The Otherside metaverse project sold out all the available 55,000 Otherdeed land NFTs within three hours of its public sale starting at 9 p.m. ET on Saturday.
According to Otherside’s official Twitter account, investors scooped up all the NFTs in an offering that accepted only ApeCoin cryptocurrency.
The mint price was 305 ApeCoin, worth about $5,800 at the time of mint. It brought in 16.7 million ApeCoin ($317 million), making it a record-setting NFT mint. A mint is a public offering in which NFTs are sold through a smart contract on a blockchain like Ethereum.
The buyers had to pass a Know Your Customer (KYC) verification and had their crypto wallets pre-approved on the project’s website.
The NFTs will give buyers rights to claim land in the Otherside metaverse, a blockchain-based virtual world being developed by Yuga Labs — creator of popular Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFT collections.
After today’s mint, BAYC and MAYC holders will also be
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