Creator of Bored Ape Yacht Club Witnesses Over $358,000,000 in Metaverse Land Sales in Just 24 Hours

Creator of Bored Ape Yacht Club Witnesses Over $358,000,000 in Metaverse Land Sales in Just 24 Hours


A new nonfungible token (NFT) collection from Yuga Labs, the blockchain technology company behind the popular Bored Ape Yacht Club (BAYC), has already witnessed hundreds of millions of dollars in sales, according to NFT data aggregating site CryptoSlam.

Yuga Labs is developing a massively multiplayer online role-playing game (MMORPG) called Otherside.

The game aims to combine MMORPGs and Web3-enabled virtual worlds. Yuga’s new NFT mint, called Otherdeed, “is the key to claiming land in Otherside,” according to the project’s page on NFT marketplace OpenSea.

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“Each [land has] a unique blend of environment and sediment – some with resources, some home to powerful artifacts.”

Sales of the Otherdeed NFTs surged to more than $358 million worth of ETH on May 1st alone, CryptoSlam reports.

The

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