Yuga Labs integrates Polygon to its ApeCoin amid Otherdeeds NFT mint backlash

BAYC’s ApeCoin (APE) has recently announced that it has integrated Ethereum Layer2 solution Polygon after the recent Yuga Labs Otherdeeds NFT minting that resulted in speculation on a new chain for APE.

One of the world's largest Web3 ecosystems, @0xPolygon now supports ApeCoin making it available for 19,000+ dApps and games across the board! https://t.co/vUoGTAfqkl

— ApeCoin (@apecoin) May 2, 2022

Yuga Labs, the makers of the Bored Ape Yacht Club NFT collection, started minting Otherdeeds NFT land on Sunday. With an estimated $300 million in sales, the drop received great support from its community. Despite this, the drop ran into a slew of problems, as TheCoinRise reported. The minting led to massive Ethereum burning, which touched a new ATH as May arrived.

As a result, customers who were unable to mint NFTs but still had to pay ETH gas fees were upset and vented their frustrations on Twitter, with some even announcing their withdrawal from APE-related investments.

Is Yuga Labs developing an APE chain?

While Yuga Labs pledged to refund their gas fees, some users speculated that the failure was part of a marketing trick to draw attention to an issue before launching a new APE chain. An ApeCoin decentralized autonomous organization (DAO) spokesperson, on the other hand, disputes this.

This is not the case, according to ApeCoin DAO Board Member Yat Siu. While Yuga Labs invites the DAO to consider moving to a new chain, Siu observed that the concept of an APE chain was not discussed among the DAO’s board members or with other parties.

Despite the clarification, some remain skeptical and dissatisfied with the event’s outcomes. Yuga Labs, which is brewing something with Animoca Brands, recently valued itself at $4 billion after securing $450 million in funding.

It is important for Ethereum to work on its transaction fee issue about which it is bashed every now and then. On the other hand, Yuga Labs integrating Polygon shines the eyes of MATIC lovers.