Otherdeeds sold within 3 hours – Ethereum gas fees exploded
May 2, 2022
Last weekend the Web3 community went wild since one of the most anticipated events went down. Yuga Labs, the company behind the Bored Ape Yacht Club is going to start its own metaverse called Otherside. Very similar to other projects in that field Yuga sold land plots called Otherdeeds. A total 55.000 of these virtual land plots went for sale.
Why was the sale crashing the fee market and what are the next plans for Yuga Labs, ApeCoin, BAYC, and the Otherside?