Yuga Labs Proposes that Apecoin Build its Own Chain, After Otherside Mint Slows Down the Ethereum Network

Otherside Mint Was Quickly Sold Out, Raising $300 Million, and Spending 64k ETH in Transaction Fees

Besides the bottleneck of transactions on the Ethereum network caused by the Otherside Metaverse mint, the event resulted in the initial 55k Otherdeed NFTs being sold out, as explained by the team through the following statement.

The Otherdeed NFT mint is sold out – we are awestruck at the demand shown tonight. Apes and Mutants, the opening of the 21-day claim period is being delayed until the price of gas drops to reasonable levels. We’ll tweet when the claim opens.

Additionally, Otherdeed NFTs sales during the mint raised more than $300 million (16,775,000 Apecoin) and burned a record-breaking 64k Ethereum in transaction fees.

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