How the BAYC metaverse mint raised Ethereum gas fees to thousands of dollars
Last week, that fee skyrocketed to unprecedented levels. Strap in for another weird web3 story. With many anticipatory participants, the mint raked in more than $317 million for the company. Some folks had to pay thousands of dollars for transactions valued at just a few dollars each. This kicked offa heateddebateabout Ethereums scalability problems and Yuga Labs smart contracts efficiency. Thats a good opportunity to better understand the concepts of gas and smart contracts, and what happened here....