The land in the Otherside metaverse was sold for $ 1.6 million

A record price for the Otherside metaverse

This Sunday, non-fungible token (NFT) collector n0b0dy.eth is available purchased land from metaverse Otherside at 625 ETH, or approximately $ 1.6 million when the transaction was completed. This is the biggest sale to date for the virtual world of Yuga Labs.

During the mint launch, which took place on the night of May 1, the first buyer was able to claim this land as well as a second for a total of 610 ApeCoin (APE) and 2,029 ETH, or $ 16 to $ 17,000 at this time. at that time. This is a more than enough profit to be made the sale of land number 59 906.

Upon his purchase, n0b0dy.eth also became a holder of a unique artifact from the Otherside metaverse, that is the Bored Ape drunk potion in the trailer, who revealed the game to the general public:

While the sale of land is mentioned, neither the congestion and the costs it causes in the blockchain Ethereum (ETH), it is understood that part of the community has agreed to such an investment in the face of potential benefits.

As a reminder, the transaction fee is very high 71,718.34 ETH were burned on May 1.

👉 In addition – ApeCoin (APE), a cryptocurrency for the Bored Ape Yacht Club (BAYC) community

The popularity remains despite the market

While the cryptocurrency market is not in the most light, announcements around the metaverse continue to come. The latest is the Financial Constable in Dubai, who has joined the virtual world of The Sandbox, as well as the Vatican, which has launched a collection of NFTs in the metaverse.

On the subject of NFTs, the alarming announcement now remains Meta, to come to formalize integration it on his social network Instagram.

About Yuga Labs, Otherside’s creative studio, the company announced last week payment of fees for failed transactions to sell its land:

If this metaverse is young, the popularity of collections owned by Yuga Labs such as the Bored Ape Yatch Club (BAYC) and CryptoPunks got it off to a solid start. However, everything still needs to be built there and it is 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 $ 560M in 24 Hours

Sources: Land 59,906, Sale Transaction, Mint Transaction, ETH Burned


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About the Author: Vincent Mayor


I was embarrassed to discover the world of the blockchain at the end of 2018 during my search for financial freedom. Initially invested in moderation, it was only two years ago that I gambled betting on everything in the movement that had formed before. I dedicate 2021 to training myself better to gain more knowledge and seriousness. As I’ve always wanted to say: I still have a billion things to learn. And what I know, I want to share with you.
All articles by Vincent Maire.

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