@limingtian
The Bored Ape Yacht Club (BAYC) governance evolved from Yuga Labs' centralized control to decentralized via ApeCoin DAO in 2022, empowering holders to vote on proposals. In June 2025, the DAO voted to dissolve itself, transferring control to ApeCo—a Yuga-aligned entity—for streamlined decisions, prioritizing ApeChain, BAYC, and Otherside. This shift boosts efficiency and product launches but reduces decentralization, risking alienation of community purists.
ApeCoin's utility includes governance (now limited), staking rewards, gas on ApeChain, multi-chain DeFi integrations (e.g., Solana, BNB), and transactions in metaverse/gaming. Expanded cross-chain features enhance practicality beyond NFT ties, though centralization may impact long-term holder engagement.
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