ApeCoin Migration Draws Interest From Avalanche, Flow

Yuga Labs is considering migrating ApeCoin to Otherside Layer 1, and both Avalanche and Flow are reportedly looking to be the solution for the ApeCoin migration program, believing they are better suited to host large NFT ecosystems like the one Yuga Labs is building. Previously, Yuga Labs metaverse project Otherside's Otherdeeds land cost investors more than $100 million in transaction costs when it was minted. Yuga Labs said that ApeCoin needs to be migrated to the new chain and encouraged DAOs to start thinking in that direction.