This site (120BTc.coM) recently held an important community vote called "ApeChain: Select the Proposer to Build ApeChain", and the results of the vote were announced. The AIP-378 proposal proposed by Horizen Labs, Arbitrum Foundation and Offchain Labs won with a support rate of 50.35%, which means that ApeChain will be developed using Arbitrum technology. As ApeCoin ($APE), the governance token of Bored Ape Yacht Club (BAYC) and related projects owned by Yuga Labs, this community vote is of great significance for future development.
ApeChain aims to create an exclusive blockchain network for the $APE ecosystem to expand the application scenarios of $APE and support its overall ecological development.
ApeChain focuses on developing games
According to the AIP-378 proposal, ApeChain will be developed with Arbitrum Orbit and Any Trust technologies, and requires ApeCoinDAO to provide:
Brand Authorization: The phrase "powered by Ape Coin" and all related APE logos are allowed to be used as the brand of ApeChain.
Governance Oversight: Use ApeCoinDAO as the main governance entity of ApeChain.
The proposal also identifies key features that ApeChain should prioritize including:
$APE as a native Gas token: ApeChain will become the Ape community An extension of the group and quickly becoming a core part of the Ape brand. Therefore, ApeChain should utilize $APE as the native Gas token.
Attracting a broad range of use cases, with a focus on gaming: If ApeChain hopes to accommodate the next generation of consumer-facing apps and games, it must deliver a great user experience – starting with low fees and fast The transaction begins. Yuga Labs has publicly leaned toward games as the main vertical of its strategy, including bringing on new partners and setting up dedicated communication channels for its games. With ApeChain, DAO should seek to create a natural home for its ecosystem.
Align with Ethereum: BAYC, MAYC (Mutant Ape Yacht Club) and the broader APE community are the driving forces of the Ethereum NFT ecosystem and should seek to maintain that consistency .
Horizen Labs is about to announce the ApeChain development roadmap
Not long after the voting results were released, Horizen Labs published an article on X outlining a series of key strategies and strategies for the development of ApeChain. plan, emphasizing close cooperation with Arbitrum and Offchain Labs to soon announce the official ApeChain development roadmap.
This roadmap includes converting $APE into OFT (Omnichain Fungible Token, a fungible token common to the entire chain) powered by LayerZero Labs, and other aspects include:
Business Development Started: Horizen Labs has been in contact with web3 game projects eager to launch on ApeChain, and we will also seek deeper cooperation with Yuga Labs and other contributors to the Ape ecosystem.
Ape-centered community cooperation: ApeChain is committed to serving the Ape community, so as we act, we will continue to solicit feedback and participation from the Ape community.
$APE rose 4% in the past 24 hours
One of the popular narratives this year is chain games, which makes people look forward to the future growth of ApeChain, which will focus on game development. prospect. CoinGecko data shows that $APE has increased by 4% in the past 24 hours and 11.9% in the past 7 days. The price was temporarily reported at $1.57 before the deadline. Although it has fallen 94.2% from the historical high hit on April 28, 2022, it is still the same as in 2023. It has increased by 55% compared to the historical low on October 10. Whether it will take advantage of the momentum of blockchain games to regain its glory in the future is worthy of continued attention.
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