NFT fans lose millions in video game real estate sales

Updated:10:43 AM CET Jan,09

NEWS / RSS
CHEATS

REVIEWS

ARTICLES

HARDWARE

DEMOS

FORUMS

LINKS (new)

66 lottery login

91 club

okwin

bdg game

55 club

CONTACT

Please e-mail us if you have news.

Gameguru Mania News - May,08 2022 -

NFT fans lose millions in video game real estate sales - tech
(hx) 09:07 AM CEST - May,08 2022 - Post a comment / read (7)
The creator of the most recognizable NFTs available is again in the news for the wrong reasons. Bored Ape Yacht Club creator Yuga Labs recently made its Otherdeed collection available for purchase. It advertised the NFTs as a way to provide users with the ability to obtain land in its upcoming crypto-based MMORPG. Unfortunately, many fans instead walked away with nothing but disappointment, high transaction fees, and stolen funds. Yuga Labs sold Otherdeed NFTs via Opensea. The collection sold (or at least tried to sell) tokens to claim real estate and resources in Yuga's upcoming metaverse game, Otherside. The NFT drop netted approximately $310 million in just a few short hours. Unfortunately for Yuga Labs, the sale generated far more traffic than expected on the Ethereum blockchain. This increase in traffic resulted in Ethereum gas fees of up to $14,000 for some users and failed transactions for others. Gas fees are charges passed on to users to compensate for the computing energy of processing Ethereum transactions. To make matters worse, some who experienced failed purchases were still charged for the energy costs. According to Crypto Briefing, users paid $165 million in gas fees during the sale due to Otherside's poorly developed smart contract code.

The attack resulted in millions of dollars in NFTs being stolen and sent to scammer's wallets. ZachXBT, a self-proclaimed crypto "rug pull" (scam) survivor and on-chain transaction investigator, has identified several fraudulent sites and wallet addresses, one of which appears to have earned more than $5 million from unsuspecting users.

We have refunded gas fees to everyone who made a transaction that failed due to network conditions caused by the mint. The fees have been sent back to the wallets used for the initial transaction. Here’s how to find your refund… ?
— Yuga Labs (@yugalabs) May 4, 2022

last 10 comments:

Csimbi	(10:44 AM CEST - May,08 2022 )
Facebook will have the same thing happening when the bubble bursts.

Sabot	(11:47 AM CEST - May,08 2022 )
Facebook just went up this year after lockdown lifted to 2million users since January. As for this garbage. Get a life….

Csimbi	(01:06 PM CEST - May,09 2022 )
Yeah, Facebook is still inflating the bubble.

spectra9	(08:49 PM CEST - May,09 2022 )
What's with everyone's fascination with this stupid ape crap?

Csimbi	(12:34 PM CEST - May,15 2022 )
Seems to me the bubble is going to burst sooner than I expected.

TrudiePagac	(09:58 AM CEST - Jul,01 2022 )
Facebook is growing so strong, it feels like it's impossible to stop this giant. [URL=https://gartic-phone.io][size=1:70e142ec0b][color=white:70e142ec0b]gartic phone[/color:70e142ec0b][/size:70e142ec0b][/URL]

All comments

Add your comment (free registration required)

Related news:

New Resident Evil Requiem Gameplay Should Make RE1 Fans Happy - briefly (Dec 04 2025)

Gearbox CEO Says Borderlands 4's "Real Fans" Will Find a Way to Pay $80 - briefly (May 21 2025)

Noctua Finally Did It | NH-D15 G2 Launching, Thermosiphon, & Fans - tech (Jun 04 2024)

Forspoken's High PC Requirements Sparks Concern Among Fans - briefly (Jan 20 2023)

Why has the number of gaming fans has been exponentially growing lately? - gameguru review (Jun 09 2022)

Silent Hill fans hoping to get first peek of new game - gameguru review (Nov 25 2020)

Final Fantasy IX Fans Create PC Mod - mod&map (Apr 21 2019)

2K asks fans to tell Belgium they want loot boxes - briefly (Sep 03 2018)

Resident Evil Nintendo 3DS game angers fans - console (Jun 30 2011)

Doom 4 will be a game classic Doom fans - briefly (Apr 19 2011)

Monolith blames loss of F.E.A.R. fans on expansions - briefly (Dec 29 2008)

A Open Letter To Doom Fans From Dave Callaham - briefly (Dec 14 2004)

Wasteland Wolf Announced - Fallout fans take note! - briefly (Jan 14 2002)

related cheats/trainer:

no results found

Links

Search results for -fans- :

