ICYMI: Magic Eden submits proposal to build ApeCoinDAO an NFT marketplace
The proposal comes a week after Magic Eden announced it would launch on Ethereum.to the ApeCoin DAO to build a marketplace where $APE holders can buy and sell NFTs for a 0.75% transaction fee.
“We aim to change that," the firm wrote."The ApeCoin DAO marketplace will significantly slash fees, provide sustainable utility to ApeCoin, and provide a platform through which the community can launch their own projects and initiatives. There will be no cost to ApeCoinDAO for building this marketplace."
The ApeCoin DAO, which launched earlier this year, serves as the governance mechanism for the token ApeCoin. The DAO is not controlled by Bored Ape Yacht Club creators Yuga Labs — the two entities evenin June over whether ApeCoin should move to its own blockchain — but its board does include several well known figures in the NFT community. Among them are Reddit co-founder Alex Ohanian, FTX’s head of ventures and gaming Amy Wu, and Animoca Brands chairman Yat Siu.
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