Disgruntled Community Members have Taken to Twitter to Express their Displeasure
Otherdeeds NFT has been in the news due to their recent mint. Disgruntled community members are accusing Yuga Labs of fraud, manipulation, and preferential treatment over the Otherdeeds NFT mint. Disgruntled community members have taken to Twitter to express their displeasure with Yuga Labs’ handling of the Otherdeeds nonfungible token (NFT) mint.
It was a huge success for Otherdeeds NFTs when they were released, selling out within a few hours. Since there was so much demand, Ethereum gas prices increased dramatically, making users spend between 2.6 and 5 Ethereum to complete transactions.
In spite of this, many people in the community remained unimpressed. In the wake of the mint’s “design to fail” Twitter user RandomGuyonct claims that a number of individuals believe that the mint was “planned to fail” in order to emphasize the launch of the organization’s own blockchain.
Twitter Users give Conspiracy Theories about Otherdeeds
In addition, Mark Beylin, a user on Twitter, accused Yuga Labs of revealing their genuine colors and declared that he has liquidated all Ape-related NFT holdings. The founders of Yuga Labs, according to Beylin, are evil individuals
Just finished exiting all of my Ape related NFTs
now that Yuga has revealed their true colors, I can't unsee it
con artists of the highest order
— Mark Beylin (@MarkBeylin) May 2, 2022
Failure to complete a transaction has resulted in the loss of ETH for certain users. Any lost gas costs from the failed transactions will be reimbursed by Yuga Labs, on the other hand.
CryptoFinally mentioned in a recent tweet that Yuga Labs provided better land to members of the Bored Ape Yacht Club (BAYC) than to non-members. “Non-BAYC members paid significantly poorer land, while BAYCS obtained the sole suitable acreage,” they stated.
The drop in Otherdeed NFT also pushed Ethereum’s burn rate to a new all-time high. According to Glassnode and Statistics Always data, around 70,000 ETH were burned on the day of the mint.
Also Read: Otherdeeds mint Causes outrage