Otherside is the biggest product launch yet from the company best known for creating the Bored Ape Yacht Club NFT collection. During last night’s sale, traders snapped up a limited supply of 55,000 “Otherdeeds” NFTs, which represent titles to plots of virtual land in a forthcoming 3D social space.
They cost about $7000 each, and were only available for purchase in ApeCoin , Yuga Labs’ official cryptocurrency. On secondary marketplaces like OpenSea, the cheapest listed price for an Otherdeed wasfrom venture capital giant Andreessen Horowitz, and a kind of slow-burning disaster for everyone else.
. It’s a phenomenon known as a “gas war” – users compete to have their transactions processed at the top of the miners’ queue.on the blockchain data site Dune Analytics, the average gas price was hovering around 800 Gwei early Sunday morning, with spikes in the realm of 6000 and 7000. During these waves, a simple transaction could cost upwards of $3,000.
The expensive evening threw into question Ethereum’s long-term viability as a host for large-scale NFT projects; Yuga Labs even“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.”the ApeCoin DAO – maybe they can donate some of last night’s windfall to the cause.
crypto_goddess_ OthersideMeta yugalabs lil_smush elitanjourno It was clearly yugalabs attempt to create an Ape Coin based blockchain. Nothing more. The 'Other Side' was a smokescreen.
OthersideMeta yugalabs lil_smush elitanjourno I'm bullish on crypto but right now It's going to correctio because of Interest rates of Fed this coming FOMC, Short sell now‼️
OthersideMeta yugalabs lil_smush elitanjourno That sounds wild. I think something needs to be done about it.
OthersideMeta yugalabs lil_smush elitanjourno Algo… rand…
OthersideMeta yugalabs lil_smush elitanjourno retoken
OthersideMeta yugalabs lil_smush elitanjourno WSG💜💜 WSGARMY🔥 playtoearn 🎮💰 WSG_The_Best_Community 💥💥 WSG_GameFi 🎮🎮
OthersideMeta yugalabs lil_smush elitanjourno XMetaverse_ X-Metaverse is a blockchain game developed by Cocos3D and can run on Android, iOS and PC. All game content items and characters are based on blockchain tokens and NFTs. The visual effects and gameplay of X-Metaverse are inspired by StarCraft and Star Wars.
OthersideMeta yugalabs lil_smush elitanjourno You gotta check out $LUFFY - luffyinutoken Amazing Community x Top-Notch Devs -10+ listing in 2022 -Land of Kai (P2E) -Staking -Anime Market place luffyinutoken LUFFY LuffyV2 Luffytoken LUFFYCREW CryptoCurrency NFT P2E ETH BTC
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CoinDesk - 🏆 291. / 63 Read more »
Source: BTCTN - 🏆 531. / 51 Read more »
Source: BTCTN - 🏆 531. / 51 Read more »