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Michael
Michael
Oct 17, 2023
News

Animoca Brands’ Forj Launches Ape Accelerator

The APE token holders would be given the ability to support approved ApeCoin ventures through the Launchpad.
Animoca Brands’ Forj Launches Ape Accelerator

Forj, a web3 technology platform owned by Animoca Brands, has announced the launch of the Ape Accelerator. The innovative hub is a community-led accelerator and Launchpad funded by the ApeCoin DAO. The program has been crafted to champion community-driven Web3 advancements. 

Harry Liu, CEO of Forj, said: 

“We chose to launch on ApeCoin because it has the most collaborative and socially engaged community across Web3.” 

He further explained that the idea is to drive more adoption for the Bored Ape Yacht Club-themed Token, thereby tapping into the hundreds of projects currently running in its community. 

Additionally, starting from the fourth quarter of 2023, innovators can tender their applications to the $APE Accelerator. This is an exclusive opportunity to bring their Web3 business ideas to life. However, the CEO further explained that the focus of this project wouldn’t be on early-stage projects but on currently running tasks. He also added that a threshold has to be reached before these projects are considered eligible. 

A receptive audience within the ApeCoin community with over 200,000 members will serve as a reward to innovators and trailblazers applying for the accelerator. Interested project owners can visit the $APE ppAccelerator to complete their dedicated application form. 

Genesis and Mission of The Ape Accelerator 

The history of the $APE Accelerator can be dated back to the application for and successful approval of the AIP-209. This was an innovative proposal submitted via the ApeCoin DAO’s Idea Proposal (AIP) platform to boost the ApeCoin ecosystem and enhance its utility for holders. 

Consequently, the accelerator was crafted to be double-pronged, consisting of an accelerator and a launchpad. The accelerator part was initiated to follow the traditional startup acceleration models such as tokenomics planning. On the other hand, the Launchpad offers ApeCoin holders the opportunity to support projects from the accelerator. 

Disclaimer: The information provided on this page do not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Individuals should do their own research before taking any actions related to the product they read about and carry full responsibility for their decisions.
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