CyberKongz: $4M burned in 24 hours...These NFT Gorillas Burned $90,000 Ethereum Per Minute!!

By Altcoin Edge Youtube | Altcoin Edge Analysis | 17 Aug 2021

CyberKongz VX was largely responsible for the huge amount of Ethereum burned this weekend. CyberKongz, a collection of monkey themed NFTs, has burned $4 million (~£2.88 million) in ETH fees in the past 24 hours. The artworks have caused gas prices to skyrocket. source

The Ethereum network hit a peak burn rate of 27.90 ETH per minute Sunday as users competed to mint CyberKongz VX NFTs. source

Watch this video which explain Cyberkongz under 8 minutes;
What it is and How to get involved - published just hours before the big burn on Ethereum:

Resources

Cryptocurrency Ethereum (ETH) Crypto News NFT Non Fungible Tokens NFT

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