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Bored Ape Creator Apologies After Ethereum Crash

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The Street

By Rob Lenihan Yuga Labs says it’s sorry for ‘turning off the lights on ethereum for a while’ during its metaverse property sale. Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, apologized after the sale of of its of metaverse property Otherside temporarily disrupted the ethereum blockchain and sent transaction fees skyrocketing. ‘We’ve Got Your Back'”We’re sorry for turning off the lights on Ethereum for a while. It seems abundantly clear that ApeCoin will need to migrate to its own chain in order to properly scale,” Yuga Labs said in a tweet. We’d like to encourage the…

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