AIP-98: A Community-First ApeCoin DAO Marketplace Proposal - Brand Decision

***This is an ApeFi vote to determine how ApeFi will vote with its ApeCoins. See this tweet for reference: https://twitter.com/ApefiCaesar/status/1570736224448688128

ABSTRACT A community marketplace is a natural next step for the ApeCoin DAO. A successful community marketplace will: drive adoption of $APE through $APE listings, drive traffic to the ApeCoin DAO (apecoin.com), and decrease fees to community members by building a APE-native marketplace with rich ape-specific user experiences. In order to compete this marketplace must be cost competitive with fees in-line with or lower than competitors like X2Y2.

Our marketplace will host all Yugaverse projects in a single marketplace UI, with dramatically reduced fees, keeping $$ in the BAYC ecosystem and improving the marketplace experience for both buyers and sellers.

While we have a lot to share, some notable key features of the marketplace are the following:

Leveraging @reservoir0x’s open-source, on-chain orderbook to increase openness and composability. Aggregated orders from major marketplaces (OpenSea, LooksRare, X2Y2, Sudoswap, and more) to maintain a strong bridge to the rest of the NFT market. Native sales in $APE with no fees to users buying and selling in $APE. A .5% marketplace fee on $ETH listings and a .25% fee in $APE. .25% of all fees will be sent to a community-held multi-sig wallet on a monthly cadence. The use of funds can then be decided in a separate AIP. (more on why later) The .25% from $ETH will be converted to $APE and sent to the wallet. Development of contextual and ape-specific marketplace functionality, such as integration of key BAYC metadata, relation to the Otherside, and more. PROPOSAL Link to the full proposal: https://forum.apecoin.com/t/aip-98-a-community-first-apecoin-dao-marketplace-proposal/8079