Daily News - May 1, 2022
TLDR:
OtherSides cause gas to spike to 16k GWEI. Yuga Labs will refund failed transactions. Many criticize Yuga for their botched contract and auction mechanism.
Treasure:
TreasureDAO partners with Strider, a Web3-focused DAO, to build an AAA NFT-based game. (Source)
TreasureDAO continues to tease their revised artwork for Legions - the primary characters used in BridgeWorld. (Source)
OpenSea Trading Volume:
Ethereum drops by 2.6% and closes the day at $2,781.57. Due to the insane gas fees caused by the OtherSide mint, OpenSea trading volume closed the day with -8.9% - a total of $101.31M in total trading volume.
News:
Despite the immense hype surrounding the Otherside Deeds Mint, many have spoken out against the poorly written smart contract. Will Paper, the co-founder of Syndicate DAO, highlights 3 optimizations that would have saved users roughly 80% in transaction fees. (Source)
The Otherside Deeds Mint out and hits a floor price of 7 ETH ($23,596.94). (Source)
For those that lost gas fees from failed transactions, Yuga Labs will be refunding you. (Source)
god.eth receives an offer for 100 ETH from an anonymous wallet. The wallet currently holds 226 ETH, 25 Beeple pieces, 21 Treeverse, and 8 CloneX. (Source)
Solana goes down as the network becomes overloaded by NFT Minting bots. The bots submitted 4M transactions per second, which caused the consensus mechanism to fail. (Source)
Notable Sales:
MoonBird 5079 is sold for 300 ETH to a newly funded wallet! (Source)