Avalanche invited ApeCoin DAO to subnet the Otherside metaverse
This Monday, Avalanche (AVAX) submitted a proposal to the ApeCoin DAO forum to convince the community to subnet the Otherside. ApeCoin DAO is the ultimate ApeCoin token (APE) management entity, and Others are the metaverse of Yuga Labsusing APE as its currency.
ApeCoin will be unique as a subnet of Avalanche, and will benefit from greater performance in its dedicated chain of the fastest consensus protocols. And the coin has an additional use case that will help its market and regulatory stance.https: //t.co/UxI2eo3vx9
– Emin Gün Sirer🔺 (@el33th4xor) May 24, 2022
Subnets are a set of blockchains, that is comprising the Avalanche ecosystem. By compartmentalizing network flows, they allow great scalability and thus ensure fast execution of transactions. Ava Labs, the entity that developed Avalanche, also pledged to the ApeCoin community technical support for setting up this subnet.
Such migration would also allow the project to qualify for the Multiverse funding program, which allocates $ 290 million to develop subnets.
This change can also cause a severe reduction in transaction costs. Others also completely squeezed the Ethereum (ETH) network at the time of the sale of its lots. The event raised the cost of a transaction to several thousand dollars on the night of April 30 to May 1.
👉 To proceed – Find our guide to the Bored Ape Yatch Club (BAYC) APE token
An invitation that may never happen
The possibility of the Otherside and the ApeCoin community joining the Avalanche ecosystem is interesting, but there is nothing of an old conclusion. First, Otherside was created by Yuga Labs, hence ApeCoin DAO can only affect the life of the signwhich is just one of the many components of this metaverse.
In addition, part of the community strongly opposes the integration of a subnet and prefers to move to a different layer 2 solution in the Ethereum blockchain. Some, on the contrary, believe that the idea is reasonable and that paying the APE network fee on a subnet will increase the value of the token.
Currently, opinions are therefore shared on the ApeCoin DAO forum. This proposal is only available at the discussion stage and to each member of the community bring your point of view.
Either way, this is generating an interesting thought, as play-to-earn and various blockchain solutions grow. In fact, we see it here a political gamewhere each ecosystem will try to attract potential hits to its network.
👉 Involved – Land in the Otherside metaverse sold for $ 1.6 million
Source: ApeCoin Forum
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