Bulls on the Block

ABSTRACT

This budget request is to finance the first 6 months of operations of the Metaverse Working Group (MWG).

The operational guidelines for this Working Group are outlined in AIP-245. The proposal provides a comprehensive framework of Objectives and Key Results (OKR) aimed at ensuring ongoing growth and accountability and keeping the community informed about progresses. The Metaverse Working Group consists of a two-person team: David, based in Hong-Kong and Dim, based in France.

This budget allows the MWG to pursue their mission while keeping the flexibility to adapt to potential opportunities.

BENEFIT TO APECOIN ECOSYSTEM

1. A strong foundation: Establishing the transparent and compliant legal structure for the Metaverse Working Group to facilitate a smooth and sustainable transition for subsequent Stewards.
2. Empower creators: With the creation of the ApeCoin Creators Assembly the MWG aim at stimulating cooperation within the existing community and expand it further.
3. Develop ApeCoin presence in the Metaverse: Onboarding new community members through experience and partnerships creating a broader ecosystem.
4. Support Otherside development: Laying the groundwork to become a lead resource for ODK integrations and support content creators and builders in the Otherside. Developing a strategy for the purchase and usage of DAO owned Metaverse assets to benefit the community See AIP draft.

OVERALL COST

This budget proposal requests an allocation of $APE tokens equivalent to $415,500 USD to cover the Metaverse Working Group’s first six-month operational needs.

The Metaverse WG LLC will be the recipient of the grant, and the funds will be received in the multi-sig wallet with both MWG stewards as signers. In the event that any of these budget line items extend beyond June, the third elected MWG Steward would be added as a signer to the multisig wallet.

The Metaverse Working Group shall invoice the Foundation against this budget as needed but still reserves the right to take custody in full, as approved through this AIP.

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-404-apecoin-dao-metaverse-working-group-budget/22062

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.