AIP-515: The Public Bored - Phase 2, Take 2 (Resubmission)

madebyapesvote.eth delegation

Live AIPs that went up for vote this week in the ApeCoin DAO have been duplicated on the Made By Apes Snapshot. Each proposal requires a 10% quorum of valid wallets in order for it to pass. If quorum is reached on a proposal, then all $APE delegated to madebyapesvote.eth will be cast in favor of the majority vote. Votes are limited to once per wallet per proposal. For more info: https://x.com/BoredApeYC/status/1841584023245635961

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Proposal Description

This AIP aims to increase the size of the DAO treasury by equity participation in a scalable business model founded by active ApeCoin & Mocaverse community members with successful track records. This initiative aims to onboard new members into the DAO, providing exposure to the ApeCoin and Mocaverse ecosystems for venture capital and consumer markets.

The Public Bored intends to simplify content display on any digital billboard, akin to sending a tweet. Discovering industry pain points through prior business ownership, our model creates a marketplace similar to Airbnb, targeting $100M ARR by expanding to 20 cities.

Watch Our 2-Minute Pitch:
This Week in Startups - 4:32 mark

Timeline of Historic Events & Accountability Reporting

• Original Forum Posting: AIP-383: The Public Bored - MVP Launch
• Snapshot Vote: Snapshot 2
• First Progress Update: Implementation Update | AIP-383
• Second Progress Update: Transparency & Accountability Update
• Third Progress Update: Accountability Update #3

Build with $APE & Welcome to ApeCoin Spaces

Our “Build with $APE” page has seen over 500 engagements from 6,600+ visits. We are currently onboarding these individuals into the ApeCoin DAO.

Visit the Build with $APE Page

Benefit to ApeCoin Ecosystem

Equity and Investment Terms:
The DAO will receive a 2.5% equity stake. The goal is to exceed a $1B valuation, aiming to return ~$25M to the DAO.

Royalties:
20% revenue sharing from AIP-383 will continue until funds are fully returned to the DAO.

Free Display Space:
Reserved space for the ApeCoin DAO and partner networks, including ApeCoin holders and various Ape groups.

Pay with $APE Incentives:
Bonus display time for payments in $APE.

Ecosystem Recruitment & Onboarding:
Continued expansion of the Build with $APE page and X platform for ApeCoin spaces.

Overall Cost

Total funding requested: $250,000 in $APE
15-Month Budget Allocations:

• Technology Development: $65k
• Core Team Staffing: $135k
• Marketing & Sales: $32.5k
• Miscellaneous Expenses: $17.5k

Funding Tranches:

• Q4 2024: $92,500
• Q1 2025: $37,500
• Q2 2025: $60,000
• Q3 2025: $60,000

Proposal

Link to the full proposal

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The AIP implementation is overseen by the Ape Foundation, with possible adjustments for security and usability. Any major deviations will be disclosed.