Avalanche Submits Subnet Proposal for ApeCoin DAO’s Metaverse Migration

.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.

Vi har oppsummert denne nyheten slik at du kan lese den raskt. Er du interessert i nyhetene kan du lese hele teksten her. Les mer:

CoinDesk /  🏆 291. in US

Norge Siste Nytt, Norge Overskrifter

Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.

Avalanche proposes the Otherside metaverse should build its own subnetThe Avalanche core team has made a proposal on the ApeCoin DAO forum that the Otherside metaverse should move to Avalanche.
Les mer »

Weekly Wrap: What's Happening in the Metaverse This Week? [May 23, 2022] | CoinMarketCapWhat's fun in the metaverse this week, researched with nansen_ai? 👀 From the first metaverse wedding in UAE held on decentraland, to Sony outlining ambitious plans for the metaverse. Let's find out! 👇
Les mer »

Merit Circle DAO proposal seeks to ‘trim the fat’ by booting early-stage investorICYMI: Merit Circle DAO proposal seeks to ‘trim the fat’ by booting early-stage investor
Les mer »

The Metaverse Will Make Gamers of Us AllFundamentally, the 'metaverse' is a game – but one with real consequences and opportunities. This article is part of 'Metaverse Week.'
Les mer »

Sequoia Leads $37 Million Series B Funding Round In Singapore Metaverse StartupSingapore-based metaverse startup BUD announced that it is planning to launch NFTs after raising $36.8 million in a new round of funding, just months after completing its Series A round in February. The Series B round was led by Sequoia Capital India.
Les mer »