Otherdeeds NFTs are the virtual lands of Yuga Labs’ the Otherside metaverse
On April 30, Otherdeeds, the Otherside metaverse virtual lands, sold out within minutes despite skyrocketing gas fees, generating around $320 million for Yuga Labs. Now that all deedowners have revealed their land parcels, the most expensive one sold on the secondary market for close to $1 million.
- The Otherdeeds land sale led to a dramatic rise in gas prices on the Ethereum blockchain. As a result, those lucky enough to buy one during the public sale actually experience asset value shrinking by around 10% now.
- NFT whale Punks OTC spent almost $1 million on Otherside #24, making it the most expensive Otherdeeds land parcel to date.
- Otherside NFT collection has seen 210,000 ETH or $597 million in trading volume since launch.
The Otherdeeds NFT land sale was arguably the most anticipated NFT project in the crypto world. Starting at 9 pm ET on April 30, the land sale ignited a buying frenzy…