Immutable, an Ethereum-based layer 2 NFT scaling platform, has submitted a proposal to the ApeCoin DAO to develop the popular Bored Ape Yacht Club (BAYC) metaverse project Otherside on its blockchain network.
Otherside Metaverse on Immutable X
Citing scalability, free transactions and a carbon-neutral environment, Immutable said the move meets the needs of APE token holders. Following the proposal, Immutable co-founder Robbie Ferguson commented,
“ApeCoin is a testament to the strength of the Ethereum community, developer network and security. Its future should exist on Ethereum, the layer 2 where its core users and community reside. We believe Immutable X is the Bored Ape Yacht Club’s Otherside metaverse project the perfect solution and will dedicate a lot of resources to building it together with the community.”
Before ImmutableX, Ava Labs proposed Yuga Labs’ Otherside Metaverse game and ApeCoin to consider launching the Metaverse project on the Avalanche subnet.
The plan involves migrating Otherside to an ethereum competitor’s subnet to “significantly increase the speed of finalization while reducing gas fees, and enhance the user experience.” Additionally, Avalanche revealed that the ApeCoin community has access to a dedicated support platform $290M incentive program for users and development costs.
Crash on the other side
A month ago, the highly anticipated Yuga Labs virtual land sale threw the ethereum network into chaos. The NFT mint on Otherside has indeed managed to revive the DeFi sector after a cool off period of over a month.
In fact, Otherdeeds generated more than $300 million in revenue from just one sale. It also drove NFT marketplace OpenSea to its best secondary trading day ever. However, the record sale drew a lot of criticism from industry insiders as unprecedented ethereum fees sparked confusion among buyers.
In response, its maker, Yuga Labs, suggested that the APE ecosystem should migrate from Ethereum’s mainnet to a dedicated blockchain to minimize future drops in fees.
Even as it apologized for the incident and said it would refund gas fees to users whose transactions failed, not everyone was happy with the company’s handling of the Otherside Mint and its response to the fallout. Many have pointed out that code fixes could reduce gas costs, but the lack of gas-optimized smart contracts for minting is a major blunder.
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