According to the Snapshot governance page, Animoca Ventures, the early-stage venture capital arm of Animoca Brands, initiated the establishment of ApeCoin Ventures in the ApeCoin DAO community. The proposal has been voted and approved. The voting result shows that the approval rate is 84.27%. This means that ApeCoin DAO will invest $500 in APE tokens, and Animoca Ventures will provide $5 million in fiat currency for 1:1 ratio to jointly form an investment fund with a total size of 10 million US dollars. The fund will focus on early-stage Web3 projects in the seed stage and round A stage, giving priority to projects that can integrate APE tokens into their ecosystem.