To enhance ApeCoin DAO’s official NFT marketplace, custom NFT marketplace development firm Snag Solutions has begun soliciting input and suggestions from the ApeCoin community.
According to an announcement titled “ApeCoin Marketplace Renewal” posted on the official ApeCoin DAO forum, Zheer Wagen, founder of Snag Solutions, revealed that the ApeCoin NFT market will experience sluggish sales between December 2022 and February 2023, mainly due to market The competition is presented by Blur and OpenSea.
During this period, only 4 Bored Apes, 10 Mutants, 16 Bored Ape Kennel Club Dogs, and 9 Otherdeed virtual packages from the Otherside metaverse were sold.
Recognizing the need for improvement, Snag Solutions is seeking community opinion on several key aspects. One of the key considerations is whether it is necessary to revise the royalty and fee policy to increase transaction volume.
Additionally, the company is interested in exploring the potential of directing funds generated by the DAO to ThriveCoin to support contributions to the DAO. Additionally, community input was sought on the feasibility of implementing a zero-fee peer-to-peer (P2P) transaction mechanism to mitigate the risk of fraud.
Feedback and suggestions from the community will end on May 17th. We encourage ApeCoin holders and enthusiasts to actively participate and provide their valuable insights to help shape the future direction of the ApeCoin NFT market.
The ultimate goal is to foster an ecosystem that fosters greater engagement, participation, and transparency while addressing the challenges faced in the highly competitive NFT market.
The ApeCoin NFT marketplace has witnessed tremendous growth and interest since its inception, attracting collectors and investors. However, recent market dynamics require a reassessment of strategies and policies to keep the market relevant and competitive.
With its expertise in NFT market development, Snag Solutions aims to leverage the wisdom and collective wisdom of the ApeCoin community to drive innovation and bring meaningful improvements to the market.
As the deadline for submitting comments and suggestions approaches, stakeholders eagerly await the valuable insights that will be gleaned from the community.
The collaborative effort between Snag Solutions and ApeCoin DAO signals a commitment to inclusivity and decentralization, ensuring that decisions made represent the collective will.
Since the ApeCoin NFT marketplace is the cornerstone of the ApeCoin ecosystem, it is imperative to create an environment that can meet the diverse needs and wishes of the community.
By engaging community members actively in the decision-making process, Snag Solutions aims to instill a sense of ownership and empower individuals to contribute to the continued growth and success of the ApeCoin project.