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Yat Siu, CEO of Animoca Brands, gave a clear timeline detailing the current ApeCoin staking challenges

Yat_Siu,_CEO_of_Animoca_Brands,_gave_a_clear_timeline_detailing

Yat Siu, CEO of Animoca Brands and a pioneer in the Web3 industry, gave a rough calendar defining ApeCoin’s and the community’s existing staking limits. The operation is split into three and a half months, as shown in the graph below. The graph also shows the estimated completion dates for each phase, as well as the money split among the team.

Yat_Siu,_CEO_of_Animoca_Brands,_gave_a_clear_timeline_detailing

APEcoin is gaining traction

The most recent proposal comes fewer than two weeks after $Ape investors rejected proposals 4 and 5. While the concept seems to be more manageable for the community, many people consider the 14-week method is overkill in contrast to the more practical options that are presently available. However, given Animoca’s history, the team will devote as much time as necessary to provide a useful product to their community. Yat Siu’s timeline also contained a drawing of the UI interface. While the UI interface might take up to three months to create, it will be deployed with the staking capability.

Yat_Siu,_CEO_of_Animoca_Brands,_gave_a_clear_timeline_detailing

The creation of Web3 applications and NFT ventures worth millions of dollars was a rogue wave that shook the financial system to its core. Unfortunately, when NFTs became popular, many people mistook the idea of thousand-dollar paintings for a joke or an easy way to get money. As a consequence, NFT marketplaces were quickly filled with pointless firms and scams, strangling an ecosystem that had great potential. Nonetheless, despite the torrent of money grabs and bungled collections, many people adapted to and overcame the ever-changing environment that fosters progress and opportunity for many. Yuga Labs’ bright minds and communities continue to produce the one-of-a-kind game-changing solutions that the Web3 environment necessitates.

About Humano

He is a freelance writer based in Turkey. He loves NFTs, football, film and technology.

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