After one of the largest non-fiat token mining (NFT) in history and after apecoin transactions from sales fueled Ethereum network charges, apecoin is now integrated into the Polygon network (MATIC). On May 2, the apecoin project announced that thanks to Polygon’s support, apecoin is now available through 19,000 decentralized applications (dapps) and games on the MATIC network.
Apecoin is now supported by Polygon, Apecoin DAO board member says a separate Apecoin network offering should use the AIP-1 process
Three days ago, Bitcoin.com News reported on the land sale of the Bored Ape yacht-centric Otherside meta-unit, which was the largest NFT collection in terms of sales in the last seven days.
Weekly stats from cryptoslam.io show that Otherdeed sold $721,337,124 in sales to date. Moreover, the apecoin cryptocurrency token (APE) and transactions with it during the sale have significantly increased the ether gas commission during the meta sale.
The creators of the Bored Ape Yacht Club (BAYC), Yuga Labs, stated at the time that “it seems quite obvious that Apecoin must move to its own chain in order to scale properly.” However, instead of a separate Apecoin network, the token built on Ethereum is now integrated into the chain. integrated with Polygon and an Apecoin DAO board member said there may not be a separate Apecoin blockchain.
1/ After After @OthersideMeta mined, we saw a series of reactions & discussions in the & community @apecoin community, including that $ape should move to its own chain to limit the scaling issues with gas fees &. Let me take a step back and provide some & clarity on the context https://t.co/FdgznVeMr8
– Yat Siu (@ysiu) May 3, 2022
Apecoin DAO board member Yat Siu stressed: “neither at the [Apecoin] board level nor with other parties (including [Yuga Labs]) has there been any discussion about a possible apechain; this is a completely new idea for us.” Yat Siu further added:
As with all [Apecoin] DAO initiatives, any decision to create a chain can only be made with the consent of the [Apecoin] community through [AIP-1: DAO proposal process]. Various L1 & L2 signaled that they would submit an offer to the DAO. Any proposals received will go through the standardized management process described on the official website.
Apecoin hits record price high, Apecoin DAO board member mentions Animoca Brands stake in Apecoin projects
Polygon integration also follows apecoin’s recent all-time price high on April 28, 2022, six days ago. APE hit an all-time high against the U.S. dollar at $26.70 per unit, and APE has been down 42% since then. Despite the weekly drawdown, APE is up 24% in the last 30 days and ranks 32nd in market capitalization among 13,388 existing cryptocurrencies.
As of this writing, APE has a market value of $4.35 billion and a 24-hour trading volume of $2.58 billion. APE’s market value is 0.23% of the $1.84 trillion crypto economy this week. Apecoin DAO board member Yat Siu also detailed that Animoca Brands is an investor in many related Apecoin L1 or L2.
“[Animoca Brands] as a significant investor in many L1 or L2 will also not vote on any potential L1 & and L2 collaboration decisions in which it has a significant stake,” the Apecoin DAO board member concluded. Apecoin DAO currently has 3,900 members involved in its governance process, according to apecoin.com statistics . .
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