APECOIN considering building its own L2 public chain?

Hi,

I just want to provide some clarity on the distinction between Yuga Labs and the DAO, and the history of the proposals to migrate APE to another chain, sidechain, or L2.

The DAO is independent from Yuga Labs. Yuga Labs is a community member in the DAO, but it does not give direction to the DAO.

In late April of last year, Yuga encouraged the DAO to explore migrating ApeCoin to its own chain.

A number of AIP ideas were posted following that tweet from Yuga, including proposals from Avalanche and Immutable X. The first AIP to actually go to vote on the matter however was AIP-41, which proposed to keep APE on Ethereum and not migrate to any other L1 chain or sidechain. This AIP was voted in favour, which meant that for 3 months, no AIPs could go to vote which proposed moving APE off of Ethereum or onto a sidechain.

Since then, there has been little to no discussion of this topic on this forum. Neither of the Avalanche nor Immutable-X AIPs were re-opened once the 3 month term of AIP-41 expired.

Yuga has not publicly expressed any views on this topic since that tweet. We can only assume that their views have not changed.

It is my view that the DAO needs to continue this conversation. Not only so that Yuga can effectively integrate APE into the Otherside and its other games, but also so that other web3 gaming projects can integrate APE into their products and offerings, while efficiently utilizing on-chain transactions.

10 Likes