The ApeCoin [APE] Decentralized Autonomous Group (DAO) has taken steps in direction of offering an APE-powered NFT market. At press time, it was noticed that voting had begun correct on all proposals submitted earlier.
Recall that there had been three proposals from three totally different entities centered round creating a market for Bored Ape Yacht Membership [BAYC]. First it was Solana [SOL]-based market, Magic Eden placing its foot ahead. Then, one other got here from Rarible. Yuga Labs itself additionally introduced one thing ahead. Now that voting has began, what has been the state of affairs up to now?
No to Solana? Sure to what?
Based on the present outcomes, it was not going effectively for the MagicEden proposal. On the time of writing, the APE group had massively voted towards it. Whereas 85.48% have been towards it, solely 14.52% voted in favor of the proposal.
Nevertheless, the proposal by Snag Solutions appears to have gained the hearts of the APE group. The present outcomes confirmed that about 99.73% of the APE group voted in favor of the whitelist NFT growth agency. It was no shut name as solely 505 members voted towards the proposal, in comparison with 189,000 that supported the proposal.
As per the Yuga Labs/Otherside partnership, it has been an in depth fight up to now. Whereas 43.34% had voted in favor, 56.66% have been towards it.
How about BAYC and APE?
With voting up, BAYC appeared to want the draw back. Based on CryptoSlam, BAYC’s efficiency within the final 24 hours was nothing to be enthusiastic about. Regardless of a $956,045 gross sales quantity, BAYC misplaced the highest and was third with a 24.64% decline in buying and selling quantity.
RENGA and Sorare maintained stable positions above the gathering as they revamped $1 million in gross sales quantity in the identical timeframe.
As for its governance token, APE, it appeared like a “birds of the ame feather” perspective. Moreover, CoinMarketCap confirmed that APE was 6.60% down from the day before today’s worth whereas buying and selling at $4.76. Extra so, the on-chain knowledge was additionally not spectacular.
Based on Santiment, APE’s quantity had dipped from 351.25 million as of 15 September to 315.48 million at press time. Curiously, it was not the same state of affairs with the one-day circulation, which elevated from 5.94 million to 7.14 million inside the aforementioned interval.
Lastly, it could be too quickly to write-off MagicEden within the BAYC market race. With voting up till 22 September, the race may nonetheless be thrown open. Barring any change from the established order, Snag Options may effectively be victorious.