Polygon, a layer 2 scaling platform, now accepts ApeCoin (APE), making it available to over 19,000 decentralised apps (dApps) and games globally. The famous Yuga Labs is behind the ApeCoin which has earlier created the Bored Ape NFT series.
gm @apecoin💜#ApeCoin is now available for 19,000+ dApps and games on the #Polygon ecosystem!🔥 pic.twitter.com/OJfKGuoOvT
— Polygon – MATIC 💚 (@0xPolygon) May 2, 2022
Polygon expands network with 19,000 dApps
According to information, Polygon has also reached a new adoption milestone with more than 19,000 decentralised apps (dApps) operating on its network. It represents a 500% growth from 3,000 dApps in October 2021.
ApeCoin
The APE token is currently trading at $15.39, with an intraday low of $14.21 on May 2. APE is presently the 30th most valuable asset in terms of market capitalization, with all-time highs of $40 reached on March 17.
Yuga Labs’ record NFT sale
Following Yuga Labs’ record NFT sale, the corporation stated the following in a Twitter update:
“This has been the biggest NFT mint in history by many multiples, and yet the gas utilised during the mint demonstrates that demand was much beyond anyone’s estimates. The magnitude of this mint was so big that Etherscan crashed. We apologise for briefly shutting out the lights on Ethereum.”
We wanted to say a few words about the mint tonight. 🧵
— Yuga Labs (@yugalabs) May 1, 2022
Yuga Lab also informed that the ApeCoin may need to migrate to its chain in order to expand effectively, as Ethereum was unable to handle the massive buying volume.
On April 30, an online auction of Otherdeeds’ NFTs raised around $285 million in cryptocurrency. Only ApeCoin could be used to purchase Otherdeeds NFTs. These NFTs could then be swapped for virtual land plots in a future Bored Ape-themed Metaverse named Otherside. Otherdeeds were offered for 305 ApeCoin apiece and were quickly sold out.
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