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Cryptocurrency News

$72M Illuvium NFT Land Dutch auction saves buyers thousands on gas fees

06/08/2022

Less than a minute

2022.06.08 06:01

Open-world blockchain game Illuvium managed to keep the average transaction fee for its nonfungible token (NFT) Land at about $20 by holding the Dutch auction on the Illuvium X Layer-2 scaling solution.

The price to mint the NFTs was a fraction of the cost users paid to mint in Yuga Labs’ Otherside sale. Illuvium reports that users spent only $350,000 in fees in total to mint nearly 20,000 plots of Land worth about $72 million, all without any reported network errors.

Source

06/08/2022

Less than a minute