Metapedia - [ 3MetaDictionary ]
July 20, 2022
NFT terms you need to know: Gas!
When buying an NFT, you have to pay for the token itself as well as a transaction fee called "gas fee", which is a fee that users pay to miners. Gas fees fluctuate, so when there is a highly anticipated NFT coming out, users may have to compete against each other by offering higher gas fees. This is when a gas war occurs.