What Really Happened To ApeCoin’s Otherside Metaverse Land Sale

The Otherside Metaverse Land Sale took place earlier today and sold out within minutes, selling more than $ 200 million worth of virtual real estate on ApeCoin’s upcoming Metaverse. Each plot of land costs 305 APE, or about $ 5,000 in writing. Unfortunately, due to high channel user activity during the land sale, users suffer unexpected gas charges of up to $ 5,000 in some situations!

Those lucky enough to hit an NFT Otherside can now sell it on OpenSea for over $ 15,000, which is a quick profit of $ 10,000.

Source: OpenSea

If you’re still determined to buy land in ApeCoin’s next Metaverse, you can visit the official OpenSea Otherdeed for Otherside collection, which has 92,000 items with over 30,000 owners and a floor price that 5.55 ETH at the time of writing.

What happened during La Monnaie?

The Bored Ape Yacht Club Otherside mint broke the Ethereum blockchain as gas bills hit a recent high of more than $ 5,000 per transaction.

Some Reddit users claim that the Ethereum chain is not the cause and that the problem is related to the Otherside contract, which led to the failure of the transactions:

“No Txs have failed, it’s their bad contract and it seems like just an excuse to start their own channel” -mucker113

In addition, some suggest that Yuga Labs could save users up to $ 80 million in transaction fees if they use base gas optimizations in their NFT contract, as described in this Reddit thread.

In response to the intense demand and throttling of the Ethereum blockchain, Yuga Labs announced on Twitter that ApeCoin would have to migrate its chain to support the infrastructure.

The move is similar to Axie Infinity, which built its Ronin chain to satisfy user and transaction needs without putting too much pressure on other Layer 1 blockchains, which are not designed to handle high-transaction and low-cost transactions. activity. broadband such as NFT mints, metaverse crypto games, and more.

The Otherside NFT mint is one of the largest in history, and the trading volume of 78k ETH ($ 218 million) is not even 24 hours after the mint speaks for itself.

What is the other side?

Otherside describes itself as a gamified and interoperable metaverse under development. Its game will feature a user-powered Web3 MMORPG-style experience. BAYC and MAYC NFTs will include playable characters that allow thousands of players to play simultaneously.

Otherside’s unique features include up to 10,000 players interacting on the same map, natural in-world voice chat that makes it easy to hear who your opponent is, advanced physics and AI supporting complex entities, and interactive, and a whole next level of social experience for gamers.

In addition, using the Otherside SDK, developers and creators will be able to create unique outfits, tools, structures, and even games for users to purchase and use in Metaverse.

What else works?

Otherdeed is the key to acquiring land on the Otherside. Each has a unique mix of environment and foundation – some have resources, some have powerful artifacts. In some rare lands, a creature called Koda exists.

See an example below of several properties and statistics for an Otherside NFT:

list of properties different from others

Some actions are only available to purchase OpenSea from the official OthersideMeta collection.

If you haven’t already, we recommend checking out Otherside’s official site, which includes a weird trailer for the upcoming Metaverse, which showcases the unique design behind the project.

ApeCoin price

Unfortunately, while many expected the price of ApeCoin to be strong after the selloff, APE fell 18%, now selling at $ 16.43.

apecoin coinmarketcap price
Source: CoinMarketCap

The drop in prices is likely due to many issues encountered by users while selling, such as high gas fees and failed transactions. After all, if you spend hundreds or even thousands on gas bills just to fail your transaction, you get angry at Yuga Labs and throw away your APE bag.

The good news is that the price of ApeCoin is likely to recover next week because there is an obvious demand for the cryptocurrency and this is expanding its usefulness.

In addition, the simple request for the sale of the land on the Otherside showed the support of the community behind the project, which surpassed all other Metaverse crypto coins on the market.

Disclosure: This is not trading or investment advice. Always do your research before buying a Metaverse crypto coin.

Also read:

Top 5 Move-To-Earn Crypto Coins to Watch in April 2022

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