ApeCoin Community Overwhelmingly Backs '.APE' Top-Level Domain Registration

The ApeCoin community has overwhelmingly approved a proposal to register ".APE" as a top-level domain (TLD) with the Internet Corporation for Assigned Names and Numbers (ICANN). The move is expected to generate millions of dollars in annual revenue for ApeCoin and D3, the Web3 domain specialist handling the registration process.

ApeCoin Community Unanimously Endorses Proposal to Register '.APE' Top-Level Domain

PALM BEACH, FL - April 5, 2024 - The ApeCoin community, representing the cryptocurrency and utility token within the APE ecosystem, has overwhelmingly endorsed a proposal to register ".APE" as a top-level domain (TLD) with the Internet Corporation for Assigned Names and Numbers (ICANN).

Overwhelming Support for '.APE' TLD

With a resounding 91.68% of community members in favor, the proposal garnered an overwhelming level of support. Only a negligible 8.32% of members opposed the move. This strong consensus demonstrates the community's belief in the potential benefits of a dedicated ".APE" TLD.

Partnership with Web3 Domain Specialist D3

The community has partnered with D3, a leading Web3 domain specialist, to lead the charge in registering and monetizing ".APE" as a TLD. D3 CEO Fred Hsu expressed his confidence in the company's ability to execute the project successfully, emphasizing their expertise in offering versatile domains across Web1, Web2, and Web3 platforms.

Estimated One-Year Timeline for Registration

D3 will be responsible for preparing and submitting the application to register ".APE" with ICANN, with an estimated completion timeframe of approximately one year. In addition, D3 plans to create immediate Web3 identifiers for ".APE" users in the form of Ape-linked name tokens.

Monetization and Revenue Sharing

Upon successful registration of the domain, ApeCoin and D3 will enter into a 50/50 revenue-sharing agreement. This agreement will entitle both parties to share in the profits generated from Ape name tokens and ".APE" TLDs.

ICANN's Role and Renewal Process

It is important to note that D3 will not own ".APE" in perpetuity. ICANN allows the registering party to renew their exclusive operational and monetization rights for a given TLD every 10 years. This ensures that the domain remains under the control of a responsible entity and prevents any one party from exercising undue influence over the Web3 landscape.

Conclusion

The ApeCoin community's overwhelming endorsement of the ".APE" TLD proposal underscores their commitment to innovation and the advancement of the Web3 ecosystem. This bold move is poised to enhance the online presence of the APE community, providing users with a dedicated and secure platform for their Web3 activities. As the registration process progresses, the community eagerly anticipates the launch of ".APE" TLDs, which will further empower the ApeCoin ecosystem and contribute to the growth and development of the wider Web3 industry.