Ethereum Gas Burns a $26 Million Hole in the Pocket of VaynerSports NFT Users

the VaynerNFT Sports Pass The project came under heavy criticism on Tuesday after users spent three times the amount of the NFT sale just on gas fees.

What happened: The VaynerSports Pass NFT Collection was launched by AJ Vaynerchukbrother of a prominent internet personality Gary Vaynerchuk also known as Gary Vee.

The much-awaited public currency went live on Tuesday, but users found themselves paying a cumulative $26 million in gas fees. Meanwhile, the total amount raised from the NFT sale was only $8.6 million.

AJ Vaynerchuk addressed the issue on Twitter Inc. TWTR calling the Mint a “failure” on his part.

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