According to Foresight News, the ApeCoin DAO community has initiated a proposal for an 'NFT Launchpad backed by APE tokens'. The voting on this proposal is set to conclude on May 2nd. The primary objective of the proposal is to establish an NFT Launchpad that utilizes APE tokens to mint NFTs on the ERC-20 network. This platform would provide creators with a space to mint, display, and trade NFTs. The initiative aims to support the ApeCoin ecosystem by promoting the creation and trading of NFTs, thereby enhancing the utility and adoption rate of APE as a token.