Immutable is an Ethereum-based layer 2 NFT scale platform. It has submitted a proposal at the ApeCoin DAO for the development of the Bored Ape Yacht Club, (BAYC), metaverse project Otherside.
Otherside Metaverse on Immutable X
Immutable stated that the move is compatible with APE token holders because it offers scalability, no fees transactions and a carbon neutral environment. Robbie Ferguson, co-founder at Immutable, commented on the proposal.
“ApeCoin is a testament to the strength of Ethereum’s community, developer network, and security. Its future should reside on Layer-2 Ethereum, where it is used by its core community and users. We’re confident that Immutable X is the perfect solution for Bored Ape Yacht Club’s Otherside metaverse project and will commit significant resources to build it jointly with the community.”
Before ImmutableX, Ava Labs proposed Yuga Labs’ Otherside metaverse game and ApeCoin to consider rolling out the metaverse project on Avalanche subnet.
The plan involves Otherside migrating to Ethereum competitor’s subnet to “dramatically increase speed to finality while reducing gas fees, and enhance user experience.” Additionally, Avalanche also revealed that the ApeCoin community could access the $290 million incentive program dedicated to back users and development costs.
The Otherside Debacle
The much-anticipated launch of Yuga Labs’ virtual land sale sent the Ethereum network into a tailspin a month ago. After a prolonged period of cooling down, the NFT mint for land at Otherside was able to revive the DeFi Sector.
Otherdeeds generated more than $300 million in primary sales. NFT market OpenSea also saw its highest ever day of secondary trading, thanks to Otherdeeds. The record-breaking sale was met with criticism by industry professionals as the unprecedented Ethereum fees caused chaos among buyers.
In response, its makers – Yuga Labs – suggested that the APE ecosystem should migrate from Ethereum’s mainnet to a dedicated blockchain to minimize fees for future drops.
Even as it apologized for the episode and said it would refund gas fees for users with failed transactions, not everyone was happy with the company’s approach to the Otherside mint as well as its response to the fallout. Code fixes could have decreased gas fees. However, the company’s inability to create a gas-optimized smart contracts for minting was a significant misstep.