Bored Ape metaverse frenzy raises millions, crashes Ethereum

Bored Ape metaverse frenzy raises millions, crashes Ethereum

Yuga Labs, the creator of the popular Bored Apes Yacht Club collection of NFTs, launched a sale Saturday of virtual land related to its highly anticipated metaverse project, raising about $320 million worth of cryptocurrency in the largest offering of its kind. Demand was so strong that activity related to the event caused ripple effects […]

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