AIP-545: Beyond the NFT: Renewal of NFT Lab Magazine’s Plan for Empowering ApeCoin’s Global Community

PROPOSAL DESCRIPTION

NFT Lab Magazine is a well-established physical publication that has distributed over 40,000 magazines through 8 issues across 1,200 locations, reaching over 50,000 readers. After a year of operation, we learned that producing a magazine once a month is not feasible due to the rapidly changing market and the voluntary nature of community content contributions, which can lead to delays. To adapt, we have successfully shifted to bi-monthly editions with thicker pages (72-96 pages), enhancing the magazine’s prestige and allowing for more comprehensive content collection.

Building on the success of our previous AIP-314, which was well-received by the community, we are proud to announce that we have produced two years of Apefest editions. This proposal aims to continue promoting ApeCoin and Yuga ecosystem news and projects to both our existing audience and beyond. Our strategy includes generating content that spotlights community projects, ApeCoin DAO news, and Yuga initiatives, while also allowing communities such as MBA, Mocaverse, Pudgy Penguins, Azuki, Thank Ape and GWG to contribute contents upon selection.

We are excited to announce a partnership with TIMEOUT Portugal 2024 | Ultimate Guide To Where To Go, Eat & Sleep in Portugal | Time Out, which operates in 108 cities across 39 countries and has a global audience reach of 242 million across all platforms. This collaboration opens up possibilities for NFT Lab Magazine to be present worldwide for every Apefest in the near future. Its a remarkable milestone for a magazine that’s only 1 year old.

Additionally, we will introduce international shipping for a limited number of physical copies to our content providers, enabling them to promote their products and services globally through a tangible show-and-tell approach. Furthermore, we plan to implement token-gated content using ApeChain and $Ape, allowing exclusive access to our community and enhancing engagement.

Our online versions (as promised from AIP-314) are already available on multiple Asian news platforms such as “blockchain of the day”

https://botdnews.com/category/article/nftlab/

and as free downloadable e-books on the “Likerland” media platform.

By enriching the ApeCoin and APECHAIN ecosystem and utilizing token-gated content, we aim to drive mass adoption and potentially increase the value of $Apecoin and Yuga collections.

BENEFIT TO APECOIN ECOSYSTEM:

Currently, ApeCoin primarily revolves around Yuga Labs NFTs and their upcoming Otherside metaverse, but by promoting new use cases through NFT Lab, we can accelerate adoption for more real-world applications and mainstream acceptance in Asia. We will also promote other approved AIPs, MBAs and Apechain Dapps/Memes including becoming an official mentor and collaboration partner with the aid for physical exposure for other projects.

OVERALL COST

Total amount requested from the ApeCoin Ecosystem Fund = $168,000.

We are requesting $168,000 paid in $APE to support NFT Lab’s operations and expansion for one year. This increase from last year reflects a miscalculation on our part, (however, we continued to keep our promised delivery from our own pocket last year), as we learned from our previous operations. We also faced the loss of a printer sponsor, a significant drop in the value of $APE. for this term , the added costs of apechain implementation, token gated contents , international shipping and overseas collaborations.

Two tranches of funding have been requested:

1. $98,000 of the total upon approval.
2. $70,000 Five months later (when 3rd edition is ready to be published)

We appreciate your understanding and support as we strive to improve and continue our mission.

PROPOSAL

Link to the full proposal: (https://forum.apecoin.com/t/aip-545-beyond-the-nft-renewal-of-nft-lab-magazine-s-plan-for-empowering-apecoin-s-global-communitya/26543)

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.