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Yuga Labs CEO Greg Solano Proposes Dissolution of ApeCoin DAO – #CryptoUpdatesGNIT

Summary by GlobalNewsIt
Yuga Labs CEO Greg Solano has proposed the dissolution the ApeCoin DAO in favour of creating a new centralised entity called ApeCo. The suggestion reflects a significant shift in governance strategy, moving away from a community-led model to a more controlled structure overseen by Yuga Labs. This plan involves transferring all assets and responsibilities from the DAO to ApeCo, which would take over management of projects such as ApeChain, the Bo…
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NFT Plazas broke the news in on Monday, June 9, 2025.
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