Animoca's proposal to launch a new fund, ApeCoin Ventures, with a partnership with ApeCoin, has been approved by community vote, totaling $10 million

According to ChainCatcher's message, the proposal to establish ApeCoin Ventures initiated by Animoca Ventures, the early-stage venture capital arm of Animoca Brands, has been approved by votes on the Snapshot governance page of the ApeCoin DAO community.

The voting results show a support rate of 84.27%, which means that the ApeCoin DAO will contribute $5 million worth of APE tokens, and Animoca Ventures will provide $5 million worth of fiat currency for a 1:1 match, jointly forming an investment fund with a total scale of $10 million. This fund will focus on investing in early Web3 projects in the seed and Series A stages, with a priority on projects that can integrate APE tokens into their ecosystems.