According to PANews, the ApeCoin DAO community recently voted in favor of a proposal to create an NFT Launchpad supported by APE, with a final approval rate of 88.69%.

The proposal aims to establish an NFT Launchpad that uses APE as currency to mint NFTs on the ERC-20 network. This platform will provide creators with a place to mint, display, and trade their NFTs, thereby increasing the utility and adoption rate of Ape as a token.