Otherside Mint Breaks Records

Yuga Labs’ long-awaited metaverse project Otherside completed its inaugural land mint last night and sold out completely within three hours. Gas prices soared up to a range between $4,000 to $10,000 per transaction, pointing to the sheer popularity of the project causing network congestion.

Yuga raised more than $285 million from the mint, which was for the land units of the Otherside universe, called Otherdeeds. Each Otherdeed was available to mint for 305 ApeCoin (~$7,000). Post-mint, the Otherdeeds’ hit the secondary market with a floor price of 7 ETH (~$19,000).

Below is a list of the top contracts using gas on the Ethereum network. The Otherside contract used 5.9% of the entire network capacity during the mint.

Source: CoinDesk/Etherscan

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