Animoca Brands co-founder Yat Siu initiated the ApeCoin proposal to "create the Sister DAO and NFT community treasury."

ChainCatcher news, Animoca Brands co-founder Yat Siu has initiated the ApeCoin proposal AIP-297, aimed at creating the Sister DAO and an NFT community treasury. The proposal will end voting on September 21, and it currently has over 70% support.

It is reported that the Sister DAO will operate outside of the ApeCoin DAO, requiring members to hold 1 APE; the ApeCoin DAO needs to allocate 750,000 APE to the NFT treasury for purchasing IP.