ApeCoin

ABSTRACT

A community marketplace is a natural next step for the ApeCoin DAO. A successful community marketplace will: drive adoption of $APE through $APE listings, drive traffic to the ApeCoin DAO (apecoin.com), and decrease fees to community members by building a APE-native marketplace with rich ape-specific user experiences. In order to compete this marketplace must be cost competitive with fees in-line with or lower than competitors like X2Y2.

Our marketplace will host all Yugaverse projects in a single marketplace UI, with dramatically reduced fees, keeping $$ in the BAYC ecosystem and improving the marketplace experience for both buyers and sellers.

While we have a lot to share, some notable key features of the marketplace are the following:

• Leveraging @reservoir0x’s open-source, on-chain orderbook to increase openness and composability.
• Aggregated orders from major marketplaces (OpenSea, LooksRare, X2Y2, Sudoswap, and more) to maintain a strong bridge to the rest of the NFT market.
• Native sales in $APE with no fees to users buying and selling in $APE.
• A .5% marketplace fee on $ETH listings and a .25% fee in $APE. .25% of all fees will be sent to a community-held multi-sig wallet on a monthly cadence. The use of funds can then be decided in a separate AIP. (more on why later) The .25% from $ETH will be converted to $APE and sent to the wallet.
• Development of contextual and ape-specific marketplace functionality, such as integration of key BAYC metadata, relation to the Otherside, and more.

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-98-a-community-first-apecoin-dao-marketplace-proposal/8079

The AIP implementation is administered by the Ape Foundation. Implementation may be immaterially or materially altered to optimise for security, usability, to protect APE holders, and otherwise to effect the intent of the AIP. Any material deviations from an AIP, as initially approved, will be disclosed to the APE holder community.