Community Outrage: The Aftermath of the Otherdeeds NFT Mint Event

Discontent Among the Crowds

The Otherdeeds NFT mint from Yuga Labs started with a huge bang, selling out so fast that it could give Usain Bolt a run for his money. However, what followed was a wave of grievances as community members took to Twitter, sharing their dissatisfaction with how the event was managed.

The Gas Fee Rollercoaster

With almost every user eager to grab a piece of the action, Ethereum gas fees skyrocketed. Participating in the mint felt more like gambling on a game show than a simple transaction, with users reporting fees anywhere from 2.6 ETH to a jaw-dropping 5 ETH — enough to buy a used car! A complete recipe for a meltdown, don’t you think?

Conspiracy Theories Afloat

As chaos reigned supreme in the Twitterverse, speculation began swirling. One user, RandomGuyonct, raised a provocative theory that the entire mint was “planned to fail” to pave the way for Yuga Labs to announce their own blockchain. Citing a tweet hinting at chain migration, the plot thickens! Who knew NFTs could fuel conspiracy theories?

“We’re sorry for turning off the lights on Ethereum for a while…” – Yuga Labs tweet

Defections and Accusations

As the fallout continued, accusations of bad faith surfaced. Twitter user Mark Beylin voiced his grievances, claiming he exited all Ape-related investments, branded Yuga Labs as “con artists of the highest order,” and encouraged others to watch their backs. Ouch! That’s a bold move, leaving a 10-foot pole in his wake.

The Refund Promise

Among the turmoil, Yuga Labs promised to refund gas fees lost during failed transactions. The show must go on, right? However, for many who missed out on their desired NFTs, this was cold comfort as they stewed over their lost ETH. Meanwhile, CryptoFinally chimed in, accusing Yuga Labs of giving better land parcels to loyal Bored Ape Yacht Club (BAYC) holders. It’s always tough to play second fiddle, isn’t it?

The Burning Question

The drama surrounding the Otherdeed drop didn’t stop with refunds and accusations. Ethereum’s burn rate soared to an astonishing new high, with nearly 70,000 ETH evaporating into thin air on mint day. The excitement might have been real, but for some, so were the losses!

While Cointelegraph attempted to reach out for Yuga Labs’ side of the story, it seems their reply got lost in the same digital void as the ETH some users claimed to have lost. In this wild wild west of the NFT community, one thing is clear: always have a backup plan!