What Happened During the Otherside’s Mint?

A few days ago, Bored Ape began its venture into meta real estate by dropping the Otherside Meta. During this drop, everyone had their jaw dropped at how expensive the mint process was, but why is that?

Everyone knew the minting process was going to be expensive because Yugo Labs wanted to get a little bit of money($370 million) in comparison to the resell market, but that’s not why it was so expensive.

The drop was exclusively in Ape Coin, in which the coin itself is built off the Ethereum blockchain. This resulted in extremely high gas fees, $160 million to be exact. Yugo Labs even said themselves later on Twitter that the Ethereum blockchain could not handle and they will build their own blockchain. 

With the hype that Bored Ape, the Otherside Meta, and Yugo Labs have in general, do you think Ape coin will surpass Ethereum to become the new silver of cryptocurrency? We will definitely find out in the next few years.