{"id":319152,"date":"2023-04-20T13:00:25","date_gmt":"2023-04-20T12:00:25","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=319152"},"modified":"2023-04-21T16:55:34","modified_gmt":"2023-04-21T15:55:34","slug":"apecoin-community-approves-1m-donation-to-ethereum-development","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/apecoin-community-approves-1m-donation-to-ethereum-development\/","title":{"rendered":"ApeCoin community approves $1M donation to Ethereum development"},"content":{"rendered":"<p>The community behind ApeCoin (<a href=\"http:\/\/www.cryptoslate.com\/coins\/apecoin\">APE<\/a>) has donated $1 million to support the development of the Ethereum blockchain, as per a recent voting proposal.<\/p>\n<p>The community-led <a href=\"https:\/\/snapshot.org\/#\/apecoin.eth\/proposal\/0x0bb3c25e2d5d817d13cf040d7780641743553ef1ed0ec1cef1424567beb99ccf\">initiative<\/a> titled &#8220;I don\u2019t hate apes, I just want them to fund public goods!&#8221; referencing a tweet by Ethereum co-founder Vitalik Buterin \u2014 received a majority of the votes in favor of the donation.<\/p>\n<p>APE is a popular cryptocurrency linked to the Bored Ape Yacht Club \u2014a collection of unique digital ape NFTs. The $1 million donation from the ApeCoin community will boost the ongoing development of the Ethereum network \u2014 which has been crucial to the growth of the entire cryptocurrency ecosystem.<\/p>\n<p>The voting proposal received 15,772 votes \u2014 with 7,286 votes in favor, 4,737 against, and 3,749 abstaining.<\/p>\n<figure id=\"attachment_319169\" aria-describedby=\"caption-attachment-319169\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-319169 size-medium\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/04\/Screenshot_3-300x231.png\" alt=\"ApeCoin community\" width=\"300\" height=\"231\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/04\/Screenshot_3-300x231.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/04\/Screenshot_3.png 323w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-319169\" class=\"wp-caption-text\">ApeCoin proposal vote results: <a href=\"https:\/\/snapshot.org\/#\/apecoin.eth\/proposal\/0x0bb3c25e2d5d817d13cf040d7780641743553ef1ed0ec1cef1424567beb99ccf\">Snapshot<\/a>.<\/figcaption><\/figure>\n<h2>ApeCoin community donation goals<\/h2>\n<p>The ApeCoin community had a multi-faceted proposal that served multiple purposes, such as supporting the Ethereum community, promoting development efforts concerning account abstraction, and familiarizing developers with ApeCoin.<\/p>\n<p>As part of the proposal, the community plans to donate $300,000 to ETHGlobal to facilitate its objectives. The remaining $700,000 will be allocated towards organizing 11 ApeCoin hackathons and supporting at least five public good initiatives.<\/p>\n<p>The proposer of the donation, Maariab \u2014 an ex-ApeCoin special council member \u2014 <a href=\"https:\/\/forum.apecoin.com\/t\/aip-230-i-dont-hate-apes-i-just-want-them-to-fund-public-goods\/11280\">mentioned<\/a> that the ApeCoin community would have a say in choosing the judges for the hackathons. The main driving force behind the proposal was the desire to support and contribute to developing the Ethereum network.<\/p>\n<p>According to Maarib, &#8220;ApeCoin would not be possible without Ethereum,&#8221; adding that:<\/p>\n<blockquote><p>&#8220;As a public good, Ethereum benefits from shared responsibility and collective appreciation, and the ApeCoin community should make a concerted effort to directly support this ecosystem.&#8221;<\/p><\/blockquote>\n<p>A proposed Ethereum Improvement Proposal (EIP-4337) is already in progress to address account abstraction on the network.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The community behind ApeCoin (APE) has donated $1 million to support the development of the Ethereum blockchain, as per a recent voting proposal. The community-led initiative titled &#8220;I don\u2019t hate apes, I just want them to fund public goods!&#8221; referencing a tweet by Ethereum co-founder Vitalik Buterin \u2014 received a majority of the votes in [&hellip;]<\/p>\n","protected":false},"author":1415,"featured_media":319166,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76736],"tags":[77111,72190,76926],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ApeCoin community approves $1 million donation to Ethereum development<\/title>\n<meta name=\"description\" content=\"The ApeCoin community voted in favor of the proposal \u2014 allocating $50,000 towards account abstraction, NFTs and DAOs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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