Land in metaverse Otherside sold for $ 1.6 million

Land in metaverse Otherside sold for $ 1.6 million

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A price record for the Otherside meta-verse

This Sunday, the non-fungible token (NFT) collects n0b0dy.eth purchased land from the metaverset Otherside for 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 launch, which took place on the night of May 1, the first buyer was able to get this land as well as another for a total of 610 ApeCoin (APE) and 2,029 ETH, or $ 16 to $ 17,000 at this time. that time. It is thus a more than significant profit achieved by sale of land number 59 906.

With its purchase, n0b0dy.eth also becomes the proprietor of a unique artifact from the Otherside meta-verse, viz the elixir drunk by Bored Ape in the trailer, who revealed the game to the general public:

While there was talk of selling the land, know the congestion and the costs it had entailed on blockchain Ethereum (ETH), it is understandable that part of society has given consent to such an investment in light of the potential benefits.

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

👉 To move forward – ApeCoin (APE), a cryptocurrency for the Bored Ape Yacht Club (BAYC) community

The popularity maintained despite the market

Although the cryptocurrency market is not in its best light, messages about meta-verses continue to come in steadily. The most recent are the Financial Constable of Dubai, which joins the virtual world of The Sandbox, as well as the Vatican, which is launching a collection of NFTs in the metaverse.

As for NFTs, the sensational announcement of the moment remains Meta, which is coming to formalize integration of these on his social network Instagram.

As for Yuga Labs, Otherside’s creative studio, the company announced last week refund of fees for failed transactions upon sale of its land:

If this metavers is still young, the popularity of collections owned by Yuga Labs just like Bored Ape Yatch Club (BAYC) and CryptoPunks are getting off to a good 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 competitors The Sandbox or Decentraland.

👉 Related – BAYC ‘Otherside’ NFT sales generate over DKK 560 million USD over 24 hours

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

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About the author: Vincent Mayor

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I fearfully discovered the blockchain world in late 2018 during my quest for financial freedom. Originally invested moderately, it was not until two years later that I took the plunge to bet everything on the movement that was taking shape at the time. Then I dedicate 2021 to training myself better to acquire more knowledge and seriousness. As I often like 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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