ApeCoin DAO Approves Proposal To Dissolve Four Workgroups

According to PANews, ApeCoin DAO has approved a proposal to dissolve four non-essential workgroups with a 98.02% support rate. The workgroups set for dissolution include the Governance Workgroup, Marketing and Communications Workgroup, Metaverse Workgroup, and Web3 Development Workgroup. The proposal highlighted that these workgroups cost the DAO nearly $3 million annually while demonstrating low operational efficiency. Additionally, the proposal noted that the ApeCoin Foundation's funds are rapidly depleting. To alleviate financial pressure, the proposal suggests outsourcing these functions to third-party teams and recruiting teams that meet transparency and accountability standards through a request for proposal (RFP) process, thereby optimizing the DAO's operational efficiency.