ApeCoin Restructuring: What You Need to Know About ApeCo

Yuga Labs has proposed a significant restructuring of the ApeCoin ecosystem by dissolving the existing ApeCoin DAO and establishing a new entity named ApeCo. This move aims to address inefficiencies and enhance governance, as the current DAO structure has been criticized for being slow and ineffective. Concurrently, ApeCoin has experienced a substantial price increase, doubling in value following the launch of the ApeChain mainnet and its integration with LayerZero, which has invigorated trader interest and market activity. The introduction of new features and games on ApeChain has further fueled this momentum, suggesting a revitalized interest in the APE ecosystem. These developments indicate a strategic pivot by Yuga Labs to streamline operations and capitalize on the growing market enthusiasm for ApeCoin.