2 years ago
ApeCoin DAO committee subordinate Yat Siu said that determination is presently "no discussion" regarding an exclusive concatenation for APE.
ApeCoin (APE) announced its integration with Ethereum (ETH) sidechain Polygon aft the caller Yuga Labs’ Otherdeeds nonfungible token (NFT) minting incidental that led to speculation connected a caller concatenation for APE.
One of the world's largest Web3 ecosystems, @0xPolygon present supports ApeCoin making it disposable for 19,000+ dApps and games crossed the board! https://t.co/vUoGTAfqkl
— ApeCoin (@apecoin) May 2, 2022On Sunday, Yuga Labs, the creators of the Bored Ape Yacht Club NFT collection, opened the minting for Otherdeeds NFT land. The driblet gained overwhelming enactment from its community, with an estimated $300 cardinal successful sales. Despite this, the driblet encountered a database of issues specified arsenic pushing ETH state fees to unprecedented highs, making users wage astir 2 to 5 ETH for gas.
Because of this, users that failed to mint NFTs but inactive paid ETH state fees were outraged and expressed their frustration done Twitter, with immoderate adjacent tweeting that they are pulling retired of their APE-related investments.
While Yuga Labs promised to refund their gas, immoderate users began to speculate that the nonaccomplishment was a planned selling stunt, highlighting a problem, past announcing a caller concatenation for APE. However, an ApeCoin decentralized autonomous enactment (DAO) typical denies this.
ApeCoin DAO Board Member Yat Siu clarified that this is not the case. While Yuga Labs encourages the DAO to deliberation of migrating to a caller chain, Siu noted that determination was nary treatment among the DAO's committee members nor with different parties astir the anticipation of an APE chain.
Despite the clarification, immoderate are not convinced and are inactive unhappy astir the results of the event. Twitter idiosyncratic MetaMan said that the facilitators of the lawsuit should simply admit that they messed up and that it was a atrocious idea.
I neglect to recognize however this provides clarity. Reads similar further obfuscation.
Why can’t Yuga admit what everyone successful the abstraction knows — they messed up, the astute declaration wasn’t optimized, the KYC free-for-all was a atrocious idea, the archetypal effect blaming Ethereum was absurd.
The lawsuit besides led to the burning of 55,817.39 ETH ($158 million) putting the Otherdeed NFTs astatine the apical of the ETH 7-day pain leaderboard and pushing Ethereum web burn to a caller all-time precocious of 70,000 ETH.
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