AIP-324: ApeCoin DAO Governed GameFi Smart Contract Wallet 

ABSTRACT

This AIP aims to build Apecoin DAO smart contract Wallets for GameFi NFts and establish a Lend assets & rewarding vault for the Game community.

Apecoin DAO Wallets wanted to implement active user engagement in a Game community by enabling GameFi Segment with the DAO and smart contract Wallets. With the rise of NFT-based P2E games, it’s crucial to build a community-driven ecosystem for NFT assets management in order to effectively rotate the assets among the active community members to Maximize the NFT DEFI potential.

DAO wallets are structured to exclusively enable active wallets to retain assets for continued participation in the game. On inactivity, The DAO will conduct votes on idle assets to withdraw them from the member wallet into the assets vault, reallocating them to other members. This approach increases NFT scarcity and price in the market which will eventually attract more buyers and investment in the DAO-driven community. Furthermore, the DAO will offer incentives to participating voters, creating a constructive cycle of engagement.

All the DAO processes will run on a predefined set of rules to streamline community governance. Seamless management of NFT assets through the DAO platform sustains the blockchain-based games ecosystem.

BENEFIT TO APECOIN ECOSYSTEM

• Add more value to the ApeDAO (and subDAOs) by adding the lending and gaming structure features
• Bring in the ApeDAO a new fair business model
• Increase the organic participation in the ApeDAO and subDAOs
• Bring in new members to the ape community and effectively grow the community
• Enable a safe and fair lending system to “put at work” all NFTs, thus increasing their use cases, value and market dynamics
• Attract more players to the Ape-related games through the ApeDAOs and large investors and guilds
• Make the ApeCoin ecosystem in general more guild friendly; large investors and guilds would feel more motivated on investing in Ape-related NFTs and projects and bringing their network into the action

OVERALL COST

$520k USD, denominated in ApeCoin.

5-7 x games integration : 180k
ApeDAO Custom features : 150k
Enhanced security : 100k
Maintenance, support, HW, SW, servers: 40k
50: various

NB: the above are average estimated costs, pretty hard to predict exact development working hours and difficulty on integrating the games. The development will be incremental and we prepare the ground for the integration of all future Ape ecosystem games/apps.

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-324-apecoin-dao-governed-gamefi-smart-contract-wallet/17574

The AIP implementation is administered by the Ape Foundation. Implementation may be immaterially or materially altered to optimise for security, usability, to protect APE holders, and otherwise to effect the intent of the AIP. Any material deviations from an AIP, as initially approved, will be disclosed to the APE holder community.