“The hope was that those challenges would be assuaged via a rigorous gating mechanism in the form of an on-chain KYC, a max mint of 2 per KYC’d wallet, and a significant clearing price at 305 Apecoin.” Statistics on May 1, 2022, indicate that there are 28,348 Otherdeed holders.

“We know that the Otherdeed mint was unprecedented in its size as a high-demand NFT collection, and that would bring with it unique challenges,” the team wrote. The BAYC collection’s creators Yuga Labs wrote about the mint after it was completed and discussed some of the network issues that took place. When the sale finished, 55,000 Otherdeeds were sold and the project raised close to $320 million from the sale. Think of it as a meta RPG where the players own the world, your NFTs can become playable characters, and thousands can play together in real-time.” “The game blends mechanics from massively multiplayer online role-playing games (MMORPGs) and Web3-enabled virtual worlds. “Otherside is a gamified, interoperable metaverse currently under development,” the website explains. The Otherside metaverse virtual land sale took place on Saturday, and a great deal of people purchased Ethereum-based NFTs dubbed “Otherdeeds.” Demand for the Otherside metaverse deeds propelled ethereum ( ETH) fees upwards, causing the average ether gas fee to rise dramatically. Otherside Metaverse Sees $320 Million Raised, Ether Fees Spike, Etherscan Crashes The Otherside metaverse virtual land sale raised close to $320 million by selling 55,000 parcels of Otherside land. On Saturday, the creators of Bored Ape Yacht Club (BAYC), Yuga Labs, revealed the Otherside metaverse virtual land sale which turned out to be one of the largest non-fungible token (NFT) mints to date.

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