Machi Proposes 11M $APE Sends NFTs to Museums Worldwide

Share This Post

An intriguing week-long vote surrounding OG NFTs kick-started today! Machi Big Brother, an NFT titan, has proposed 11 million $APE to acquire diverse blue-chip digital collectibles — Bored Apes, CryptoPunks, and Mutant Apes, among others — to spotlight in international museums.

Quick Takes:

  • Machi has proposed 11 million $APE purchases a variety of blue-chip NFTs.
  • The OG NFTs will feature in museums worldwide if the proposition goes ahead.
  • Hindering selling pressure, $APE donors will receive a new token called $DAM.

The Weight Behind Machi’s $APE Proposal 

Suppose Machi’s new plan for NFTs to hit international museums gets the nod of approval, $APE holders will receive a new token called $DAM in return for giving up their ApeCoin — a likely strategy to counteract selling pressure. 

Moreover, the pitch assures that at least 50% of the funds will be utilized in the initial year and emphasizes a commitment to transparent and fair practices. As such, it notes that Machi will not partake in direct investments. Considering some Web3 enthusiasts don’t favor the NFT mogul, it’s a point worth mentioning:

Nonetheless, if Machi’s plan goes ahead, the reputation and prominence of $APE and NFTs will likely skyrocket. Holders of the assets chosen to showcase in the museums will also have a say in their collectibles’ future, garnering more trust surrounding this initiative.

The ultimate vision for the project is far-reaching and vast. From organizing the collection to hosting exhibitions in iconic galleries worldwide, Machi’s proposal may be an NFT game-changer. Considering that votes are now in full swing, next week’s outcome will be interesting (if nothing more).

Subscribe to the NFT Lately newsletter to receive news covering the latest NFT-related drops, releases, reviews, and more.


Related Posts

Void 2122 to Unlock a New Era of Combat Card Gaming with NFTs

The pioneering force in the Web3 landscape, Void 2122,...

Magic Eden Adopts Solana’s Compressed NFTs

Magin Eden, the distinguished NFT marketplace, recently announced its... Returns With Surging NFT Trading Volumes, the decentralized social media app, has shown an...

CoinMarketCap and HELLO Labs to Premiere TV Series, Killer Whales

An official trailer for the Web3 television series 'Killer...

Italian Luxury Watch Brand Panerai Introduces Digital Passports Generated with NFT

Italian luxury watch manufacturer Panerai has revealed plans to include an...

Related Posts

The History of Bitcoin NFTs – A Step-by-Step Timeline

With recent hype surrounding Casey Rodarmor's release of open-source...

Top 10 NFT Marketplaces to Look Out For and Why

How numerous NFT marketplaces make hunting for digital collectibles...

The Ultimate Guide to NFT for Dummies [2022 Guide]

NFTs are collectible items that can represent digital content,...

CoinGecko vs CoinMarketCap: Which Is The Better Crypto Tracker?

CoinMarketCap and CoinGecko are two of the most popular...

The Ultimate Sandbox Review [Crypto NFT Guide for 2022]

The metaverse may be the most important concept of...