Bloomberg reported Sunday (May 1) that Yuga Labs, which produces the non-fungible tokens (NFTs) in the Bored Apes Yacht Club collection, was selling virtual land for its metaverse project Otherside.
With the largest crypto offering of its kind, the company raised around $320 million. It was so overwhelming that activity for the event was centered around the Ethereum blockchain, so much so that it caused disruptions & spiked transaction fees, the report said.
Crypto users paid thousands in Ethereum gas fees thanks to the Bored Ape Yacht Club. Here’s what happened. – mashable.com
If you were trying to complete a transaction on the Ethereum network last night, you might have been taken aback by the ridiculously high gas fees you saw.For example, one user purchased a $25 NFT on Saturday evening. Their total price? $3,325. That’s $3,300 just in fees.
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Link: Crypto users paid thousands in Ethereum gas fees thanks to the Bored Ape Yacht Club. Here’s what happened.
via mashable.com
