How much money was wasted on bored ape's NFT sale?

One cryptocurrency advocate noticed that from just the Bored Ape's NFT sale, approximately $100 million were wasted during the first hour of the "land" sale in gas fees alone. As mentioned earlier, transactions can often fail when the Ethereum network is facing unusually high traffic.

Did 'bored apes Yacht Club' sell 'virtual land'?

There's a new metaverse project from the creators of the "Bored Apes Yacht Club" NFTs. Last night they held a "virtual land" sale, reports Bloomberg, raising nearly a third of a billion dollars.

How much is ape worth?

APE was worth $19, so buyers were expected to fork over $5,800 per NFT, on top of fees. Tokens raised in the sale would then be taken out of circulation for a year. The main problem for the Otherside mint was gas fees, which are aimed at covering the computational cost of verifying transactions within Ethereum’s proof-of-work protocol.

What does Yuga labs' Metaverse sale mean for apecoin?

Anticipation for Yuga Labs' metaverse sale also lifted ApeCoin, the native digital currency of the APE ecosystem, as much as 50% in the past week. The sale also could gauge how resilient investor interest is in the metaverse, a full-scale three dimensional virtual world that's considered part of the internet's next iteration, or Web3.