A collaboration between Horizen Labs, Offchain Labs, and the Arbitrum Foundation aims to bolster the apecoin (APE) ecosystem through the development of a dedicated blockchain, Apechain. Envisioned to leverage Arbitrum technology and governed by Apecoin DAO, the teams believe this initiative represents a significant step toward expanding the utility and reach of apecoin.
Horizen Labs and Partners Pitch Apechain Proposal for Apecoin DAO Evolution
Apechain, as proposed, is set to be a dedicated chain for the apecoin (APE) community, developed using Arbitrum technology. Spearheaded by Horizen Labs, Offchain Labs, and the Arbitrum Foundation, this initiative aims to enhance the value proposition of the APE ecosystem.
“We believe that leveraging Arbitrum’s market-leading technology will best position Apechain to succeed as an independent governed chain in the Ethereum ecosystem,” the proposal says.
The recommendation, envisions Apechain as a cornerstone of the Ape brand, with APE as i
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