BAYC Metaverse Land Sale Fetches $285M But Investors Paid $176M in Gas Fees Alone

Yuga Labs debuted its long-awaited Bored Ape Yacht Club metaverse project “Otherside,” generating roughly $285 million in digital land sales, but the Ethereum-based project created some of the highest gas fees in the network’s history – costing investors over $176 million.