Putting aside the mint’s outrageous gas fees and $158 million worth of ETH being burnt, a key talking point from the Otherdeeds NFT Land sale was the idea of an blockchain being exclusively developed for ApeCoin, in order for the new project to ‘properly scale’ (an idea explicitly stated by Yuga Labs in a tweet).
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
Despite these potential plans, and while we are still in the midst of furious backlash from the mint, ApeCoin has announced its integration onto Ethereum sidechain Polygon. In onboarding itself onto one of Web3’s largest ecosystems, the token will now be available across 19000+ dApps and games.
— ApeCoin (@apecoin) May 2, 2022
Although, in isolation, this can only be seen as a positive move for the community, many remain unfazed by the announcement, as their attention is still firmly fixed on the absurdities which occurred over the weekend. As people have had more time to digest what happened, speculation has simultaneously turned more sinister, with many now speculating that the Otherdeeds NFT Land sale may have been a classic ‘create a problem, sell the solution’ marketing stunt, where in this context, the solution would be an ApeCoin exclusive chain.
That being said, co-founder of Animoca Brands and member of the ApeCoin DAO Yat Siu has since downplayed such rumours, as he stated that ‘no discussion’ between DAO board members, nor with any other parties, have taken place with regards to the idea.