NFT trader paid $500,000 in gas fees to mint 1000 Tubby Cats NFT

One person paid 204 ETH, which roughly translates to $553,000 as gas fees for a transaction. But it cost 300 Ether ($785,640) in order to mint 1,000 tokens.

On Feb. 22, Tubby Cats became the number one project on the flagship NFT marketplace OpenSea by trading volume.

The 48-hour whitelist mint for the project kicked off on Monday. The rest of the tokens became accessible to the public.

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