{"id":239339,"date":"2022-05-26T07:20:56","date_gmt":"2022-05-26T06:20:56","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=239339"},"modified":"2022-06-05T21:22:37","modified_gmt":"2022-06-05T20:22:37","slug":"avalanche-new-proposal-wants-apecoin-on-its-subnet","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/avalanche-new-proposal-wants-apecoin-on-its-subnet\/","title":{"rendered":"Avalanche&#8217;s new proposal wants ApeCoin on its subnet"},"content":{"rendered":"<p style=\"font-weight: 400;\"><a href=\"https:\/\/cryptoslate.com\/coins\/avalanche\/\"><span style=\"font-weight: 400;\">Avalanche<\/span><\/a><span style=\"font-weight: 400;\"> is seeking to be the new home for ApeCoin DAO\u2019s APE token and its Otherside metaverse project, according to a <\/span><a href=\"https:\/\/forum.apecoin.com\/t\/aip-idea-otherside-as-an-avalanche-subnet\/6369\"><span style=\"font-weight: 400;\">proposal<\/span><\/a><span style=\"font-weight: 400;\"> submitted by the L1 blockchain platform.<\/span><\/p>\n<p style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Per the proposal, the Otherside metaverse project should be launched on an Avalanche subnet because it will help the ApeCoin community realize its goal of cheaper gas fees and faster network speed.<\/span><\/p>\n<h2><b>Ava labs entice ApeCoin DAO with incentives<\/b><\/h2>\n<p style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Ava labs, the parent company of the blockchain, revealed that it would support the ApeCoin subnet across various fields like educating the APE community about subnets and providing the DAO access to its Multiverse incentive program, which is worth $290 million, and even helping with new hirings.<\/span><\/p>\n<p style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The founder of Ava Labs, <\/span><a href=\"https:\/\/cryptoslate.com\/people\/emin-gun-sirer\/\"><span style=\"font-weight: 400;\">Emin G\u00fcn Sirer<\/span><\/a><span style=\"font-weight: 400;\">, said that ApeCoin\u2019s migration to Avalanche will give the coin \u201can additional use case that would help its market and regulatory stance.\u201d<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">ApeCoin would be fantastic as an Avalanche subnet, and benefit from the superior performance of its dedicated chain on the fastest consensus protocol. And the coin would have an additional use case that would help its market and regulatory stance.<a href=\"https:\/\/t.co\/UxI2eo3vx9\">https:\/\/t.co\/UxI2eo3vx9<\/a><\/p>\n<p>&mdash; Emin G\u00fcn Sirer\ud83d\udd3a (@el33th4xor) <a href=\"https:\/\/twitter.com\/el33th4xor\/status\/1529235127892582401?ref_src=twsrc%5Etfw\">May 24, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"font-weight: 400;\">Avalanche submitted that it was proposing because the overall success of ApeCoin DAO depends on the success of Web3. It added that implementing its \u201cpractical solution\u201d would lead to the \u201caccelerated adoption for all of Web3,\u201d which would inadvertently revolutionize the industry.<\/p>\n<p style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The proposal is coming less than a month after <\/span><a href=\"https:\/\/cryptoslate.com\/companies\/yuga-labs\"><span style=\"font-weight: 400;\">Yuga Labs<\/span><\/a><span style=\"font-weight: 400;\"> suggested that ApeCoin needed to migrate to its own chain to \u201cproperly scale.\u201d<br \/>\n<\/span><\/p>\n<p style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">This migration was because of the controversies its Otherside metaverse project had generated after clogging the Ethereum network leading to <\/span><a href=\"https:\/\/cryptoslate.com\/ethereum-user-spends-44000-in-gas-fees-to-mint-bored-ape-otherside-nfts\/\"><span style=\"font-weight: 400;\">millions being paid<\/span><\/a><span style=\"font-weight: 400;\"> as transaction fees.<\/span><\/p>\n<h2><b>Crypto community reacts<\/b><\/h2>\n<p style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Avalanche\u2019s proposal has generated various reactions in the crypto community.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">While this is obviously a terrible solution for something required to secure billions of dollars of assets, will give them credit shilling obsolete tech in the face of fractal rollups\/volitions<\/p>\n<p>Rollup teams must up their BD game tho<a href=\"https:\/\/t.co\/oYFqiIJucR\">https:\/\/t.co\/oYFqiIJucR<\/a><\/p>\n<p>&mdash; polynya (@epolynya) <a href=\"https:\/\/twitter.com\/epolynya\/status\/1529307794561585152?ref_src=twsrc%5Etfw\">May 25, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"font-weight: 400;\">Popular crypto researcher, Polynya called the proposal a \u201cterrible solution,\u201d with another Twitter user, Swagtimus saying that \u201cnobody wants to move their liquidity off Ethereum, and rollups are superior.\u201d<\/p>\n<p style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">However, a comment on Avalanche\u2019s forum from Punk2513 says that an Avalanche subnet is best for APE because it would lead to transaction fees being paid in Ape, plus ApeCoin and other benefits would power the smart contract.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Avalanche is seeking to be the new home for ApeCoin DAO\u2019s APE token and its Otherside metaverse project, according to a proposal submitted by the L1 blockchain platform. Per the proposal, the Otherside metaverse project should be launched on an Avalanche subnet because it will help the ApeCoin community realize its goal of cheaper gas [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":239408,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77419,37,6849,77252],"tags":[77111,77513],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Avalanche&#039;s new proposal wants ApeCoin on its subnet<\/title>\n<meta name=\"description\" content=\"Avalanche is proposing that ApeCoin DAO moves to its subnet to achieve its goal of cheaper transaction fees and faster network speed.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/avalanche-new-proposal-wants-apecoin-on-its-subnet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Avalanche&#039;s new proposal wants ApeCoin on its subnet\" \/>\n<meta property=\"og:description\" content=\"Avalanche is proposing that ApeCoin DAO moves to its subnet to achieve its goal of cheaper transaction fees and faster network speed.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/avalanche-new-proposal-wants-apecoin-on-its-subnet\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-26T06:20:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-05T20:22:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/05\/avalanche-apecoin.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/avalanche-new-proposal-wants-apecoin-on-its-subnet\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/avalanche-new-proposal-wants-apecoin-on-its-subnet\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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