Moca DAO

The below contents are duplicated from ApeCoin DAO’s Snapshot Space: https://snapshot.org/#/apecoin.eth/proposal/0xa919ecfce92d285b6d3f255dd0ab1e1a9f77253badb1192d74d71a55a1c005f7

Moca DAO members will vote with Mocaverse NFTs on our Moca DAO Snapshot Space. Delegated voting will then be done on the ApeCoin DAO Snapshot Space with the Mocaverseape.eth wallet.

Read, research, discuss - See what you think, fellow Mocas! Make your voices heard.

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ABSTRACT The objective of this proposal is to raise awareness of $APE among traditional gamers by showcasing $APE as the official currency in a professional competitive esports tournament–the Wreck League ApeCoin Tournament–featuring grand prizes designated in $APE. This will demonstrate $APE’s utility as a gaming currency, while also rewarding thousands of ApeCoin community members who already use their NFT mechs to fight in Wreck League battles.

As many of you know, starting on August 31st, Yuga holders claimed their fight-ready Wreck League mechs as part of the Wreck League Founders Mechs collection. Additionally, Wreck League Season 1 powered by ApeCoin is already onboarding new ApeCoin users, showcasing bold new ways to use $APE by powering the Wreck League Web3 fighting game. The Wreck League Genesis Mint, as an example, brought in over 7,500 new $APE holders and generated over 1.5 million $APE in daily transaction volume.

https://opensea.io/collection/wreck-league-founders-mechs https://www.wreckleague.xyz/

We are asking the ApeCoin community to approve the organization of the Wreck League ApeCoin Tournament and to allocate grand prizes in the total amount of 50,000 $APE to be distributed among the winners of this first, and certainly not last, competitive esports tournament using $APE as the official tournament awards token.

BENEFIT TO APECOIN ECOSYSTEM A Wreck League ApeCoin Tournament will strengthen ties among the ApeCoin community while generating awareness among traditional gamers during this holiday season and ultimately promoting the adoption and demand for $APE by showcasing ApeCoin utility in a competitive gaming tournament.

Developed through the collaboration of nWay and Animoca Brands with the participation of Yuga Labs, Wreck League Season1 is powered by ApeCoin. As members of the ApeCoin community, Yat Siu of Animoca Brands and Taehoon Kim of nWay proactively decided to integrate $APE as the primary currency for the Wreck League Season 1 mints and tournaments utilities. The team introduced pricing in ApeCoin: 150$APE for Wreck League Majestic boxes and 50$APE for Wreck League Booster boxes. The Wreck League Genesis Mint contributed to a daily transaction volume of over 1.5 million $APEs. Moreover, it is worth noting that leading to Wreck League Genesis Mint, an increase of about 7,500 new $APE holders was observed, arguably driven by Wreck League Mint buyers buying $APE for the first time in preparation to mint their Wreck League boxes on the morning of August 17. .

nWay, the developer behind Wreck League, is a reputable game developer founded in 2011 with over 50MM downloads of their traditional fighting games. As recently covered in a sponsored Tiger report, Wreck League is poised to bridge nWay’s existing reach among traditional fighting-game players to Web3 gaming by introducing a set of optional yet powerful Web3 gaming utilities, including but not limited to: 1) Customizing and building unique mech NFTs; 2) Entering PvP Wreck League fighting tournaments and competitions to win on-chain rewards; and 3) Delivering a patented, first-of-its-kind NFT to in-app-store publishing and revenue sharing model for mech NFT owners.

https://reports.tiger-research.com/p/web3-fighting-games-in-korea

In conclusion, by leveraging Wreck League’s reach to traditional gamers, ApeCoin’s active Wreck League fighters, and the native integration with $APE, the Wreck League ApeCoin Tournament is a unique and timely opportunity to effectively raise awareness to ApeCoin among mainstream gamers audiences, reward existing ApeCoin community members, and ultimately onboard new members to the community this holiday season.

OVERALL COST ApeDAO Costs: The total cost for the ApeDAO is 50,000 $APE, fully allocated towards Tournament Rewards.

Wreck League, nWay Costs: For clarification, the following costs are not accrued by the ApeDAO and are not requested for ApeDAO approval. These estimate costs will be covered by nWay to produce and promote the Wreck League ApeCoin Tournament.

nWay Tournament Production and Marketing Cost Breakdown. For clarification, this Production and Marketing Cost breakdown shall be covered by nWay and is not requested for approval by the ApeDAO.

PROPOSAL Link to the full proposal: https://forum.apecoin.com/t/aip-338-the-first-apecoin-sponsored-competitive-e-sports-tournament-with-wreck-league/18874

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.