Yuga Labs, Bored Ape Yacht Club (BAYC) NFT collection creator, announced on Twitter that it has reimbursed the gas fees or transaction cost of every person who was unable to buy digital land of Yuga Labs’ Otherside metaverse due to technical problems.
Yuga Labs confirmed the news in a Twitter thread:
“We have refunded gas fees to everyone who made a transaction that failed due to network conditions caused by the mint. The fees have been sent back to the wallets used for the initial transaction.”
Multiple purchases and reimbursement for failed transactions
Yuga Labs earned $320 million by selling Otherdeed Non-Followable Tokens (NFTs), thanks to the minting of these tokens.
Etherscan data showed that the company spent 90.57ETH ($265,000) on nearly 650 individuals to reimburse them. The largest refund, 2.6ETH ($7.500), was to one person.
For the company to ensure that the process was efficient, they tapped a MultiSender, a dApp that doesn’t need a wallet to interact with or even confirm the contract before receiving a payment, to distribute the funds to their respective owners.
MultiSender will combine multiple transactions that failed with one refund.
The date you received your refund for gas fees is shown there https://t.co/ZnYDm173iI. You can combine multiple failed transactions into one refund.
— Yuga Labs (@yugalabs) May 4, 2022
The NFT Mint that is the largest in the NFT World
The highly anticipated Yuga Labs NFT land sale of “Otherside’’ has shaken the Ethereum blockchain by becoming one of the largest NFT mints in the history of the NFT world. It has also set records for the gas fee, with some buyers spending thousands of dollars to get a single NFT that they didn’t receive.
We are sorry to have turned off the lights for Ethereum for a bit. ApeCoin must migrate to its chain to be able to scale. This is evident. We encourage the DAO in this direction.
— Yuga Labs (@yugalabs) May 1, 2022
Yuga Labs posted last weekend that they were reimbursing money to people who had made bad transactions.