AIP-98: A Community-First ApeCoin DAO Marketplace Proposal

HIGHLIGHTS:
Author:zheerwagen

Abstract

A community marketplace is a natural next step for the ApeCoin DAO. A successful community marketplace will: drive adoption of $APE through $APE listings, drive traffic to the ApeCoin DAO (apecoin.com 11), and decrease fees to community members by building a APE-native marketplace with rich ape-specific user experiences. In order to compete this marketplace must be cost competitive with fees in-line with or lower than competitors like X2Y2.

Our marketplace will host all Yugaverse projects in a single marketplace UI, with dramatically reduced fees, keeping $$ in the BAYC ecosystem and improving the marketplace experience for both buyers and sellers.

So to summarize:

1. We’ll build a native marketplace that hosts all Yugaverse collections with .5% on $ETH listings and .25% fees on $APE listings with an open order book solution and aggregated liquidity. .25% of each transaction will be earmarked for the DAO, and we’ll apply for renewal in 6-months.

2. All $APE fees will be routed to a community held multi-sig with use of funds to be voted on in a future AIP. This gives the DAO more time to determine how to best utilize new funding sources while taking $APE off of the market in the interim.

3. We’re experienced marketplace builders, established community members, and flexible partners incentivized to drive value for the DAO. We’ll also never host a competitive marketplace hosting Yuga collections or silo marketplace liquidity to capture value.

4. We’re entirely focused on and committed to innovating on the front end experience to make sure the ApeCoin DAO marketplace is the go-to destination for Yugaverse NFTs.

Overall Cost:

No cost to the DAO.