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

Following 1 of the largest non-fungible token (NFT) mints successful past and aft apecoin transactions from the merchantability fueled Ethereum web fees, apecoin is present integrated with the Polygon (MATIC) network. On May 2, the Apecoin task announced that with Polygon support, APE is present disposable via MATIC’s 19,000 decentralized applications (dapps) and 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 ago, Bitcoin.com News reported connected the Bored Ape Yacht Club-centric Otherside metaverse onshore merchantability which has been the largest NFT postulation successful presumption of income during the past 7 days.

Week-long statistic from cryptoslam.io amusement Otherdeed has seen $721,337,124 successful income to date. Moreover, the crypto token apecoin (APE) and its transactions during the sale, pushed ether state fees importantly higher during the metaverse deed sale.

The Bored Ape Yacht Club (BAYC) creators, Yuga Labs, said astatine the clip that it “seems abundantly clear, that Apecoin volition request to migrate to its ain concatenation successful bid to decently scale.” However, alternatively of a abstracted Apecoin network, the token built connected Ethereum is present integrated with Polygon and an Apecoin DAO committee subordinate said determination mightiness not beryllium a abstracted Apecoin blockchain.

1/ Following the @OthersideMeta mint we saw a bid of reactions & discussions successful & astir the @apecoin assemblage including that $ape should determination to its ain concatenation to bounds issues with state fees & scaling. Let maine measurement backmost and supply immoderate clarity & discourse https://t.co/FdgznVeMr8

— Yat Siu (@ysiu) May 3, 2022

Apecoin DAO committee subordinate Yat Siu stressed: “no treatment was had either astatine the [Apecoin] committee level oregon with immoderate different parties (including [Yuga Labs]) of a imaginable apechain; this is simply a wholly caller thought to us.” Yat Siu further added:

As with each [Apecoin] DAO initiatives, immoderate determination to see gathering a concatenation tin lone beryllium done with the consent of the [Apecoin] assemblage done [AIP-1: DAO connection process]. Various L1 & L2s person signaled that they volition taxable a connection to the DAO. Any received proposals volition spell done the standardized governance process outlined connected the authoritative site.

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

The Polygon integration besides follows apecoin’s caller all-time terms precocious connected April 28, 2022, six days ago. APE tapped an all-time precocious against the U.S. dollar astatine $26.70 per portion and APE is down 42% since then. Despite the play drawdown, APE is up 24% during the past 30 days and it holds the 32nd largest marketplace headdress among 13,388 cryptocurrencies successful existence.

At the clip of writing, APE’s marketplace valuation is $4.35 cardinal and the coin has seen $2.58 cardinal successful 24-hour commercialized volume. The APE marketplace headdress represents 0.23% of the $1.84 trillion crypto-economy this week. The Apecoin DAO committee subordinate Yat Siu besides elaborate that Animoca Brands is an capitalist successful galore Apecoin-related L1 oregon L2s.

“[Animoca Brands] arsenic a important capitalist successful galore L1 oregon L2s volition besides not beryllium voting connected immoderate decisions of imaginable L1 & and L2 collaborations successful which it has a worldly stake,” the Apecoin DAO committee subordinate concluded. Presently, determination are 3.9K Apecoin DAO members progressive with the governance process, according to apecoin.com stats.

What bash you deliberation astir apecoin enactment connected Polygon and the caller commentary from Apecoin DAO committee subordinate Yat Siu? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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