We wanted to say a few words about the mint tonight. 🧵

We know that the Otherdeed mint was unprecedented in its size as a high-demand NFT collection, and that would bring with it unique challenges.

The hope was that those challenges would be assuaged via a rigorous gating mechanism in the form of an on-chain KYC, a max mint of 2 per KYC'd wallet, and a significant clearing price at 305 ApeCoin.

This has been the largest NFT mint in history by several multiples, and yet the gas used during the mint shows that demand far exceeded anyone’s wildest expectations. The scale of this mint was so large that Etherscan crashed.

We're sorry for turning off the lights on Ethereum for a while. It seems abundantly clear that ApeCoin will need to migrate to its own chain in order to properly scale. We'd like to encourage the DAO to start thinking in this direction.

Yuga Labs Which chain do you think Yuga Labs should choose ?

cryptomd Yuga Labs 100% move to Elrond. Everything is unbelievably smooth and almost zero transaction fees

@ianoverson Yuga Labs Man respect but its so simple to move a dapp to moonbeam $glmr from Eth. You dont need anything.

cryptomd Yuga Labs Possibly. I just don’t understand why so many people overlook Elrond in polls and threads like this. It’s so smooth, cheap and carbon negative. It’s going to be huge when people really wake up

@ianoverson cryptomd Yuga Labs Ignorance @ianoverson that's the answer.
People don't know but @ElrondNetwork already done what Eth have on their roadmap in 2025.