The Permian-Triassic extinction event was an extinction event that occurred approximately 252 million years ago (mya), forming the boundary of the Permian and Triassic periods. It was the Earth's most severe extinction event, with about 90 percent of all marine species and 70 percent of terrestrial vertebrate species going extinct. For some time after the event, fungal species were the dominant form of terrestrial life.
And I had no idea. Fungi? Wow.