The Avalanche core team has recommended to the ApeCoin DAO that the “Otherside” Metaverse move to the Avalanche blockchain, according to Colin Wu tweet. The project is currently in its early phases of development.
Avalanche’s interest in influencing ApeCoin DAO was confirmed by Emin Gün Sirer, CEO of Ava Labs. “ApeCoin would be fantastic as an Avalanche subnet, gaining from the higher performance of its dedicated chain on the fastest consensus protocol,” Sirer commented on Twitter, providing the idea’s link.
Avalabs’ chief of strategy, Philip Liu Jr., has expressed interest in deploying Avalanche as a subnet.
Yuga Labs, a significant contributor to ApeCoin DAO, complained about Ethereum’s network congestion and increasing gas prices during the mint sale of its “Otherside” Metaverse land NFTs last month. It has shown interest in creating its own blockchain to address scalability concerns.
In a viral Twitter thread, Yuga Labs then hinted at a possible ApeCoin migration, “encouraging” APE holder’s decentralized organisation (DAO) to investigate it. Yuga’s ecosystem would be able to operate on its own subnet in the event of an Avalanche move, which is a technique that allows a single application’s transactions to be separated without cluttering the larger network.
Avalanche, a Layer 1 blockchain, positions itself as a faster and less costly alternative to Ethereum. Individual applications may also construct their own blockchains, called subnets, that sit on top of the main network using Avalanche. Avalanche pledged $290 million in March to the development of subnets. However, this is still in its early phases.
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