Cryptocurrency News
ApeCoin integrates with Polygon amid NFT mint backlash and speculation
2022.05.03 17:31
ApeCoin integrates with Polygon amid NFT mint backlash and speculation
ApeCoin (APE) announced its integration with Ethereum (ETH) sidechain Polygon after the recent Yuga Labs’ Otherdeeds nonfungible token (NFT) minting incident that led to speculation on a new chain for APE.
On Sunday, Yuga Labs, the creators of the Bored Ape Yacht Club NFT collection, opened the minting for Otherdeeds NFT land. The drop gained overwhelming support from its community, with an estimated $300 million in sales. Despite this, the drop encountered a list of issues such as pushing ETH gas fees to unprecedented highs, making users pay around 2 to 5 ETH for gas.
