Video game sale at Bored Ape Yacht Club ended with another NFT scam
Something bad is happening in Bored Ape Yacht Club, a year-old collection of NFTs owned by blockchain tech firm Yuga Labs. Bad things seem to be happening almost daily in the NFT space and the cryptocurrency community in general, which unfortunately frequent targets of multi-million dollar hacking initiatives and equally expensive scam jokes. Yuga Labs has recently contributed to blood in water with its Another thing for Other side collectionan NFT-related gaming initiative in which buyers paid thousands for failed transactions and were then scammed again.
In OpenSea, Yuga Labs described their Otherdeed collection as “the key to taking over land in Otherside.” play and earn game project with the support of new ApeCoin token. Described as a massively multiplayer online role-playing game in report edgeThere is very little information about him in the public domain. Other sidewhich was supposed to launch in April, but hasn’t materialized yet. Some messages mention the word “metaverse”, but from Other sidea rather blunt (though, to be fair, high production value) trailer, it’s unclear exactly what the project will entail other than bringing together NFT holders from various backgrounds such as CryptoPunks and World of Women, in addition to BAYC.
While details about the video game BAYC are still pending, the project has so far done a poor job of winning over anyone. The Otherdeed sale launched on April 30, which Yuga Labs called “largest NFT mint in history”, created a build-up on the blockchain. NFT can only be minted in ApeCoin, although this coin exists on the Ethereum blockchain, so transactional “Ethereum”gas fee» have been increased by demand. Some buyers had to pay up to $14,000 in gas fees, while others were still charged for gas, although their Overdeed transactions failed.
“We are aware that some users have had failed transactions due to the incredible demand caused by the Ethereum bottleneck,” Yuga Labs. said on Twitter. “For those of you who have been affected, we appreciate your willingness to build with us – know that we will support you and refund your gas money.”
Then on May 4th Yuga Labs announced that “Refunding gas fees to anyone who made a transaction that failed due to network conditions caused by the Mint.” However, numerous responses indicate that not everyone received a refund. And just to really mash the faces of BAYC fans into the ground, fake Other side website scammed some holders $6.2 million worth of NFTs.
Other NFT actions look complicated mine craft blocks with organic, earth designand, um, this one looks like it’s covered in cartoon cum. The art reinforces the idea that buyers seize land when they buy it, although we don’t yet know how much ownership of land has to do with buying it. Other side like a project. NFTs also include descriptions of their Image Artifact, N Resource, E Resource, W Resource, S Resource, and Koda, although, again, Yuga Labs has yet to release details on what these descriptors mean for NFT holders or Other side how is game. Well, except for Code. These are the original sprite-like characters – you can see one of them flying Other side the protagonist of the trailer over the volcanoes. You know, Koda is exactly the kind of Web3 innovation you want to see in games. Mushroom boys cost thousands of dollars for no good reason, except maybe they look a bit like KAWS figurines. This is the future, people!
Despite the huge financial losses suffered by some owners and potential buyers, the real Otherdeed collection continues to sell. According to the rating site NFT CryptoSlam!, Otherdeed netted Yuga Labs $791,688,432 or 271,425 ETH in sales. And on the official Other side Twitter, the conversation seems to be dominated by people talking about their Codes and how some of them can fart. The world is all right again.