The Meebits NFT community is about to get a major boost thanks to a new announcement from Apecoin DAO. As per the latest statement, Apecoins DAO will be giving 13,000 APECoin to the community in the form of microgrants.
How the Microgrants Will be Given
These funds will not be distributed all at once to the Meebits community. Instead, it will be given in three waves, all of which are geared towards further developing the community. Furthermore, proposals for how the grants can be applied will be accepted even from those outside of the community.
To get accepted, these proposals will be voted on by the community and those with the highest votes will receive their funding through Prop.house, which is associated with the Nouns DAO. As per reports, these grants are to serve two major purposes.
First, they will be used to develop the utility of the Meebits NFTs. Utility is a big deal in the NFT community these days and as the industry matures, there is more emphasis on assets having a practical use. Second, the grants are being disbursed in the form of APECoin which is meant to increase the use of the token.
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Tokoni Uti has written extensively on blockchain and cryptocurrency for years. Her work has appeared on sites like BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.