May 26, 11:31 am
|Avalanche Invites BAYC's Otherside to Move Onto its Subnets|
Layer one (L1) protocol Avalanche asked ApeCoin DAO to consider launching the renowned metaverse project, Otherside, on its layer-two subnet, touting its strengths in rapid transaction processing, higher throughput, scalability, and lower gas fees. The blockchain project sees itself as an alternative to Ethereum upon which Otherside is built.
Subnet as a Scaling Solution for Otherside
Ethereum is commonly known for its high gas fees that prevent a broader level of adoption. Less than a month ago, the highly-anticipated Otherside drop congested the network, making users pay more than $175 million in ETH for the gas fees on the first day of its launch.
Avalanche proposed the migration plan on ApeCoin's Forum, arguing in favor of its low-fee and high-speed network. The so-called 'Ethereum Killer' stated that migrating to its subnet could 'dramatically increase speed to finality while reducing gas fees, enabling a better user experience for the Otherside metaverse.'
Avalanche also stated that the ApeCoin community could access a $290 million incentive program designated to support users and development costs. The blog post outlined how the plan would be executed, noting that the s...
May 20, 12:51 pm
|Singaporean Court Blocks Sale of a Bored Ape (BAYC) NFT: Report|
A Singaporean citizen has managed to successfully block the sale of one Bored Ape Yacht Club (BAYC) NFT through a court-ordered injunction.
According to the court filing seen and reported by Bloomberg, the plaintiff used the NFT as collateral for a loan on the NFTfi platform. The collector decided to use the BAYC collectible since “its rarity...
May 19, 2:48 am
|Volume on BitMEX Spot Exchange surpasses $10M in 24 hours since launch|
BitMEX Spot, the new trading platform to buy and sell crypto launched by one of the world’s largest crypto exchanges, BitMEX, has made a strong entrance in the first days since going live, hitting over $10 million in 24-hour trading volume following the launch.
The new spot exchange offers seven cryptocurrency pairs versus Tether (USDT); Bitc...
May 18, 8:29 pm
|CryptoCom Pay Now Available for Shopify Merchants|
CryptoCom has announced enabling Shopify merchants to leverage its payment solution - CryptoCom Pay - on their online storefronts.
According to the official blog post, the crypto trading platform stated that the latest move should help the e-commerce company expand its reach by facilitating more ways for customers to make purchases with crypt...