25/11/2022 ApeCoin DAO Launches Community-Driven NFT Marketplace

The platform offers features built especially for the Bored Ape Yacht Club and Otherside communities, its CEO said.

ApeCoin

(The British Library, modified by CoinDesk)

ApeCoin DAO, a community-led governing body made up of ApeCoin holders, has launched its own white-labelnon-fungible token (NFT)marketplace.

ApeCoin, the Ethereum-based governance and utility token used within the Bored Ape Yacht Club (BAYC)-linked APE ecosystem, launched in March.

Built by non-fungible token (NFT) infrastructure company Snag Solutions,the new community marketplacelists for-sale NFTs fromYuga Labs-ownedNFT collections like BAYC, Mutant Ape Yacht Club (MAYC), Bored Ape Kennel Club (BAKC) and Otherdeed for Otherside.

Zach Heerwagen, CEO of Snag Solutions,saidthe platform offers “unique features built specifically for the BAYC and Otherside communities, including ApeCoin staking and NFT metadata integrations.”

The platform also offers a reduced-fee structure for sellers – .5% fees on ETH transactions and .25% fees on ApeCoin transactions – and holds .25% of each sale in amulti-signature walletto fund future decentralized autonomous organization (DAO) initiatives, creating a benefit loop for ApeCoin holders.

“Snag exists to support creators by unbundling marketplaces, and we're excited to partner with the ApeCoin community to replace the status quo with a product that respects royalties while heavily reducing fees,” Heerwagentweeted.

Its unique fee structure comes at a time when NFT marketplaces such asMagic EdenandLooksRarehave dropped mandatorycreator royalties, which put pressure on competitors likeOpenSeaandX2Y2.

Yuga Labs declined to comment. The ApeCoin marketplace is not directly affiliated with Yuga Labs, according toThe Block, though Heerwagen told the outlet that “lines of communication were open with Yuga.”

Snag Solutions, which launched in July, previously created a white-label NFT marketplace forGoblintown creator Truth Labs. Theinitial proposalto create an ApeCoin marketplace, authored by Heerwagen, amassed 88% of votes in favor of creating the community’s platform.

Arts

https://www.coindesk.com/web3/2022/11/23/apecoin-dao-launches-community-driven-nft-marketplace/

Interesting NFTs
Alex in Wonderland
A figure, Alex, stands mostly naked in the midst of a physical and psychological maelstrom. He is clad only in nostalgic 80’s era socks, on a tenuous island between active waters and a variety of shark denizens. Sharks on the right side of the image are all beached, including a shark with a quartz crystal snout, an orange shark wrapped in a life buoy, and a shark further in the distance wearing an 80’s style shirt with the number “88”. On the left side is the largest shark, wearing bright glossy red lipstick and brandishing prominent teeth with braces. She is cordoned off from the figure by a roped float divider, and within her thought bubble is a warning symbol. Behind the figure, hovering in the air, are Grey aliens emerging from the distance, out of a series of elliptical UFO shaped interdimensional membranes. The Greys take on the visual form of spermazoa ostensibly impregnating the interdimensional thresholds. As is typical, these Greys inhabit a zone just behind the unconscious topology of Alex’s dissociative mind. Though Alex’s bottom half is representative, his top half mutates into a psychological cornucopia. In a manner akin to “Auto-Erotic Sphinx”, a predecessor work, the figure has self suctioned—an act of sensual infatuation, enjoyment, and exploration. Upward exists the figure’s primary conscious eye, adorned with a revolutionary beret emblazoned with a Bitcoin badge. The figure’s summit features the nose of a fighter jet facing off against video game Bullet Bills, one of whom is marked by a communist North Korean star. A cropped section of a UFO observes the contest. Alex’s mind branches both left and right. To the left is more singular embodied consciousness, manifesting two eyes and a Ganesh trunk grasping crayons. The right branch dissociates upward diagonally, emerging into an array of eyes, faces, teeth, tail, a unicorn horn, and much more—all of which participate in expressing his unconscious being; a democracy of psychic factions representing thought impressions and associations. All illumination and darkness– fernal, infernal, high consciousness and corporeal underbelly–reside in this realm. In the distance are relatively languid, light clouds, and against the firmament hovers a colossal distant eye peering over the scene and far beyond. This painting possesses underlying genetic traits with previous works such as “Auto-Erotic Sphinx with Toys”, “Dionysus”, and “Fuku-Shiva”. The work serves also as a nod to an earlier period of art inspiration during late teens and early twenties— born out of the nakedness, vulnerability, curiosity, and wonder inherent to coming of age and all subsequent psychedelic revelation.
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By OthersideDeployer
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Oh hi! Kitty #392558 here. I'm here to enjoy chasing string and chasing red dots. I once dreamed of being a Foreign Film Director. Now I can be found practicing witchcraft all day. Purrhaps this is the beginning of a beautiful relationship.
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