The Otherside Metaverse is launching for Bored Ape Yacht Club (BAYC). Yuga Labs, the creator of BAYC, is launching the Otherside Metaverse in partnership with popular game software company Animoca Brands.
Otherside Land Sale will begin on April 30th at 12 PM ET. NFT land will only be sold with the ecosystem’s native token, ApeCoin.
The land in the Metaverse will be sold by Dutch auction, meaning the price will start at its highest and decrease over time. Land sales will start at 305 ApeCoin, roughly over $6000.
The land will be sold on Otherside.xyz. The buyer has to be verified, only the verified person can buy Otherside land. According to a tweet by Otherside Metaverse, interested buyers can complete their KYC at Somethingisbrewing.xyz.
The creators of The Otherside are planning to sell up to 55,000 plots of NFT “deeds” and generate up to $300 million in sales.
Otherside has a total land supply of 100,000 NFTs, of which 70% will be reserved for the mint while 30% will be reserved for BAYC and MAYC holders to claim.
Because of the Otherside virtual world, people want ApeCoin to buy land in Metaverse, this caused a huge jump in the price of ApeCoin.
Since the $2.4 million BAYC NFT heist ApeCoin price breakout, the $APE price has now seen a correction.
The price of ApeCoin has seen an astonishing increase over the past few days. ApeCoin surpassed its all-time high, setting a new all-time high of $26.70. $APE hit its new all-time high of $26.70 on April 28 from $19.42.
Now at the time of writing i.e. April 30th, ApeCoin is trading between $23 and $25.