Avalanche Submits Subnet Proposal for ApeCoin DAO’s Metaverse Migration

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Avalanche Submits Subnet Proposal for ApeCoin DAO’s Metaverse Migration
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.avalancheavax developers asked apecoin holders to consider building out the DAO's BoredApeYC-linked metaverse as an Avalanche subnet. shauryamalwa reports

Yuga Labs, 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 are a scaling solution on Avalanche allowing builders to stake AVAX to build their own blockchains atop the Avalanche base layer. Metaverses, on the other hand, generally describe virtual worlds in which people can interact as they do in the real world, but digitally.

“ApeCoin would be fantastic as an Avalanche subnet, and benefit from the superior performance of its dedicated chain on the fastest consensus protocol,” Emin Gün Sirer, founder of Avalanche developer Ava Labs, said on Twitter citing the proposal. That said, not all APE holders were in favor. “We should not move out of Ethereum ever,” the most-liked comment on the proposal read. “We should search for an L2 solution on Ethereum.”

APE and AVAX tokens are down about 2% in the past 24 hours amid nominal losses in the broader market.

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