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NFT Term

Gas Wars

Definition of Gas Wars from the NFTguild.com glossary.

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When a new and popular NFT drop is happening, and 1000s of people are simultaneously trying to mint the same NFTs there can be a rapid increase in Ethereum gas fees. This results in NFT collectors increasing their gas limits to incentivize Ethereum miners to prioritize their transactions over others with lower gas limits. Since Ethereum miners and validators prioritize those who are willing to pay more gas, these scenarios result in what is commonly referred to as a “Gas War”.