Land sold in Metaverse Otherside for $1.6 million

A price record for the Otherside metaverse

This Sunday, non-fungible token (NFT) collector n0b0dy.eth Bought land from the Metaverse Otherside for 625 ETH, or approximately $1.6 million when the transaction closed. This is the largest sale for Yuga Labs virtual world to date.

During the Launch Mint, which took place on the night of May 1st, the first buyer could purchase this land plus a second for a total of 610 ApeCoin (APE) and 2,029 ETH, or $16-17,000 at this time. this time. So it’s a more than significant win made by the sale of plot No. 59 906.

With his purchase, n0b0dy.eth also becomes the owner a unique artifact from the Otherside metaverse, viz the potion that the bored monkey drinks in the trailer, who introduced the game to the public:

While the sale of the property had been discussed, by the congestion and the resulting costs on the Ethereum (ETH) blockchain, it’s understandable that some of the community agreed given the potential benefits of such an investment.

As a reminder, the transaction fees were so high that 71,718.34 ETH was burned on the 1st of May.

👉 To go even further – ApeCoin (APE), a cryptocurrency for the Bored Ape Yacht Club (BAYC) community.

Maintaining popularity despite the market

While the cryptocurrency market is not in its best light, metaverse-related announcements continue to come in steadily. The latest are the Financial Constable of Dubai, joining the virtual world of The Sandbox, as well as the Vatican, releasing a collection of NFTs in the Metaverse.

On the subject of NFTs, the sensational announcement of the moment meta remains to come to formalize the integration of these on his social network Instagram.

Regarding Yuga Labs, Otherside’s creative studio, the company announced this last week Reimbursement of Fees for Failed Transactions when selling his property:

If this metaverse is young, the popularity of Collections by Yuga Labs like Bored Ape Yatch Club (BAYC) and the CryptoPunks are off to a strong start. However, everything has yet to be built there and it’s too early to say if it can attract as many people as its competitors The Sandbox or Decentraland.

👉 Connected – BAYC’s “Otherside” NFTs sale generates over $560 million in 24 hours

Sources: Country 59,906, Sell Transaction, Mint Transaction, ETH Burned

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About the author : Vincent Mayor

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I shyly discovered the world of blockchain at the end of 2018 on my search for financial freedom. Initially investing moderately, it was only two years later that I dared to risk everything in the movement that was emerging at the time. In 2021 I will then dedicate myself to further training in order to acquire more knowledge and seriousness. As I often say, I still have a billion things to learn. And what I know, I want to share with you.
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