CM Portugal (cm2, cm3, cm99/00, cm4) - This is the Portuguese Championship Manager fans Site. It includes many files for download, suck as editors, menubars, backgrounds, updates, enhancement packs, CM3 full version game... Visit us ! (16015 hits)
The Independent Gaming Source - The Independent Gaming Source is a news site for fans and developers of the indie gaming community (12719 hits)
GTA - San Andreas - fansite / news (8125 hits)
Terra Arcanum - Arcanum: Of Steamworks & Magick Obscura fansite (3044 hits)
GTA San Andreas.net - Grand Theft Auto: San Andreas fansite (2643 hits)
DeusEx-Machina - Deus Ex fansite (2547 hits)
Stronghold 2 Heaven - great fansite for Stronghold 2 (2445 hits)
Age of Mythology Heaven - Age of Mythology fansite (2414 hits)
SpellForce Companion - fansite for this 3D role-playing strategy game by Phenomic (2250 hits)
BFME II Heaven Games - The Lord of the Rings: The Battle for Middle-earth II fansite (1834 hits)
Outpost #31 - The Ultimate THE THING Fan-Site - Outpost #31 is THE site for fans of John Carpenter's The Thing. News, rumors, conversation, graphics, and more! (1783 hits)
MultiEx Commander - With MexCom it is possible to open and edit game resource archives of hundreds of games, and the number is always increasing with the latest titles. MexCom has a strong community of game file researchers and fans. MexCom is produced by the Dutch Xentax Foundation, a non-profit organisation that aims to enhance the quaility of the internet experience, hence also the quality of gaming. (1772 hits)
Snooty Sims - The Sims 2 fansite with downloads! (1672 hits)
HL2Central - Half-Life 2 fansite (1616 hits)
Civilization Fanatic's Center - Civilization III fansite (1576 hits)
Dungeon Siege Heaven - Dungeon Siege fansite (1503 hits)
Call of Duty Element - Call of Duty fansite (1467 hits)
Jedi Outcast News - Star Wars Jedi Knight II: Jedi Outcast fansite (1466 hits)
Viva Pinata Wiki - This unofficial fansite has information on Viva Pinata the Xbox 360 game, (1463 hits)
Camelot-Castle - News/fansite, with a touch of humor (1228 hits)
Civilization Gaming Network - Civilization fansite (1194 hits)
Halo 2 Vista Fansite - The unofficial fan site and forums for the PC port of Halo 2. Come visit and explore Microsoft's Halo 2 for Windows Vista (1190 hits)
Total War Center - Rome Total War fansite (1187 hits)
GTAGaming - Grand Theft Auto San Andreas fansite (1186 hits)
Civ City - Civilization III fansite (1161 hits)
Rise of Nations Heaven - Rise of Nations fansite (1149 hits)
HalfLife Source - Half-Life 2 fansite (1122 hits)
Apolyton - Rise of Nations fansite (1041 hits)
Realms Beyond Civilization - Civilization fansite (1012 hits)
Gothic - RPG.dot's Gothic fansite (977 hits)
Hellgate Guru - the premier Hellgate: London resource and fansite on the web, with content ranging from game-related information such as weapons and equipment, to community-related content like a list of clans (918 hits)
The Next Game - Darwinia fansite + mods (910 hits)
New Apolyton Civilization Site - Civilization III fansite (905 hits)
Grim Fandanfo Network - Nice fansite for Grim Fandango and Psychonauts (895 hits)
Dolmen.ws - Warrior Kings fansite (889 hits)
Red Baron Players - HQ for Dynamix`s RB fans (887 hits)
Totally Unreal - Unreal/UT fansite (871 hits)
Nintendo Wii Fanboy - Wii fansite (856 hits)
Middle Earth center - The Battle for Middle Earth fansite (853 hits)
RCT2 - Rollercoaster Tycoon fansite (832 hits)
The Art of Magic Fansite - Technical site, due to include issues such as zone connectivity. (824 hits)
Planet The Sims - The Sims 1/2 fansite (818 hits)
BFME II Levels-4-U - The Lord of the Rings: The Battle for Middle-earth II fansite (815 hits)
Payne Reactor - Max Payne fansite (776 hits)
Yahoo Discussion Group (Tropico) - This list is for players and fans of Tropico, the island nation simulator game from PopTop (769 hits)
Supreme Commander HQ - Supreme Commander fansite (766 hits)
S.K.I.L.L.- Special Force 2 - Tailored for fast-paced multiplayer action, the title offers everything that pumps the adrenaline in the hearts of shooter fans: numerous weapons and equipment, individually customisable characters, varied maps and a grand selection of varying game modes (765 hits)
BFME II Filefront - The Lord of the Rings: The Battle for Middle-earth II fansite - new maps (760 hits)
Age Of Wonders Heaven - great AoW fansite (760 hits)
Bioshock - Through the Looking Glass - Bioshock fansite (758 hits)

External links

AEW: Fight Forever - Freebie 4 da Fans PC game found on STEAM...

CoulroFans PC game found on STEAM...

Fisher Fans VR PC game found on STEAM...

Hentai Leaked!? Only for Fans PC game found on STEAM...

Holo Hidden - My Lovely Fans Can't Be This Hidden PC game found on STEAM...

HoloCure - Save the Fans! cheats PC found on CHEATBOOK...

HoloCure - Save the Fans! PC game found on STEAM...

Monster Hunter Rise - "For the Fans" gesture set PC game found on STEAM...

Only Fans PC game found on STEAM...

Security: Stories by the fans PC game found on STEAM...

StreamFans PC game found on STEAM...

Tales from the fans PC game found on STEAM...