After a disastrous NFT mint for its “Otherside” metaverse land sale, the creator behind Bored Ape Yacht Club is listening to offers about migrating ApeCoin (APE) off Ethereum. Two suitors are Avalanche and Flow who are allegedly negotiating for Apecoin to migrate to their chains. ApeCoinDAO, Yuga Labs in Talks With Avalanche and Flow ApeCoin DAO and Yuga Labs are reportedly in talks with both Ava Labs and Flow Foundation as they are exploring alternative blockchains beyond Ethereum. Each team believes that their chain is best suited to handle the Bored Ape Yacht Club NFT and metaverse ecosystem. Yuga Labs initially probed into ApeCoin’s migration to another chain on Twitter on May 1st, while “encouraging” the decentralized autonomous organization (DAO) comprised of APE holders to consider it a possibility. We're sorry for turning off the lights on Ethereum for a while. It seems abundantly clear that ApeCoin will need to migrate to its own chain in order to properly scale. We'd like to encourage the DAO to start thinking in this direction. — Yuga Labs (@yugalabs) May 1, 2022 At the time of writing, neither Yuga Labs nor the ApeCoin DAO has confirmed the talks on migrating ApeCoin to a new chain. Otherdeed NFT Mint Broke Ethereum Network The Otherdeed NFT mint spearheaded by Yuga Labs kicked off on the 30th of April. The event allowed Yuga Labs to raise roughly $320 million in a few hours by selling plots of digital land. Howeve...
