An NFT Otherdeed reached a record value of $1.5 million

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2022-05-12 14:29:26

Yuga Labs, the issuer of NFT Bored Ape Yacht Club (BAYC), raised $1.5 million in cryptocurrency through a token sale representing the virtual land Otherdeed #59906. It is known to be a rare virtual land. The eighth from Yuga Labs metaverse Otherside project hit a record selling price on the NFT X2Y2 market on May 8th.

1 NFT Otherdeed reached a record value of $1.5 million

Otherdeed # 59906

Otherdeed #59906 of Yuga Labs metaverse project – Otherdeed, was acquired by n0b0dy.eth for 625 ETH ($1.5 million), setting the record for the highest transaction level in the above NFT series. Also, it’s followed by Otherdeed #33 (333.33 ETH) and Otherdeed #24 (333 ETH).

n0b0dy.eth is an avid NFT collector. Meanwhile, the seller “brickandmorty.eth”, who recorded a profit of more than 1.49 million USD, minted NFT a week ago for 305 Apecoin (equivalent to 6,000 USD at the time).

Project Metaverse Otherside

At the end of April, Yuga Labs’ Metaverse Otherside project sold out more than 55,000 Otherdeed NFT plots after only 3 hours of opening.

Yuga Labs raised over $320 million from the sale of “Otherdeeds” NFTs, the highest total revenue for an NFT project ever. These NFTs can be exchanged for virtual lands in the future Bored Ape-themed Metaverse called “Otheride”.

In addition, Yuga Labs announced another 45,000 Otherdeeds, with 10,000 claimable by Bored Ape Yacht Club (BAYC) owners (1 BAYC = 1 Otherdeed); 20,000 of Mutant Ape Yacht Club (MAYC) owners (1 MAYC = 1 Otherdeed); and 15,000 dedicated to Yuga and other project developers helping to create Otherside.

There will be a total of 200,000 other requests available. Meanwhile, the remaining 100,000 requests will be rewarded to “Voyagers” who hold other decisions and contribute to the development of others.

Data from CryptoSlam shows that other rated NFTs are currently in the top 10 collectibles by sales volume, reaching around $833 million within the first few days of launch. According to research results of The Block Research, this Top 10 highest revenue is between 700,000 and 1.5 million USD.

Otherseed has a high price

n0b0dy.eth bought Otherdeed #59906 NFT at an extremely high price, when its floor price was 3 ETH (about 7,200 USD). This shows that this person has high confidence in the future of the Otherside project.

The reason for this high price is that Otherdeed NFT is ranked eighth in terms of rarity on Rarity Sniper. The Block Research’s NFT analyst Thomas Bialek also said the NFT also contains a unique artifact called a mystery potion – the drug mentioned in the official Otherside trailer.

Yuga Labs is working with innovative game startups and Animoca Brands on the project.

Improbable, the UK-based metaverse technology company, said in a blog post that:

Others combine mechanics from massively multiplayer online role-playing games (MMORPGs) and Web3-enabled virtual worlds. A partnership with metaverse technology company Yuga Labs aims to create a MetaRPG universe where players rule the world, where any NFT can become a playable character and thousands can play. play at the same time.

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