Animoca Ventures' proposal to establish ApeCoin Ventures in the ApeCoin DAO community was voted through

According to Snapshot governance page, Animoca Ventures, the early-stage investment arm of Animoca Brands, has proposed the establishment of ApeCoin Ventures in the ApeCoin DAO community, which has been approved by a vote with a support rate of 84.27%. This means that ApeCoin DAO will contribute $500 worth of APE tokens, and Animoca Ventures will provide $5 million worth of fiat currency for a 1:1 matching, to jointly establish a $10 million investment fund. The fund will focus on seed and Series A stage early Web3 projects, with priority given to projects that can integrate APE tokens into their ecosystem.