Yuga Labs raises ~$320M by selling virtual land in its Otherside metaverse, causing ripple effects across the Ethereum blockchain; gas fees have skyrocketed (Bloomberg)

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Bloomberg:

Yuga Labs raises ~$320M by promoting digital land in its Otherside metaverse, inflicting ripple results throughout the Ethereum blockchain; gasoline charges have skyrocketed  —  Yuga Labs, the creator of the favored Bored Apes Yacht Membership assortment of NFTs, shepherded a sale of digital land associated …





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