By George Ward
The ApeCoin DAO has turned down a proposal to launch two new NFT collections, namely Ape Coin Pet Club and Ape Coin Armory Club, each consisting of 20,000 NFTs if the launch had occurred.
83.95% Of Voters Rejected The Proposal
83.95% of the voters declined the proposal, with only 10.01% of the DAO in support of it. Notably, the NFTs were not to be sold but given to the crypto society for free.
The estimated total cost of distributing the NFTs was $168,000. The NFT collections’ multi-link nature would have allowed them to be integrated with various NFT and metaverse initiatives such as The Sandbox, Otherside, and Decentraland.
The proposal suggested that the NFTs could have been displayed in the 3D environments of other metaverse initiatives. The complete proposal included visuals of the NFTs, which featured the Ape logo on a shield, and images of the Ape Coin Pet Club’s pets.
According to the proposal, every NFT from both collections was unique. However, some of the NFTs had rare features, making them different.
Otherside’s Second Trip A Major Success
In a related development, Yuga Labs, the firm responsible for the Bored Ape Yacht Club, has revealed the captains for the Otherside Second Trip event. The captains include Cordell Broadus, Jimmy Wong, Lowbellie, and Brycent, each leading four different teams.
“We express our gratitude to the 7,200+ Voyagers who participated in the Otherside Second Trip, those who followed the event through our official live stream, and the captains of the teams – @champmedici, @lowbellie, @jfwong, and @brycent_. We trust that you had a great experience in Otherside,” Othersidemeta tweeted.
Second Trip is a digital event that provides 10,000 holders of Otherdeeds NFTs with an opportunity to try out the Otherside metaverse experience. The event achieved significant success, with over 7,200 players playing simultaneously during its peak period.
Meanwhile, investors continue to exhibit significant interest in NFTs, focusing on Bitcoin NFTs. Besides, the auction of Yuga Labs’ inaugural collection of Bitcoin-based NFTs resulted in an impressive $16.5 million worth of sales within a single day.
In addition, one of the assets in the Bitcoin Ordinal collection, known as TwelveFold, was sold to the highest bidder for over 7 BTC. Furthermore, the adoption of NFTs is expanding beyond the niche market.
One proof of this is Amazon’s plans to launch its NFTs. Amazon Web Services recently partnered with Ava Labs to explore the NFT space.