We're humbled by the response to our Ape Accelerator proposal (AIP-209), and we've seen some brilliant questions coming in from the community!
With that in mind, here's a thread answering some of the most common ones 🧵
Q: What makes you best placed to run the Ape Accelerator?
💬The team behind AIP-209 have a long history of Web3 incubation:
◉ Worked alongside @animocabrands on new project due diligence
◉ Launched first major NFT launchpad in 2021
◉ Proven track record of #BAYC IP growth
Q: What are the retail entry requirements for the Launchpad?
💬 Simply put, the DAO will be able to determine specific entry requirements and vote to amend at any time.
In our AIP proposal we've proposed the following tiered approach based on our experience of supply/demand 👇
Q: Are there any #BAYC projects you've helped launch?
💬 There's many projects we've supported either through strategic advisory, incubation, or launching.
@altavagroup is one example, they recently released @Bored_Golf with utilities.
Q: What are the selection criteria? (1/2)
1️⃣ Team: advisable, experienced, resilient, with a track record of contribution.
2️⃣ Product market fit: product is ready to add value to the ecosystem.
3️⃣ Early validation: recognized by community members.
Q: What are the selection criteria? (2/2)
4️⃣ Project Valuation: Fair valuation during a bear market
5️⃣ Added Value to Apecoin: Strong synergy with Apecoin and Yuga IP, contributing strategic value to the ecosystem
Q: How many projects are in the accelerator pipeline?
💬 Forj's pass rate is less than 5% for the initial review stage.
In 2022, only 3 projects were launched in Forj Launchpad, but each one was successful. Currently, we have 5 candidate projects ranging from gaming to music.
Q: Can the ApeCoin community vote on these projects?
💬 After projects submit their proposals, the Ape community can use $APE to vote on whether or not to launch the project on Ape Launchpad.
Q: Do you have any examples of how Forj have supported @BoredApeYC IP growth themselves?
1/2
💬 Absolutely! We have our hugely successful Burgerz Challenge game live with @pixels_online featuring BAYC IP:
🕹 >25k Players
🕹 >45k Burgers Made Per Day
🕹 >50% Retention Rate (20d)
2/2
We famously also launched our @Metaprints Monkeying Around game in @TheSandboxGame, the first major metaverse experience using #BAYC IP.
🕹 >165k Visits
🕹 >45k Unique Players
🕹 >15m Av. Playing Time
More questions? No problem!
Join us on Monday 8pm UTC where we'll be hosting a LIVE Ape Accelerator Q&A with Forj CEO @harry_forj and CMO @Chas_Stanton to run through the proposal in detail.
Set your reminders, and we'll see you there! 👊
twitter.com/i/spaces/1yoJM…
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