The Yuga Labs’ Otherside Metaverse project is setting new milestones since its launch as Otherdeed #59906, the eighth rarest virtual Otherside metaverse land sells for a record $1.5M.
The rare land was purchased by a popular NFT collector ‘n0b0dy.eth’, on the X2Y2 NFT marketplace. The seller who goes by the name ‘brickandmorty.eth’, made a profit of almost $1.49M after purchasing the NFT for 305 Apecoins during the launch.
At the Otherside Metaverse launch, 55,000 Otherdeed NFTs were sold at 305 APE each, implying that each Otherdeed costs around $5,800 at the time of minting. Otherdeed became the largest NFT mint event in history generating over $561M sales within 24 hours.
During the mint, the gas war caused a lot of people to undergo failed Otherdeed NFT transactions. Yuga Labs finished the reimbursement procedure for the gas fees that some users were charged during the failed transactions. Yuga Labs spent a total of 90.57 ETH, approximately $265,000 on 640 refunds.
A total of 45,000 land plots were unveiled in addition to the initial 55,000 offered for minting. 10,000 plots were set aside for BAYC holders, 20,000 for MAYC holders, and 15,000 for Yuga Labs and other project developers involved in the development of Otherside.
According to CryptoSlam data, Otherdeed NFTs are currently in the top ten collections by sales volume, bringing in roughly $833M within days of debut. The top ten most expensive Otherdeed sales vary from $700,000 to $1.5 million.