ApeCoin community declines creation of multi-link APE NFTs, here’s why

ambcrypto.com:

Home to multiple blue-chip NFT collections, Yuga Labs created ApeCoin [APE] to act as the governance token of its projects. Since then, several proposals have had to pass through a voting process before approval or rebuff.

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Now, it seemed that the AIP-206 proposal aimed at creating multi-link APE NFTs has been met with a brick wall. This was because voting for the proposal showed that the ApeCoin community did not endorse the idea.

At press time,  83.99% voted against it while only 9.99% were in favor. Others preferred to abstain.

Source: Snapshot via ApeCoin

On 13 January, Aaron Leupp presented the proposa l to the community. According to the details, 20,000 items from two collections named the Ape Coin Armoury Club and Ape Coin Pet Club were supposed to be created. 

Furthermore, the development of the collection was supposed to be ApeCoin’s ticket into the metaverse while holding more utility and providing growth incentives.

However, it is no news that ApeCoin houses Bored Ape Yacht Club [BAYC] , Meebits, and Mutant Ape Yacht Club [MAYC] . But the proposal which would have cost $168,000 was aimed at designing something similar to The Sandbox [SAND] , and Decentraland [MANA] .

The attempt signals another try by Yuga Labs to expand its NFT participation. Just a few weeks back, the NFT-focused blockchain team slid away from only Ethereum [ETH] or APE NFTs. During that time, it auctioned its first Bitcoin [BTC] NFTs after the successes recorded by Ordinals . 

However, the rejected proposal was not linked to the way the Bitcoin NFTs sales went. Instead, the proposal’s intent was for the community to own these items at no cost while holders of BAYC,