Demand for plots of land in multiplayer game Otherside was so high it overwhelmed the Ethereum blockchain
A multi-billion dollar cryptocurrency company has apologised to users after its sale of “metaverse land” sparked a frenzy that temporarily brought down the Ethereum cryptocurrency.
Yuga Labs, the company behind the Bored Ape NFTs beloved of Jimmy Fallon and Paris Hilton, announced the sale of its latest tokens – representing plots of land in a forthcoming multiplayer game called Otherside – on Sunday. A total of 55,000 plots were sold, at a flat price of 305 ApeCoin (a currency created by Yuga), which is worth about £4,500 at current exchange rates.
