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, 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
The Rare Pearl Moon with Motion
Motion Version Part of my moon series. This super rare pearl moon has just washed ashore on a remote tropical island beach, fining one of these rare Jems is like a total worldly treasure! These moons, only fall to earth once in a few million years! When I found this one I felt the luck that is said to come with this pearl moon.
The Rabble
The Rabble on the TV.
CryptoKitties
Mahalo! My name's Kitty #314749. I once peed on Princess Diana's cat. They had it coming. My friends describe me as "seductive." It's... accurate. We can be friends, but keep the ultra purrsonal stuff to yourself, please.
#68903
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The Scion
A young figure caught in a moment of distraction, aware only ephemerally of his unconscious being, as it engages in psychological and psychedelic layer spaces. His right arm casually cradles a moray eel; the figure is comfortable but not truly aware of the potentials for danger in such negligence. His shirt reads “Bello” in Pokemon style font, harkening back to a childhood straddling the millennial threshold. To his right side, out of the unconscious deep, shrouded alien heads propagate as a fractal totem, each new iteration a more sophisticated rendering of emotional masking over the cold mystery of the greys. As the scion of the Budgie-Sattva, the young man, in his distraction, is also simultaneously aware of higher levels of self discovery. To his left a psychological topology sets beneath the oracle side of an 8 ball ,hovering; its message a purest concept of acceptance. The “Scion” lettering is in 80’s HeMan style bold declaration. The lower right side of the painting is like a hybrid of melon, feathers, and seeds. The crystals in the background bring light; conducted, refracted, reflected, and dispersed, to balance the dark shadow of the figure’s physical body. The aura of the scion succeeds in layers to point, with a finger, and the crown chakra, toward a center of a mandala existing as nigh pure application of strokes, in essence painterly abstraction, but also revealing hints of the Aura of migraine, and the bi-hemispherical nature of the brain–noting concerns of the possibility of inherited mental disease. Yet the flourish of chakra as it sets against that center is robust, active, coherent, and reveling against all fear. Fundamentally, the piece speaks to the activation of one’s potential to begin to “Know Thyself”, and find greater awareness out of the enigmas of the mind–as an inculcated seed given to the rich soil of one’s own birthright.