Ethereum crashes as Bored Ape metaverse land frenzy raises $320m – The National
- Date: 01-May-2022
- Source: The National
- Sector:Financial Markets
- Country:Gulf
Ethereum crashes as Bored Ape metaverse land frenzy raises $320m – The National
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Yuga Labs, the creator of the popular Bored Apes Yacht Club (BAYC) collection of non-fungible tokens, launched a sale on Saturday of virtual land related to its highly anticipated metaverse project, raising about $320 million in the largest offering of its kind.
Demand was so strong that activity related to the event caused ripple effects across the entire Ethereum blockchain, disrupting activity and sending transaction fees soaring.
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