BAY•C

One of the novelties in sentiment right now is how an actor with a demonstrated track record of deploying resources can meaningfully grow a token's size and reach. This is in contrast to the challenges that DAOs have historically faced. The latest runner signals pent up demand and maybe even a shift in sentiment: away from pure decentralization in the disbursement of resources, and toward decentralization in the actual building of the network. I’m currently reworking @apecoin, similar to how I've recently worked on turnarounds for BAYC and Otherside. This topic is on my mind. A related effect: well-run protocols and apps put their own attention and weight behind winners to amplify them. We saw this with Phantom and Solana supporting Ansem. Imagine Ethereum supporting the collectibles that brought so much retail use to its network. In that spirit, I think it’s important that we identify and back clear winners on ApeChain. @apechurch is one of them. Looking at the numbers onchain (defillama), it is the #1 app in its class by fees on any chain, the clear winner among apps built by our community. We need to get behind it at a protocol level. I learned in Shanghai: there’s real interest in Ape Church, but the House needs to be bigger to scale. So today we’re allocating 4 million $APE to the Ape Church House. Ape Church was already the #1 app in its class by fees, but by the end of the day it will also be #1 by TVL, further empowering them to win. I think about this diagram from @cdixon's book a lot. We sit on a ton of @apecoin and its value also scales as the token grows. There's a lot of people in our ecosystem putting in the work that gets results. Expect to see more support flowing towards those that are actively growing the network. ape szn

Congrats to @nodefnd @mickymalka @beeple for putting together this show. Appreciate all that you’re doing for the space. Bay Area @BoredApeYC gonna turn up tonight 🦍🦍🦍