Ape

“Fire in Ethereum”: 70,000 ETH burned by sales of the Bored Ape metaverse

graph compares the burning of ethers and the net issuance of tokens on May 1st

Key facts: The sale of metaverse parcels of these NFTs fueled the commission burn on Ethereum. By the end of the day, the number of ETH burned was triple the highest mark ever. Ethereum witnessed this Sunday, May 1, the largest commission burn in ether (ETH) in its history. At the end of the day, …

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Bored Ape crashes Ethereum with land sales for its Otherside metaverse

cost of commissions per transaction in ethereum

The Bored Ape Yacht Club (BAYC) project has put up for sale the collection of land lots in its Otherside metaverse. The very high demand caused the Ethereum network to collapse, hours ago, with high transaction fees. Yuga Labs, the Bored Ape Yacht Club developer team, began selling virtual land plots in the form of …

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