Crypto Crisis Chronicles: The Seven Staggering Gas Fees Tales

The NFT Boom and Bust

Next, we delve into the world of Non-Fungible Tokens (NFTs). The NFT boom in early 2021 led to a surge in Ethereum gas fees, due to the high demand for NFT minting and trading. However, the bubble soon burst, and many NFT investors were left with worthless tokens and hefty gas fees. This tale serves as a cautionary reminder of the risks and costs associated with speculative crypto trends.