Odaily News The Snapshot governance page shows that the proposal initiated by Animoca Ventures, the early venture capital arm of Animoca Brands, to establish ApeCoin Ventures in the ApeCoin DAO community has been voted through, with a voting result showing an approval rate of 84.27%, which means that ApeCoin DAO will invest $5 million in APE tokens, and Animoca Ventures will provide $5 million in fiat currency for a 1:1 match, to jointly establish an investment fund with a total size of $10 million. The fund will focus on investing in early Web3 projects in the seed and A round stages, giving priority to projects that can integrate APE tokens into their ecosystems.