Someone paid $553,000 in gas fees to mint an NFT.
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Answer Someone paid $553,000 in gas fees to mint an NFT.
Someone paid 200 ETH ($553,064) in gas fees to mint 1,000 non-fungible tokens from the Tubby Cats hotspot.
As the project became the talk of the public and private within the sprawling community of NFT.
On February 22, “Tubby Cats” became the number one project in leading NFT platform “OpenSea” in terms of trading volume.
The 48-hour whitelist release of the project began last Monday, after which the rest of the code was made publicly available.
Twitter user 0xngmi calculated the gas prices and cost associated with each of these tokens:
For people involved in general minting, these are the gas prices we’re likely to see (between the two bars) and the associated cost per gallon.
Read:Reddit joins the NFT race and begins testing the technology in profile pictures
If you are going to bid less than these gas prices, do not participate in MINT because your tx will fail.
Also: Always mint 5 tubbies pic.twitter.com/TtfieJbkNV
– 0xngmi (@0xngmi) February 23 2022
At the time of publication, the minimum price for one Tubby Cats token is estimated at 0.48 ETH ($1291).
The Tubby Cats collection, made up of 20,000 NFTs, currently includes 10,700 unique holders.
Recently, these cute-faced cats have become the new friends of the NFT community on Twitter.
The project uses a progressive detection system, which prevents NFT creators from picking up rare items for themselves at much lower prices.
As the name implies, the “tubbies” are gradually revealed during the minting process in batches, each batch consisting of 1,000 items.
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