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ApeCoin integrates with Polygon amid NFT mint backlash and speculation -Breaking

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ApeCoin and Polygon integrate amid NFT mint speculation backlash

ApeCoin announced the integration of (APE).ETH) sidechain Polygon after the recent Yuga Labs’ Otherdeeds nonfungible token (NFT) minting incident that led to speculation on a new chain for APE.

Yuga Labs (creators of Bored Ape Yacht Club NFT Collection) opened Sunday’s minting facility for Otherdeeds NFT Land. It received overwhelming community support, receiving an astounding 80%. An estimated $300 million of sales. However, this drop faced a number of problems, such as raising ETH gas prices to unimaginable heights. Users will now have to pay approximately 2-5 ETH per gallon for gas.