During the launch of Yuga Labs’ Otherside meta universe, one of the rarest virtual lands in the Otherdeed collection sold for a whopping $1.5 million.
On Sunday, Otherdeed #59906 was sold on NFT trading platform X2Y2 for 625 ETH. The plot of land, which ranks eighth in rarity in the Otherside meta universe, was purchased by user n0b0dy.eth, who released it for 305 Apecoin (about $6,000) a week ago.
Considering that the minimum price of NFT Otherdeed at the time of purchase was about 3 ETH ($7200), this means that n0b0dy.eth paid a huge premium for this piece of virtual land. There is no doubt that the user took this step because of its rarity.
In addition to Rarity Sniper Otherdeed #59906’s 8th rarity ranking, it also contains a unique artifact that was featured in the official Otherside trailer.
At the end of April, Yuga Labs released 55,000 Otherdeed NFTs, generating over $320 million in sales, a figure that makes the Otherdeeds collection the most profitable NFT project to date.
Another 45,000 Otherdeeds were given to owners as part of the Yuga Labs ecosystem, of which 10,000 may be claimed by Bored Ape Yacht Club (BAYC) owners, 20,000 by Mutant Ape Yacht Club (MAYC) owners and 15,000 are reserved for Yuga developers and others who help create Otherside.
In all, Yuga Labs will release 200,000 Otherdeed. The remaining 100,000 will be used to reward so-called “Travelers” who own Otherdeed and contribute to the development of Otherside.
Without revealing other details about Otherside, Yuga Labs said it is working on the project with Animoca Brands (parent company of The Sandbox) and Improbable.
Otherside combines the mechanics of massively multiplayer online role-playing games (MMORPGs) and virtual worlds with Web3 support.
In partnership with Improbable, a meta-universe technology company, Yuga Labs aims to create a MetaRPG universe where players own a world in which any NFT can become a playable character and thousands of people can play together simultaneously,” Impropable wrote on its blog.