Bored Ape’s Land Sale Broke Ethereum. Extreme Success Or Roaring Failure?
On Saturday, April 30th, Bored Ape’s creators Yuga Labs broke Ethereum. Their new metaverse-inspired project, Otherside sold plots of virtual land to a roaring crowd of people yelling “Shut up and take my money!” In this case, the currency in question was the recently created ApeCoin. However, since Ethereum hosts ApeCoin and the land NFTs, the roaring crowd needed ETH to pay for the operations’ gas fees. If you’re familiar with Ethereum, you already know what happened. According to IntoTheBlock’s Lucas Outumuro, “The Bored Ape’s Otherside land sale led to more fees being processed by....
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On Saturday, the creators of Bored Ape Yacht Club (BAYC), Yuga Labs, revealed the Otherside metaverse virtual land sale which turned out to be one of the largest non-fungible token (NFT) mints to date. The Otherside metaverse virtual land sale raised close to $320 million by selling 55,000 parcels of Otherside land. Otherside Metaverse Sees $320 Million Raised, Ether Fees Spike, Etherscan Crashes The Otherside metaverse virtual land sale took place on Saturday, and a great deal of people purchased Ethereum-based NFTs dubbed “Otherdeeds.” Demand for the Otherside metaverse....
A botched minting process and the collapse of Otherdeed’s price have taken a toll on ApeCoin, leading investors to question APE’s future utility and value. ApeCoin (APE), the new cryptocurrency that was recently launched by Yuga Labs, aims to be the bedrock of the Otherside metaverse and recently the token has experienced massive volatility leading into and after its digital land sale. APE’s price dropped from $26 at the peak on Apr. 28 to $14 on May. 2 — more than a 45% drop within a few days of the mint. The price has now dropped to the $6 range.Given the current volatility, investors....
Metaverse project Cornucopias has officially completed its 5th day of Land sales. The sale which spanned over five days has seen the project set the record for the largest land sale on the Cardano network. In total, there were 24,000 Land NFTs put up for sale and each sale had seen the lands sold out […]
PRESS RELEASE. MetaGods is showing tremendous strength after their highly successful, sold-out NFT land sale attracted large new investors from traditional finance. MetaGods recently concluded an NFT land sale that received overwhelming investor support from traditional finance as the new gaming company onboarded some big players and family offices from mainstream markets into their stable of already-strong investors. These businesses purchased sought-after land plots in the upcoming action RPG title over-the-counter (OTC) and have committed to holding their NFTs for at least three years....
The second LAND NFTs sale for Dvision Network is scheduled to begin on January 27th. It is another opportunity for users to own space in the Dvision Meta-Cities, two of which are being opened with the most recent LAND sale. LAND NFTs will be sold across two platforms, the Dvision Marketplace and OpenSea, where users will be able to purchase the NFTs using MATIC tokens. This iteration of the Dvision LAND sale will see a total of 4,651 NFTs go up for sale, spread evenly between the two NFT marketplaces. Users will be able to purchase these NFTs at the lowest possible prices as Dvision LAND....