Avalanche Submits Subnet Proposal for ApeCoin DAO’s Metaverse Migration

Avalanche (AVAX) developers have asked the ApeCoin (APE) community to consider building out the Bored Ape Yacht Club (BAYC) metaverse as an Avalanche subnet. The BAYC metaverse, could benefit from Avalanche’s low-fee and high-speed network. Avalanche, a rival to the Ethereum blockchain, would additionally provide access to a $290 million incentive program to support development costs, the proposal added, as well as technical expertise and marketing support. The move represents the continuation of the trend covered by CoinDesk last week: Various base layers, or layer 1s, are actively courting one of the hottest projects in the non-fungible token (NFT) space following a painful metaverse launch on Ethereum in which investors reportedly lost more than $100 million in transaction fees. Yuga Labs, which created the BAYC and is and one of the teams behind Otherside, expressed its dismay at the time and encouraged ApeCoin holders to consider a new chain for the project. Subnets a...
Source : Avalanche Submits Subnet Proposal for ApeCoin DAO’s Metaverse Migration

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