a16z, Animoca Brands, and other launch partners received 14% of the 1B airdropped ApeCoins, which could give them substantial influence over the ApeCoin DAO (Hannah Miller/Bloomberg)

Hanna Miller / Bloomberg:

a16z, Animoca Brands, and other launch partners received 14% of the 1B airdropped ApeCoins, which could give them substantial influence over the ApeCoin DAO— Bored Ape Yacht Club is a wildly popular collection of nonfungible tokens, or NFTs, a status symbol coveted by celebrities, athletes and venture capitalists alike.