more rare features.”

The Otherside Second Trip of ApeCoin Team Looks Like a Hit

Meanwhile, Yuga Labs, the company behind Bored Ape Yacht Club, recently announced the Otherside Second Trip event captains. These captains are Jimmy Wong, Bryant, Lobley and Cordell Broadus, and they led four different teams.

Second Trip is a virtual event where 10,000 hodlers of its Otherside NFTs will test out the Otherside Metaverse experience. The event was a success, with over 7,200 concurrent players at one point.

Yuga Labs’ Bitcoin NFT was a success

With bitcoin NFTs specifically taking off, NFTs are still having a strong pull on investors. Epoch Labs recently auctioned off its first bitcoin-based NFT collection, which raised $16.5 million in just 24 hours. The highest bidder paid more than 7 BTC for one asset in the Bitcoin Ordinal collection called TwelveFold.

NFTs are also on the rise in the mainstream world, with Amazon potentially issuing its own NFTs. Amazon Web Services has signaled its entry into this area by announcing a collaboration with Ava Labs.


BeInCrypto has reached out to the company or the person involved in the story for an official statement regarding the recent development, but has yet to hear back.

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