Ethereum (ETH) Immutable (IMX) layer 2 offers to host the BAYC metaverse

Immutable proposes itself as a solution for the Otherside metaverse

Immutable (IMX), a second layer solution of the ethereum blockchain (ETH), structured on the StarkEx engine and specialized in non-fungible tokens (NFTs), offerswelcome Othersidethe metaverse of Bored Ape Yacht Club (BAYC).

According to this proposal, made by Immutable directly on the forum dedicated to ApeCoin (the cryptocurrency dedicated to the BAYC universe), and therefore via its DAO, the Immutable X network constitutes a solution of choice for Otherside :

“So far, Immutable has minted over 50 million NFTs and processes more NFT transactions per month than any other blockchain or Layer 2 – all without compromising Ethereum’s security, minting and exchanging without fees, while allowing instant settlement of transactions. Β»

Indeed, Immutable is an overlay specialized in NFTsand hosts a number of large-scale projects like OpenSea, GameStop or TikTok. Moreover, as layer 2, the network benefits from the security of its parent Ethereum blockchain.

In its proposal, Immutable claims that its scalable network (up to 9,000 transactions per second), is the best solution for the future of Otherside.

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Ethereum favored by the community

A week before this new proposal, it is the team of the Avalanche blockchain (AVAX) which offered to host the Otherside metaverse. Only, theBAYC’s ecosystem has so far relied on the Ethereum blockchainand the community of the ApeCoin forum has overwhelmingly announced that they want to maintain this.

Indeed, many forum members, either directly via the DAO or via Twitter, have stated that they are opposed to the implementation of Otherside on another network than that of Ethereumand that therefore the Avalanche blockchain was unsuitable.

Robbie Fergusonthe co-founder of Immutable, had already declared on May 1 on Twitter that blockchain overlay solutions could largely cover needs in terms of autonomy, security and scalability from Otherside.

β€œIt was BAYC that brought NFTs to the mainstream and got us to a point where people like Jimmy Kimmel, Justin Bieber, and Stephen Curry all own Ethereum assets. ApeCoin is an important part of Ethereum’s history and hopefully its long-term future. Β»

Currently, Immutable is the Ethereum’s only second layer solution for offering to host the BAYC metaverse. Other layer 2 could thus claim this role, such as Loopring or ZK Space.

However, let us recall that the DAO of ApeCoin did not no control over how Otherside’s future will be structured. At most, the forum can allow the Yuga Labs team to probe the temperature of its community.

However, it would seem that a layer 2 of Ethereum remains to this day the most appropriate solutionalthough no possibility has yet been officially mentioned by the team in charge of the project.

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Source: ApeCoin Forum

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About the Author : Maximilien Prue


Passionate about the world of decentralized finance and the novelties brought by Web 3.0, I write articles for Cryptoast to help make the blockchain more accessible to everyone. Convinced that cryptocurrencies will change the future very soon.
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