Hold on to your bananas, because ApeCoin DAO is going ape in Thailand! The Decentralized Autonomous Organization (DAO) behind the Bored Ape Yacht Club's cryptocurrency just approved a wild proposal: an ape-themed hotel in the heart of Bangkok.
The $3.6 million project, dubbed AIP-448, aims to boost ApeCoin's (APE) visibility and generate revenue for the DAO. Imagine walking into a lobby decorated with ape art, chilling at an ApeCoin bar, or even taking a dip in an ape-vibes pool (whatever that means).
The proposal received a whopping 92% approval rate from the ApeCoin community, showcasing their enthusiasm for the unique venture. While details are still fuzzy, the hotel is expected to feature prime real estate in downtown Bangkok and share a portion of its revenue with the DAO.
This audacious move has sparked mixed reactions. Some see it as a creative way to promote ApeCoin, while others raise concerns about the hotel's viability and potential for kitsch.
Regardless, the ape-themed hotel injects a dose of eccentricity into the crypto world, and its success (or failure) will be a story to watch.
July 2024, Cryptoniteuae