{"id":5603,"date":"2022-05-03T08:37:40","date_gmt":"2022-05-03T06:37:40","guid":{"rendered":"https:\/\/costops.com\/index.php\/2022\/05\/03\/yuga-labs-apologises-after-sale-of-virtual-land-crashes-ethereum\/"},"modified":"2022-05-03T08:37:40","modified_gmt":"2022-05-03T06:37:40","slug":"yuga-labs-apologises-after-sale-of-virtual-land-crashes-ethereum","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/05\/03\/yuga-labs-apologises-after-sale-of-virtual-land-crashes-ethereum\/","title":{"rendered":"Yuga Labs apologises after sale of virtual land crashes Ethereum"},"content":{"rendered":"<p>Demand for plots of land in multiplayer game Otherside was so high it overwhelmed the Ethereum blockchain<\/p>\n<p>A multi-billion dollar cryptocurrency company has apologised to users after its sale of \u201cmetaverse land\u201d sparked a frenzy that temporarily brought down the Ethereum cryptocurrency.<\/p>\n<p>Yuga Labs, the company behind the <a href=\"https:\/\/www.theguardian.com\/artanddesign\/2022\/jan\/04\/bored-ape-nft-art-eminem\">Bored Ape NFTs<\/a> beloved of Jimmy Fallon and Paris Hilton, announced the sale of its latest tokens \u2013 representing plots of land in a forthcoming multiplayer game called Otherside \u2013 on Sunday. A total of 55,000 plots were sold, at a flat price of 305 ApeCoin (a currency created by Yuga), which is worth about \u00a34,500 at current exchange rates.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/may\/02\/yuga-labs-apologises-after-sale-of-virtual-land-crashes-ethereum\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/e6382b02449503a6456ab870dbc394d5752212ad\/0_117_3500_2101\/master\/3500.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=50305420173684d582b565170de6343d\" title=\"Yuga Labs apologises after sale of virtual land crashes Ethereum\" \/>Demand for plots of land in multiplayer game Otherside was so high it overwhelmed the Ethereum blockchain<br \/>\nA multi-billion dollar cryptocurrency company has apologised to users after its sale of \u201cmetaverse land\u201d sparked a frenzy that temporarily brought down the Ethereum cryptocurrency.<br \/>\nYuga Labs, the company behind the Bored Ape NFTs beloved of Jimmy Fallon and Paris Hilton, announced the sale of its latest tokens \u2013 representing plots of land in a forthcoming multiplayer game called Otherside \u2013 on Sunday. A total of 55,000 plots were sold, at a flat price of 305 ApeCoin (a currency created by Yuga), which is worth about \u00a34,500 at current exchange rates. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Demand for plots of land in multiplayer game Otherside was so high it overwhelmed the Ethereum blockchain A multi-billion dollar cryptocurrency company has apologised to users after its sale of \u201cmetaverse land\u201d sparked a frenzy that temporarily brought down the Ethereum cryptocurrency. Yuga Labs, the company behind the Bored Ape NFTs beloved of Jimmy Fallon &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2022\/05\/03\/yuga-labs-apologises-after-sale-of-virtual-land-crashes-ethereum\/\"> <span class=\"screen-reader-text\">Yuga Labs apologises after sale of virtual land crashes Ethereum<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":5604,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/5603"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=5603"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/5603\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/5604"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=5603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=5603"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=5603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}