• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Sensei Inu Logo Sensei Inu Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Breaking News: Breaking: Bitcoin Repayment Plan Gets New Deadline From Mt. Gox Trustee
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: Bitcoin Repayment Plan Gets New Deadline From Mt. Gox Trustee
Yuga Labs and Immutable X

Is Immutable X The Answer To Yuga Labs’ Problems?

Best Owie by Best Owie
1 year ago
in APE, Ethereum
0

It has now been a couple of months since Yuga Labs’ had essentially “broken” Etherscan due to the high demand generated by its Otherside mint. As such, there have been discussions on how such an entity could mitigate the type of problems that arose during its legendary mint. For the answer to this, there have been numerous proposals submitted in a bid to help make sure that something like this does not happen again. 

Immutable X And Yuga Labs

Immutable X has submitted a proposal that the Otherside metaverse should be built on its protocol. It put forward that since the protocol is highly scalable and enables no-fee transactions and a carbon-neutral environment makes it a perfect place for the Bored Ape Yacht Club (BAYC) metaverse. The scalability is the most important because the demand remains high and as such, it will help prevent the network outage that had occurred on Ethereum.

Related Reading | Hindsight 20/20: The Winners Of The Terra (LUNA) Collapse

Immutable X which is an L2/L3 scaling solution had been providing no-fee transactions for a number of projects in the Web3 space. Since it’s built on the Ethereum network, it means that Yuga Labs would not have to worry about moving its entire collection to a new network before it can build out its metaverse. 

“ApeCoin is a testament to the strength of Ethereum’s community, developer network, and security,” said Robbie Ferguson, Co-Founder at Immutable X. “Its future should live on Layer-2 Ethereum, where its core users and community lives. 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.”

Ethereum price chart from TradingView.com

This sentiment to keep Yuga Labs’ creation on Ethereum earned support from the community, who poured out to give their opinions on the matter too. The general consensus has been to continue existing on the Ethereum blockchain while utilizing a Layer 2 rollup to ensure adequate scalability.

Although Immutable X got a lot of support from the community, it is not the first to put forward a proposal to have Otherside built on its protocol. The Avalanche network had previously invited the project to build on AVA after its mint had caused ETH transaction fees to shoot through the roof.

Related Reading | Gas Relief: Ethereum Fees Fall To July 2021 Lows

A lot of interest remains around where Yuga Labs will end up building its Otherside metaverse. However, the team is yet to give a definitive answer on where it might move to or if it will continue to build directly on the Ethereum network. There have been talks of building an ApeChain, a native blockchain for the BAYC ecosystem, but nothing substantial yet.

Featured image from Medium, chart from TradingView.com

Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… 

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Best Owie

Best Owie

Related Posts

Ethereum testnet

Ethereum Unveils Shiny New Testnet, What Does It Do?

5 days ago
Ethereum

Ethereum Active Addresses Hit 2nd Highest Count Ever, Bottom Signal?

6 days ago
Ethereum

Ethereum Co-Founder Predicts: Crypto’s Future In The US Will Be Embraced

7 days ago
MetaMask Web3 Snaps

MetaMask Snaps Open Beta Launches, Developers To Deploy Features, Functionalities

1 week ago
Ethereum

Ethereum Experiences $300 Million Monthly Crypto Fund Outflows – What’s Going On?

1 week ago
Ethereum

Ethereum (ETH) Transaction Fees Reach 2022 Lows, Entering Inflationary Period?

1 week ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit

Press Releases

  • VeChain (VET), Avalanche (AVAX), Polkadot (DOT) Enter...

    3 hours ago
  • Litecoin (LTC), Bitcoin (BTC), and Chainlink (LINK)...

    3 hours ago
  • Is Bitcoin still a good choice for investing? – New...

    3 hours ago
  • From DogeCoin (DOGE) Resilience to Samoyedcoin (SAMO)...

    15 hours ago
  • The Big Three: Borroe.Finance, BNB & XRP Creating...

    16 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.