How the BAYC metaverse mint raised Ethereum gas fees to thousands of dollars

If you ever wanted to buy an NFT based on Ethereum, you would have to pay a transaction fee to register it on the blockchain. Last week, that fee skyrocketed to unprecedented levels. So you might have had to pay thousands of dollars as fees to get an NFT that might be worth a few bucks. Strap in for another weird web3 story. Yuga Labs, the creator of the infamous Bored Ape Yacht Club (BAYC) NFTs, opened up its mint to its Otherside metaverse over the weekend. With many anticipatory participants, the mint raked in more than $317 million for…

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