Abstract: As Yuga Labs continues to capture further NFT market share as they develop "The Other Side", Moshi Mochi sees an opportunity in gaining exposure to the Yuga ecosystem. The initial Land Sale drop will enable willing projects to participate in a rapidly growing Metaverse. While not all Moshi Mochi holders have the means to participate in the Yuga ecosystem at an individual level, we feel that leveraging community funds will benefits our holders as they will receive access to a gated and sought after product. The first step to achieve this is acquiring $APE coin.
Proposal: Authorize the community wallet to invest up to 10 ETH into $APE coin. The total $APE allocation will be distributed using the following method:
All prior committed Metaverse investments (WorldWideWebb) will still be proceeded with as these are short-term utilities that we are excited to continue exploring. Long-term, the Yuga ecosystem based on the recent round of funding is positioned to prosper and Moshi Mochi will have a jumpstart on building out utility based on Yuga's developments.