Yesterday saw one of the most highly-anticipated collections of non-fungible tokens go through its public sale. As expected, the event was heavily populated by bots, and one of them managed to mint 950 tubby cats, spending 200 ETH in gas in the process.
explaining tubby cats
Tubby Cats is a collection of 20,000 unique non-fungible tokens (NFTs) that went through its whitelist and public mint during this week. In an effort to encourage decentralized ownership of NFTs and produce as many holders as possible, the team behind the project has whitelisted nearly 20,000 people capable of hitting a tubby cat for the price of 0 .1 ETH.
This is what some of them look like:
However, of those 20,000 spots, about 15,000 were hit and the rest were made public. As the project developers and many other NFT proponents have warned, the event was populated by bots.
In fact, the developer of the project’s smart contract even detailed the expected gas prices for the public mint prior to the event.
Here are the robots
As is the case with all highly anticipated public currencies, the event was instantly hacked by bots. One of them managed to catch 950 tubby cats, spending 100 ETH for mint and 200 ETH (worth around $500,000) for gasoline.
Was it worth it? Well, breaking the mat shows that the person spent roughly around 0.315 ETH per tubby. At the time of this writing, the floor price sits at around 0.47 ETH, although this fluctuates massively. So, ultimately, it would depend on the project’s performance in the mid term.
Interestingly enough, one of the most popular crypto Twitter participants – Cobie, formerly known as Crypto Cobain – said he was the one who hit the tubbies. However, he later clarified that was not the case.
