This weekend, an NFT collector bought land in Yuga Labs’ Otherside metaverse for 625 ETH, or about $1.6 million at the time of the event. This investor also becomes the owner of a unique artifact of the game, namely the potion present in the game’s trailer.
A price record for the Otherside metaverse
This Sunday, the non-fungible token (NFT) collector n0b0dy.eth bought land from the metaverse Otherside for 625 ETH, or approximately $1.6 million when the transaction was completed. This is the biggest sale to date for the Yuga Labs virtual world.
During the launch coin, which took place on the night of May 1, the first buyer was able to buy this land and a second for a total of 610 ApeCoin (APE) and 2,029 ETH, or $16 to $17,000 at the moment. that time. So it is a more than substantial profit made by the sale of ground number 59 906.
With his purchase, n0b0dy.eth also becomes the holder of a unique artifact of the Otherside metaverse, namely the drink drunk by the Bored Ape in the trailer, who revealed the game to the general public:
Finally my mystery potion 👀https://t.co/PcZUgMZMo8@othersidemeta #nfts #NFTCommunity #OtherdeedforOtherside #X2Y2
— n0b0dy.eth (@nobody_vault) May 8, 2022
While the land was being sold, the congestion and the costs it had caused on the Ethereum (ETH) blockchain, it is understandable that some of the community has agreed to such an investment in light of its potential benefits.
As a reminder, the transaction costs were so high that 71,718.34 ETH were burned on May 1.
👉 To continue – ApeCoin (APE), a cryptocurrency for the Bored Ape Yacht Club (BAYC) community
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Maintaining popularity despite the market
While the cryptocurrency market is not in the best light, announcements surrounding metaverses continue to roll in steadily. The latest is the Financial Constable of Dubai, which joins the virtual world of The Sandbox, as well as the Vatican, which is launching a collection of NFTs in the metaverse.
As for NFTs, the sensational announcement of the moment remains Meta, coming to formalize the integration of this on his social network Instagram.
As for Yuga Labs, Otherside’s creative studio, the company announced last week that the reimbursement of costs for failed transactions on the sale of his land:
We have refunded gas fees to anyone who made a transaction that failed due to network conditions caused by the coin. The charges were sent back to the wallets used for the first transaction. Here’s how to find your refund… 🧵
— Yuga Labs (@yugalabs) May 4, 2022
When this metaverse is still young, the popularity of collections owned by Yuga Labs like Bored Ape Yacht Club (BAYC) and the CryptoPunks are off to a strong start. Everything has yet to be built there, though, and it’s too early to say whether it will be able to attract as many people as its competitors The Sandbox or Decentraland.
👉 Related – BAYC’s “Otherside” NFTs Sale Generates Over $560 Million In 24 Hours
Sources: Country 59,906, Sales Transaction, Coin Transaction, ETH Burned
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I timidly discovered the world of blockchain at the end of 2018 during my quest for financial freedom. Initially moderately invested, it was only two years later that I took the risk to bet everything on the movement that was taking shape at the time. Then I dedicate 2021 to training myself better to gain more knowledge and seriousness. As I often say, I still have a billion things to learn. And what I do know, I want to share with you.
Vincent Mayor
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