One of the highest anticipated non-fungible token mints of all-time kicked off Saturday night and ended with a gas war, failed transactions and many upset at Yuga Labs. Here are the details.
What Happened: On Saturday, Yuga Labs launched a public mint for 55,000 Otherdeed NFTs. The NFTs are related to the Otherside, a new metaverse of land from Yuga Labs, the company behind Bored Ape Yacht Club and Mutant Ape Yacht Club.
The NFTs were available for 305 ApeCoin (CRYPTO: APE) each, plus a gas fee that was paid in Ethereum (CRYPTO: ETH). The moment the mint went live, gas quickly shot up and people were paying as much in gas, a minting transaction fee, as they were for the NFT itself.
Many suffered failed transaction fees amounting …
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