Will Yuga Labs Ditch Ethereum to Tackle Steep NFT Gas Fees?

One other Spark of Annoyance 

On Tuesday, Yuga Labs made it recognized that contributors who accomplish a process in its ‘Legends of the Mara’ (LoTM) recreation on the Otherside platform stand an opportunity to win Loot. 

Nonetheless, gamers aiming to safe these NFTs on Ethereum’s blockchain discovered themselves burdened with hefty fuel charges. Including insult to damage was the actual fact these rewards had been initially meant to be freebies.

Notably, this isn’t the primary occasion of Ethereum fuel charges troubling Yuga. The corporate’s effort to mint digital land slots in Otherside resulted in transaction prices surmounting to a jaw-dropping $157 million in Could 2022, which led to a major outcry amongst its consumer base.

Yuga Labs’ Response to Criticism 

Addressing this controversy, Spencer Tucker, Yuga Labs’ Chief Gaming Officer, apologized on Twitter for the Loot fuel payment drawback. Following this, he promised affected customers a free in-game on-chain profit known as the ‘Catalyst’.

Sadly, these Catalyst NFTs didn’t fulfill gamers on Otherside, who felt it didn’t tackle the core issues with Ethereum-based NFT minting.

Yuga Labs’ co-founder, Greg Solano, additionally tried to soothe the disgruntled group by vowing to refund all fuel charges incurred when minting Loot on the Otherside platform. A measure which additionally failed to deal with the persisting issues over ETH charges.

To deal with this problem successfully, Yuga Labs compensated its group by protecting $265,000 in fuel charges, distributed throughout roughly 640 refund transactions.

Potential Methods for In the present day and Tomorrow

Yuga Labs’ predicaments have solid doubts on the way forward for the Otherside Metaverse, its Agora market, and most notably, the corporate’s frameworks.

In retaliation, ApeCoin DAO — an autonomous group that oversees $APE — has proposed the creation of its distinctive blockchain, the ApeChain, regardless of advocating to follow Ethereum in 2022, principally for safety functions. 

The DAO is presently surveying options from a number of Ethereum layer-2 networks, similar to Optimism, Arbitrum, and Polygon.

Whereas Yuga Labs has steered that ApeCoin DAO may arrange its blockchain to deal with Ethereum’s site visitors and expense, the corporate has been hesitant to commit publicly to utilizing such a community for the Otherside.

As Yuga Labs evaluations its reliance on Ethereum, conjecture continues relating to the way forward for Otherside and Yuga Labs’ standing on the planet of cryptocurrency and NFTs.

DailyBlockchain.News Admin

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