ApeCoin Community Greenlights Creation of ".APE" Domain

With an overwhelming majority vote (91.68%), ApeCoin DAO has approved a proposal to create ".APE" as a new top-level domain (TLD). This initiative, a collaboration with D3, aims to establish .APE TLDs as real-world assets to enhance the DAO's revenue streams and provide users with APE-linked name tokens as Web3 identifiers.

ApeCoin Community Approves Proposal to Register ".APE" Top-Level Domain with ICANN

San Francisco, California, USA - November 28, 2023 - In a unanimous vote, the ApeCoin decentralized autonomous organization (DAO) has approved a proposal to register ".APE" as a new top-level domain (TLD) with the Internet Corporation for Assigned Names and Numbers (ICANN). This marks a significant development for the ApeCoin community and its commitment to establishing a unique and recognizable online presence.

The proposal, which was put forward by D3, a specialist in Web3 domains, outlines a comprehensive plan for the creation and management of the .APE TLD. The application process, which is expected to take approximately one year, will involve D3 preparing and submitting the necessary documentation to ICANN. Upon approval, ApeCoin DAO will have the exclusive rights to operate and monetize the .APE TLD for an initial period of 10 years, with automatic renewals thereafter.

The ApeCoin community overwhelmingly supported the proposal, with 91.68% voting in favor. The remaining 8.32% of voters opposed the measure.

According to the proposal, D3 will lead the technical and operational aspects of the .APE TLD, including managing the namespace and providing support to users. ApeCoin DAO will be responsible for co-marketing the TLD and generating revenue through the sale of APE name tokens and other monetization strategies. The gross revenues generated from these activities will be split 50-50 between ApeCoin DAO and D3.

The proposal emphasizes the potential financial benefits of owning a TLD, stating that it could "generate multi-million dollars in annual revenue."

The total cost of the .APE acquisition process is estimated to be three million ApeCoin (APE). D3 will incur ongoing technical and operational costs, while ApeCoin DAO will contribute to co-marketing efforts.

The launch of the .APE TLD is expected to provide numerous advantages to the ApeCoin community, including:

• Enhanced brand identity: The .APE TLD will serve as a unique and recognizable online identifier for the ApeCoin ecosystem, allowing users to easily establish their affiliation with the community.
• Increased visibility: The .APE TLD will increase the visibility and discoverability of ApeCoin-related websites, applications, and services.
• Improved user experience: The .APE TLD will provide a seamless and intuitive way for users to access ApeCoin-related content and services online.

The ApeCoin community's decision to register the .APE TLD is a testament to its commitment to innovation and the adoption of Web3 technologies. The TLD will play a vital role in shaping the future of the ApeCoin ecosystem and providing users with a secure and accessible platform for interacting with the community.

About ApeCoin

ApeCoin is an ERC-20 token that serves as the native cryptocurrency of the ApeCoin decentralized autonomous organization (DAO). The DAO is a community-governed organization that oversees the development and governance of the ApeCoin ecosystem, including the .APE TLD.

About ICANN

The Internet Corporation for Assigned Names and Numbers (ICANN) is a global non-profit organization responsible for coordinating the management of the Domain Name System (DNS). ICANN is responsible for allocating and managing top-level domains (TLDs), such as .com, .org, and .net.

About D3

D3 is a leading provider of Web3 domain services. The company offers a range of solutions, including domain registration, management, and consulting. D3 has partnered with numerous organizations, including ApeCoin DAO, to develop and manage Web3 domains.