ApeDAO's members are voting to sell 81 Bored Ape NFTs to reinburse token holders (via OsatoNomayo)
ApeDAO looks after a treasury of NFT assets, including 81 Bored Ape NFTs.As a result, token holders are voting to dissolve the DAO, sell the assets and split the proceeds.The DAO in question is ApeDAO, which was founded by the pseudonymous NFT collector KyloRen and is the third-largest holder of Bored Ape Yacht Club NFTs. It looks after a huge treasury of NFT assets, including 81 Bored Apes, 81 Mutant Apes, CryptoPunks, Fidenza, and Cool Cats.
The discontent is reportedly linked to the fact that the DAO’s governance token has failed to keep up pace with the value of the treasury’s holdings. “Given the current gap between $APED price and net asset value of DAO holdings, liquidating the DAO would generate substantial returns for $APED Holders,” the proposal stated.from crypto portfolio aggregator Zapper, ApeDAO’s treasury is worth about $32.6 million, or 13,000 ETH.
According to the proposal, liquidating the DAO’s NFTs could deliver as much as 8 ETH per 1,000 APED tokens.As of the time of writing, the proposal to liquidate the DAO’s assets seems to be popular with the community. Currently, 86.5% of the vote is in favor of the move. The vote ends on February 3.the DAO’s multisig custodians “will act on the basis of the vote.”
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