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Polygon Labs Proposes ApeCoin DAO to Enable Polygon CDK to Develop Zk-L2 “ApeChain”

On October 11th, Sandeep Nailwal, co-founder of Polygon Labs, proposed a new idea (AIP Idea) on the ApeCoin DAO forum, aiming to promote the collaboration between the ApeCoin community and Polygon Labs to build a dedicated L2 "ApeChain" based on zero-knowledge technology. According to Sandeep Nailwal's proposal, ApeCoin will be developed using Polygon CDK, with a focus on usability and modularity, as well as improving security, reducing costs, high customizability, instant withdrawals, and shared liquidity.

Additionally, the proposal suggests establishing an independent fund in the ApeCoin treasury to promote the development of ApeCoin-related projects and ApeChain-related public services in collaboration with the Polygon ecosystem.

Polygon Polygon $0.46
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Layer2 Polygon Labs ZK
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