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602. Bored Apes Crash Ethereum + Solana Crashes Again | Can Crypto Handle NFT Gaming Yet?

602. Bored Apes Crash Ethereum + Solana Crashes Again | Can Crypto Handle NFT Gaming Yet?

FromTech Path Crypto Investing


602. Bored Apes Crash Ethereum + Solana Crashes Again | Can Crypto Handle NFT Gaming Yet?

FromTech Path Crypto Investing

ratings:
Length:
36 minutes
Released:
May 2, 2022
Format:
Podcast episode

Description

This weekend took a massive blow to the crypto community as NFT titans Ethereum & Solana suffered major gas fees and outages, sparking severe doubt in blockchain capabilities for NFT gaming (and transactions in general). The Otherside Metaverse NFT (Bored Apes) mint spearheaded by Yuga Labs is thus far the largest in blockchain history. The mint congested the Ethereum network raising network fees to as high as 8,000 Gwei. Some users paid as much as $7k in fees. Meanwhile, Solana again faced a crash as there has been an increased number of transactions flooded by the Candy Machine NFT bots causing network congestion. Blockchains often have an issue with scaling as they are quite inept in terms of handling the traffic that Web2.0 can handle without encountering major issues. ~This episode is sponsored by iTrust Capital~iTrustCapital | Get $100 Funding Reward + No Monthly Fees when you sign up using our custom link! ➜ https://bit.ly/iTrustPaul#BAYC #NFT #Ethereum~Bored Apes Crash Ethereum + Solana Crashes Again | Can Crypto Handle NFT Gaming Yet?~⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺Become a Diamond Circle Member FREE! ➜ https://bit.ly/PBDiamondCircleSubscribe on YouTube ✅ https://bit.ly/PBNYoutubeSubscribeFacebook ? https://bit.ly/PBNfacebookTwitter ? http://bit.ly/PBNtwitterCrypto Power Index Beta Access ➜ https://bit.ly/CryptoPowerIndexLooking for the best tax havens for Crypto? Free Month with iTrust Capital - Use PROMO CODE - PAUL BARRON https://rebrand.ly/PAULBARRON
Released:
May 2, 2022
Format:
Podcast episode

Titles in the series (100)

Hosted by award-winning journalist, futurist, and computer science expert Paul Barron. Tech Path features insights and analysis on Crypto and Blockchain innovation that is ushering in web 3.0. This podcast dives into crypto news, reviews, research, and interviews with the leading experts and change agents defining the future of crypto and blockchain.