It still feels a bit weird that we call it an "event" when it took millions of years, and then another 800 million years before anything came along that could breathe oxygen, leading to bacteria repeatedly nearly killing themselves off during that entire period[0].
I wonder if this fungus-like discovery changes any of that story.
[0] https://www.patheos.com/blogs/daylightatheism/2009/02/bands-...