Forj, a subsidiary of Animoca Brands Corporation Ltd and a leading name in Web3 technology, officially launched the $APE Accelerator on October 17, 2023.
This community-driven Web3 accelerator aims to advance projects that add value and utility to the ApeCoin ecosystem.
Fortifying the system
It is funded by ApeCoin's decentralised autonomous organisation (DAO) and opens applications for its first cohort of projects.
With the goal of fortifying the ApeCoin ecosystem, the accelerator offers successful applicants the opportunity to introduce their Web3 business ideas to an ApeCoin community of over 200,000 members.
The move comes following the approval of AIP-209, a proposal under the ApeCoin DAO's Idea Proposal (AIP) system.
Holders of APE tokens will also have the chance to back approved projects through the APE Launchpad by purchasing non-fungible tokens (NFTs) and other tokens, in addition to voting on future project proposals.
Forj CEO Harry Liu said: "Today marks the beginning of a step change in innovation for the ApeCoin community. $APE Accelerator welcomes Web3 founders to apply now and join us in our mission to take the ApeCoin ecosystem to new heights."
Animoca co-founder and executive chairman Yat Siu said: "Community-driven initiatives such as $APE Accelerator capture the very ethos of Web3 entrepreneurship, and put ApeCoin holders in the driving seat of innovation for the ecosystem they’re a part of.
“$APE Accelerator provides us with a roadmap for the future of online ecosystem growth, and we eagerly await the exciting new projects that will emerge from this program."
About Forj
Forj is at the forefront of fan engagement through its offerings in Web3 products and technologies, which include NFTs, metaverse protocols, and blockchain technology.
With partnerships spanning across multiple sectors such as music, entertainment, and gaming, Forj has established itself as a pivotal player in the industry. It owns brands like the ApeCoin launchpad, $APE Accelerator and metaverse infrastructure project Metaprints.