Otherside land NFTs sell out in hours as Yuga Labs rakes in $317 million

In the end, on-chain data revealed the Otherdeed gas war led to the sale running up an additional $172 million in transaction fees.

After today's mint, BAYC and MAYC holders will also be able to claim free land during a 21-day period.

More than 27,000 users bought the 55,000 available Otherdeed NFTs of a total 100,000 minted. The remaining 45,000 are included in an airdrop open to existing holders of BAYC and MAYC NFTs. As a highly anticipated NFT release, the Otherdeed mint caused gas fees on the Ethereum blockchain to soar to 8,000 GWEI, per data fromresulted from a gas war — a situation in which many Ethereum users tried to buy NFTs at the same time and outbid each other by using the network's transaction fees. Such bids can cause the fees on the blockchain to spike, as was the case today.

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