Greg Solano proposes replacing ApeCoin DAO with new entity ApeCo, shifting control of assets

Yuga Labs CEO Greg Solano has filed an Ape Improvement Proposal titled “Sunsetting the DAO and Launching ApeCo,” calling for the full wind-down of the ApeCoin DAO and the creation of a new entity, ApeCo, to manage the ApeCoin ecosystem. Solano argues that while the DAO helped bootstrap early momentum, it has become inefficient and “sluggish,” with too many resources directed to low-impact or “vanity” initiatives instead of core ecosystem development. The proposal characterizes current governance as “governance theater” and says a leaner, more professional operating model is needed to advance ApeCoin’s roadmap. Under the plan, the ApeCoin DAO and Ape Foundation would be dissolved, tokenholders’ on-chain governance rights would be eliminated, existing AIPs would be nullified, and DAO working groups and elections would be shut down. All remaining DAO assets – including ApeCoin treasury funds, intellectual property, smart contracts, and infrastructure – would be transferred to ApeCo, a new entity to be formed directly by Yuga Labs. ApeCo would control funding decisions and focus on supporting “high-caliber builders” and Yuga-aligned projects such as ApeChain, Bored Ape Yacht Club (BAYC), and Otherside, with stricter standards for which initiatives receive capital and support. The proposal marks a major governance pivot: from a tokenholder-run DAO structure toward a more centralized, corporate-like entity overseen by Yuga Labs. It comes against a backdrop of wider regulatory and legal attention on ApeCoin and Yuga’s ecosystem, including ongoing debates over whether tokens like ApeCoin could be treated as securities, and past reports of SEC scrutiny of Yuga’s NFT and token offerings. If adopted, Solano’s plan would significantly reduce community control over ApeCoin’s direction while potentially streamlining decision-making and aligning funds more directly with Yuga’s strategic priorities across BAYC, Otherside, and ApeChain.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• Yuga Labs looks to replace 'unserious' ApeCoin DAO with new ... (tradingview.com)
• ApeCoin: Yuga Labs Wants to Replace DAO with New 'ApeCo' to ... (cryptorank.io)
• Yuga Labs CEO Greg Solano proposes dissolving ApeCoin DAO ... (x.com)
• Yuga Labs CEO Greg Solano filed a proposal titled “Sunsetting the ... (x.com)
• Garga Proposes Shutting Down ApeCoin DAO + ETH and $HYPE ... (open.spotify.com)

Explore the topic

• Yuga Labs
• DAO