Time Magazine NFT Disaster

But the sale rush also clogged the Ethereum blockchain, sending gas fees through the roof...Dubbed “TIMEPieces”, each token in the collection was priced at .1 ETH, or around US$310. But because of the exorbitant transaction fees, one address paid US$70,000 for just 10 Time NFTs.

Gee, wish I could afford that kind of "error."