The ApeCoin community has backed a major governance overhaul, supporting Yuga Labs CEO Greg Solano’s proposal to replace the ApeCoin DAO with a new founder-led entity called ApeCo. The move aims to address frustrations over DAO inefficiency, bureaucratic delays, and ineffective funding decisions. ApeCo will focus on milestone-based grants, streamlined operations, and strategic investments across ApeChain, Bored Ape Yacht Club, and Otherside. The proposal has received overwhelming community support, with many citing “DAO fatigue” and a desire for more professional, accountable leadership. This marks a pivotal shift from decentralized governance toward a more centralized but focused operational structure for ApeCoin.