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Cryptoknowmics 2022-05-26 07:25:15

Avalanche Looks to Onboard ApeCoin and Proposes “Otherside” Launch on Its Subnet

The Avalanche core team has proposed to the ApeCoin DAO that the “Otherside” Metaverse moves to the Avalanche blockchain, according to Colin Wu. The plan is still being debated in its early phases. ApeCoin would be fantastic as an Avalanche subnet, and benefit from the superior performance of its dedicated chain on the fastest consensus protocol. And the coin would have an additional use case that would help its market and regulatory stance. — Emin Gün Sirer? (@el33th4xor) May 24, 2022 Emin Gün Sirer, CEO of Ava Labs, affirmed Avalanche’s interest in influencing ApeCoin DAO. Sirer shared the link to the concept on Twitter, writing, “ApeCoin would be wonderful as an Avalanche subnet, and benefit from the higher performance of its dedicated chain on the quickest consensus system.” Philip Liu Jr., Avalabs’ chief of strategy, also indicated an interest in using Avalanche as a subnet. Yuga Labs, a major donor to ApeCoin DAO, complained about Ethereum’s network congestion and increasing gas fees during the mint sale of its “Otherside” Metaverse land NFTs last month. It also showed an interest in creating its own blockchain to meet scalability needs. In a viral Twitter thread, Yuga Labs hinted at a possible ApeCoin move, “encouraging” APE holders’ decentralized autonomous organization (DAO) to investigate it. Yuga’s ecosystem would be able to operate on its own subnet in the event of an Avalanche migration, wh...

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