Ethereum-based Layer 2 NFT scaling platform, Immutable, has submitted a proposal to the AppCoin DAO to develop the popular Bored App Yacht Club (BAYC) metaverse project Otherside on its blockchain network.
Otherside Metaverse on Immutable X
Citing scalability, no-fee transactions and a carbon-neutral environment, Immutable said the move is in line with the needs of APE token holders. Following the proposal, Robbie Ferguson, co-founder at Irreversible, commented,
“Apecoin is a testament to the strength of Ethereum’s community, developer network and security. Its future should rest on Layer-2 Ethereum, where its core users and community reside. We are confident that the Immutable X Bored Ape Yacht Club’s Otherside Metaverse Project It is the perfect solution for and will provide valuable resources for jointly building it with the community.
Prior to ImmutableX, Ava Labs proposed Yuga Labs’ Otherside Metaverse game and ApeCoin to consider rolling out the Metaverse project on the Avalanche subnet.
The plan includes migrating to an Ethereum competitor’s subnet to “dramatically increase speeds, and enhance user experience, while ultimately reducing gas fees.” Additionally, Avalanche also revealed that the Apcoin community may have access to a $290 million incentive program dedicated to back users and development costs.
The Otherside Debacle
The much-anticipated launch of Era Labs’ virtual land sale a month ago sent the Ethereum network into a tailspin. The NFT mint to land on the otherside did manage to revive the DeFi region that experienced a prolonged cold for over a month.
In fact, Otherdeeds made over $300 million in primary sales alone. This pushed NFT marketplace OpenSea to its best single all-time day of secondary trading. However, the record-breaking sale drew substantial criticism from industry players as unprecedented Ethereum fees caused chaos among buyers.
In response its creator- Yug Labs- suggested That the APE ecosystem should migrate from Ethereum’s mainnet to a dedicated blockchain to reduce fees for future drops.
Even when it apologized for the episode and said it would refund gas fees for users with failed transactions, not everyone was happy with the company’s response to the other Mint’s approach as well as the fallout. was. Many pointed out that code improvements could have reduced gas fees, but the lack of a gas-optimized smart contract for mining was a major casualty.
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