Yuga Labs' Otherside NFT Sales Break $310M
A new Metaverse by Bored Ape Yacht Club creator Yuga Labs has taken the virtual world by storm, bringing in more than $310 million in its hotly-anticipated NFT drop this weekend.Only those who pre-registered before Apr. 1, which included undergoing KYC requirements, were eligible to participate in the mint.
It is widely assumed that the Otherdeed NFTs will represent land in the Otherside Metaverse. Otherdeeds could be purchased only in ApeCoin (APE) and, until recently, what their actual price would be was unknown. This predictably drove up the price of APE over the weeks leading up to the mint.On Saturday, Apr. 30, Yuga Labs minted its first round of Otherdeeds NFTs, making 55,000 NFTs available to pre-approved wallets.
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