This morning Bored Ape Yacht Club, one of the most popular NFT collections, minted their latest drop on Layer 1 Ethereum, wasting $100 million in users’ gas fees. People were not happy. https://twitter.com/StonkHands/status/1520607411043991552
They’re currently planning on building their own blockchain to scale in the future.
This is a huge waste – Bored Apes were born on Ethereum, and Ethereum is where the best liquidity and security for NFTs are. It’s why we built Immutable on it.
We’re creating a proposal to scale ApeCoin’s future drops with Immutable X.
If integrated, this would mean all of ApeCoin’s future drops would by default be tradable and accessible on GameStop.
ApeCoin is a community governed DAO – the more public support we can generate for this the better.