Otherdeed Burns, Looming Signals & Webaverse Intro
Published on: May 2nd, 2022
Chart of The Day: Pain for Minters and Gains for Miners
The Otherdeed land sale was unprecedented in popularity and was likely the largest community to simultaneously compete and mint for an NFT project. This resulted in gas prices hitting as high as 79k Gwei from their low points of 25 Gwei on the same day. Otherdeed costed 305 APE per mint, but as gas prices spiked, users paid upwards of 2-3 ETH to front-run each other during the sale.