Apecoin Integrates With Polygon, DAO Board Member Says Native APE Chain Was Never Discussed

Following one of many largest non-fungible token (NFT) mints in historical past and after apecoin transactions from the sale fueled Ethereum community charges, apecoin is now built-in with the Polygon (MATIC) community. On May 2, the Apecoin challenge introduced that with Polygon assist, APE is now obtainable through MATIC’s 19,000 decentralized functions (dapps) and video games.

Apecoin Is Now Supported by Polygon, Apecoin DAO Board Member Says Separate Apecoin Network Proposal Would Need to Use the AIP-1 Process

Three days in the past, Bitcoin.com News reported on the Bored Ape Yacht Club-centric Otherside metaverse land sale which has been the most important NFT assortment when it comes to gross sales over the past seven days.

Week-long statistics from cryptoslam.io present Otherdeed has seen $721,337,124 in gross sales up to now. Moreover, the crypto token apecoin (APE) and its transactions through the sale, pushed ether fuel charges considerably larger through the metaverse deed sale.

The Bored Ape Yacht Club (BAYC) creators, Yuga Labs, said on the time that it “appears abundantly clear, that Apecoin might want to migrate to its personal chain so as to correctly scale.” However, as a substitute of a separate Apecoin community, the token constructed on Ethereum is now integrated with Polygon and an Apecoin DAO board member stated there may not be a separate Apecoin blockchain.

1/ Following the @OthersideMeta mint we noticed a collection of reactions & discussions in & across the @apecoin group together with that $ape ought to transfer to its personal chain to restrict points with fuel charges & scaling. Let me step again and supply some readability & context https://t.co/FdgznVeMr8

— Yat Siu (@ysiu) May 3, 2022

Apecoin DAO board member Yat Siu stressed: “no dialogue was had both on the [Apecoin] board degree or with another events (together with [Yuga Labs]) of a attainable apechain; this can be a utterly new concept to us.” Yat Siu additional added:

As with all [Apecoin] DAO initiatives, any choice to think about constructing a series can solely be performed with the consent of the [Apecoin] group by [AIP-1: DAO proposal process]. Various L1 & L2s have signaled that they are going to submit a proposal to the DAO. Any acquired proposals will undergo the standardized governance course of outlined on the official web site.

Apecoin Taps an All-Time Price High, Apecoin DAO Board Member Mentions Animoca Brands’ Stake in Apecoin Projects

The Polygon integration additionally follows apecoin’s current all-time value excessive on April 28, 2022, six days in the past. APE tapped an all-time excessive in opposition to the U.S. greenback at $26.70 per unit and APE is down 42% since then. Despite the weekly drawdown, APE is up 24% over the past 30 days and it holds the thirty second largest market cap amongst 13,388 cryptocurrencies in existence.

At the time of writing, APE’s market valuation is $4.35 billion and the coin has seen $2.58 billion in 24-hour commerce quantity. The APE market cap represents 0.23% of the $1.84 trillion crypto-economy this week. The Apecoin DAO board member Yat Siu additionally detailed that Animoca Brands is an investor in lots of Apecoin-related L1 or L2s.

“[Animoca Brands] as a major investor in lots of L1 or L2s can even not be voting on any selections of potential L1 & and L2 collaborations by which it has a fabric stake,” the Apecoin DAO board member concluded. Presently, there are 3.9K Apecoin DAO members concerned with the governance course of, in response to apecoin.com stats.

What do you consider apecoin assist on Polygon and the current commentary from Apecoin DAO board member Yat Siu? Let us know what you consider this topic within the feedback part under.