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ApeCoin DAO allows Yuga Labs to talk up the virtues of decentralization while also enjoying the benefits of centralization, such as collecting all the profits (Casey Newton/Platformer)


Casey Newton / Platformer:

ApeCoin DAO allows Yuga Labs to talk up the virtues of decentralization while also enjoying the benefits of centralization, such as collecting all the profits  —  Tokens like the new one from Bored Ape Yacht Club promise to decentralize the web.  So why are insiders reaping most of the profits?


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