The contentious Otherdeed for Otherside nonfungible token (NFT) floor price has dropped below its mint price to 2.45 ETH worth about $5,713 as other major collections are also getting hit.
The Otherdeed for Otherside collection from Yuga Labs, makers of the Bored Ape Yacht Club (BAYC) collection, was a highly anticipated NFT mint for land in their upcoming Metaverse platform. Users paid for the land with 20 Apecoin (APE) tokens and paid gas fees in Ether (ETH).
The Otherside is now below mint price (including gas)…
If you got gassed out or failed to KYC…
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— APE_G4NG (@ape_g4ng) May 9, 2022
However, the hype over the fresh mint seems to have corroded already as the collection’s floor price dipped to 2.45