$100M spent on ETH gas fees for $200M of NFT sales

Re:$100M spent on ETH gas fees for $200M of NFT sales by anderspitman on Sunday May 01, 2022 @11:53AM (#31226036)

For someone who only casually watches crypto, is it a full-on emperor has no clothes at this point, or is it actually providing real value and there's just a lot of FUD?

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Re:$100M spent on ETH gas fees for $200M of NFT sales by mailbag on Sunday May 01, 2022 @02:10PM (#31227287)

Users exchanged $100M for the ability to mint an NFT on Ethereum. We can argue about NFTs, but I'm confident these users felt like they received something of real value in return.

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Re:$100M spent on ETH gas fees for $200M of NFT sales by faangiq on Sunday May 01, 2022 @01:09PM (#31226647)

Nah even Vitalik calls it a scam these days

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Re:$100M spent on ETH gas fees for $200M of NFT sales by yunohn on Sunday May 01, 2022 @02:33PM (#31227474)

Could you source that? It’d be a great post to read.

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Re:$100M spent on ETH gas fees for $200M of NFT sales by Stevvo on Sunday May 01, 2022 @04:19PM (#31228289)

Ironically the Ethereum ecosystem was providing real value before the gas fees got too damn high. It just got too expensive for many use cases to be feasible.

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Re:$100M spent on ETH gas fees for $200M of NFT sales by rsynnott on Monday May 02, 2022 @12:19PM (#31237163)

Well, it’s providing significant entertainment value; does that count?

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