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.

How much does otherdeeds cost in apecoin (ape)?

On Saturday, ApeCoin holders competed to buy so-called "Otherdeeds" -- parcels of land in Bored Ape Yacht Club's metaverse, Otherside. The frenzy pushed Ethereum gas fees to unprecedented levels. According to Bloomberg, each of the 55,000 NFT plots cost around $5,800 in ApeCoin (APE) plus gas fees.

How much did the bored ape Yacht Club charge for Ethereum gas?

Crypto Users Paid Thousands In Ethereum Gas Fees Thanks To The Bored Ape Yacht Club. Here's What Happened. $4,661 in fees for a $5 .eth domain purchase?!

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.