pecoin Integrates With Polygon, DAO Board Member Says Native APE Chain Was Never Discussed

Apecoin Integrates With Polygon, DAO Board Member Says Native APE Chain Was Never Discussed

Apecoin Is Now Supported by Polygon, Apecoin DAO Board Member Says Separate Apecoin Network Proposal Would Need to Use the AIP-1 Process

Three days ago, Bitcoin.com News reported on the Bored Ape Yacht Club-centric Otherside metaverse land sale which has been the largest NFT collection in terms of sales during the last seven days.

Week-long statistics from cryptoslam.io show Otherdeed has seen $721,337,124 in sales to date. Moreover, the crypto token apecoin (APE) and its transactions during the sale, pushed ether gas fees significantly higher during the metaverse deed sale.

The Bored Ape Yacht Club (BAYC) creators, Yuga Labs, said at the time that it “seems abundantly clear, that Apecoin will need to migrate to its own chain in order to properly scale.” However, instead of a separate Apecoin network, the token built on Ethereum is now integrated with Polygon and an Apecoin DAO board member .

1/ Following the @OthersideMeta mint we saw a series of reactions & discussions in & around the @apecoin community including that $ape should move to its own chain to limit issues with gas fees & scaling. Let me step back and provide some clarity & context https://t.co/FdgznVeMr8

— Yat Siu (@ysiu) May 3, 2022

Apecoin DAO board member Yat Siu stressed: “no discussion was had either at the [Apecoin] board level or with any other parties (including [Yuga Labs]) of a possible apechain; this is a completely new idea to us.” Yat Siu further added:

As with all [Apecoin] DAO initiatives, any decision to consider building a chain can only be done with the consent of the [Apecoin] community through [AIP-1: DAO proposal process]. Various L1 & L2s have signaled that they will submit a proposal to the DAO.