Not only that, They have to refund the ETH to everyone. (minus the high gas fees that were paid)
It is perhaps due to the high gas fees with the ETH price volatility and showing the total amount funded publicly which costed them since they were unable to afford the additional auction costs.
Perhaps better alternative blockchains that are designed to scale with very low transaction fees and support smart contracts with EVM compatibility, would have been better for this use case.
Clearly Ethereum has let down the web3 crowd once again on this occasion. What a shame.
It is perhaps due to the high gas fees with the ETH price volatility and showing the total amount funded publicly which costed them since they were unable to afford the additional auction costs.
Perhaps better alternative blockchains that are designed to scale with very low transaction fees and support smart contracts with EVM compatibility, would have been better for this use case.
Clearly Ethereum has let down the web3 crowd once again on this occasion. What a shame.