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ApeCoin Proposes $1,000,000 Funding for Crypto Public Goods Inspired by Vitalik Buterin's Tweet

Cointime Official

April 16 (Cointime) - ApeCoin introduces a new proposal, "I don't hate apes, I just want them to fund public goods!", aiming to allocate $1,000,000 to support crypto public goods through ETH Global and ApeCoin hackathons.

The name of the proposal is inspired by a tweet from Ethereum co-founder Vitalik Buterin, who expressed his desire for the ApeCoin community to fund public goods.

Source: https://forum.apecoin.com/t/aip-230-i-dont-hate-apes-i-just-want-them-to-fund-public-goods/11280

The objectives of this proposal are to:

1) give back to the Ethereum community;

2) further development work around account abstraction; and

3) introduce developers to ApeCoin.

Maaria Bajwa, the author of the proposal and a former ApeCoin special council member, plans to coordinate between ETHGlobal and the ApeCoin Foundation. The initiative aims to increase visibility for ApeCoin while supporting public goods and other communities. Success will be measured based on the entire ecosystem's progress, with funding expected to benefit the collective good of the crypto community.

The proposal outlines a $1,000,000 investment by ApeCoin DAO, allocated as follows:

  • $300,000 donation to ETH Global
  • $700,000 for participation in 11 ETHGlobal hackathons in 2023, including 7 in-person and 4 online events
  • $40k Pillar Tier sponsorship and $10k prize pool per event
  • $50k in prize matching with Ethereum Foundation for initiatives around NFTs, DAOs, zk scaling, and account abstraction
  • $50k for operational costs related to in-person events, such as swag bag items, content creation, and travel reimbursements
  • Up to $50k for unexpected operational or prize expenses in 2023
ApeCoin Vitalik Buterin
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