Animoca Partners with ApeCoin to Launch New $10 Million Fund ApeCoin Ventures Proposal Approved by Community Vote

Animoca Ventures, the early-stage venture capital arm of Animoca Brands, has voted to launch ApeCoin Ventures in the ApeCoin DAO community, according to the Snapshot governance page.

The vote was 84.27 percent in favor, meaning that ApeCoin DAO will contribute $5 million in APE tokens and Animoca Ventures will provide $5 million in fiat currency in a 1:1 match to form a $10 million investment fund. The fund will focus on early-stage Web3 projects in seed and Series A stages, with a preference for projects that can integrate APE tokens into their ecosystems.