Apecoin is now integrated with the Polygon (MATIC) network


On May 2, ApeCoin (APE) announced its integration
with Ethereum (ETH) sidechain Polygon (MATIC), and with Polygon support, APE is
presently accessible through MATIC's 19,000 decentralized applications (Dapps)
and games.
After the Yuga Labs' Otherdeeds nonfungible token
(NFT) minting occurrence happened three days ago, it prompted speculation about
another chain for APE.
On Sunday,
Yuga Labs, the makers of the Bored Ape Yacht Club NFT collection, opened the minting
for Otherdeeds NFT land. The drop acquired overpowering help from its community,
with an expected $300 million in sales. Regardless of this, the drop
experienced a list of issues, for example, pushing ETH gas expenses to uncommon
highs, which implied that clients paid around 2 to 5 ETH for gas.
Also, the
crypto token apecoin (APE) and its exchanges during the deal, pushed ether gas
expenses essentially higher during the metaverse deed sale.
The Bored Ape Yacht Club (BAYC) makers, Yuga
Labs, said at the time that it "seems abundantly clear, that Apecoin will
need to migrate to its own chain in order to properly scale." However,
rather than a different Apecoin organization, the token based on Ethereum is
presently incorporated with Polygon and an Apecoin DAO board member said there
probably won't be a different Apecoin blockchain.
Apecoin DAO board member Yat Siu stressed: “no
discussion was had either at the [Apecoin] board level or with any other
parties (including [Yuga Labs]) of a possible apechain; this is a completely
new idea to us.”

Joyashree Dey
CBW - External Analyst
INDIA