A proposal seeking to establish a sister DAO and allocate 750,000 APE to acquire influential NFTs currently has over 70% approval in early ApeCoin DAO voting.

The AIP-297 proposal was co-authored by Animoca Brands co-founder Yat Siu in July, with an objective to "position ApeCoin as the culture token to power the broader web3 ecosystem," according to the voting page. 

The proposed list of floor price NFTs to be acquired includes eight Bored Ape Yacht Club, 12 Mutant Ape Yacht Club, 15 Bored Ape Kennel Club, 15 Cool Cats, 15 World of Women and 12 Pudgy Penguins. The NFTs will be managed by a community-governed vault, with decisions made by sister DAO members holding at least 1 APE token ($1.16), the page adds.

ApeCoin ecosystem benefits

The proposal would enable the sister DAO to …