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Proposal to Establish NFT Trading Market for ApeCoin DAO by Snag Solutions Passed

By WebsCryptoSeptember 22, 20221 Min Read
Proposal to Establish NFT Trading Market for ApeCoin DAO by Snag Solutions Passed
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Zach Heerwagen, CEO and co-founder of Snag Solutions, a platform solution for NFT projects, has voted in the ApeCoin DAO community on building a community-first ApeCoin DAO market proposal.

The proposed marketplace would host all Yugaverse projects in a single marketplace UI with significantly lower fees, keeping funds in the BAYC ecosystem, and improving the marketplace experience for both parties to the transaction.

For transactions using APE, buyers and sellers do not need additional transaction fees. Users who use ETH to place orders will be charged a certain transaction fee, and the transaction fee income will be managed by the community multi-signature wallet.

Earlier, it was reported that the proposal to build an NFT market for ApeCoin holders by Magic Eden was voted down.

Related:  India to Collect Over $19.2 Million in Cryptocurrency Taxes in FY 2023
DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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