World-famous NFT collection Bored Ape Yacht Club metaverse NFTs for the 55,000 Otherdeed Metaverse plots opened on The Otherside, which is his project, were completely sold out within 3 hours after the start of sales.
According to the official Twitter account of the Otherside project, investors can only ApeCoin swept away all NFTs in the sale using
The Otherdeed NFT mint is sold out – we are awestruck at the demand shown tonight. Apes and Mutants, the opening of the 21-day claim period is being delayed until the price of gas drops to reasonable levels. We’ll tweet when the claim opens. https://t.co/iRz64lklbv
— OthersideMeta (@OthersideMeta) May 1, 2022
$317 Million Revenue From Land Sales of Metaverse Project The Otherside
In the sale, which was determined as 305 ApeCoin as NFT minting fee, approximately $5,800 per NFT was paid. A new record was set in this area with the sales of 16.7 million ApeCoins ($ 317 million) in total.
Buyers pass KYC verification at the time of sale, and cryptocurrency had to pre-verify their wallets on the project’s website.
Thanks to the NFTs sold, the buyers were entitled to acquire plots in the Otherside Metaverse universe.
After the mint transactions made today, Bored Ape Yacht Club and Mutant Ape Yacht Club owners will be able to buy their land on the virtual universe free of charge for 21 days.
All 55,000 Otherdeed NFTs were sold in the NFT sale attended by 27,000 users. The rest of the NFTs, which will total 100,000, will be airdropped to BAYC and MAYC NFT collection holders.
Users Paid $172M in Total Transaction Fees to Ethereum Blockchain
During the long-awaited NFT sale, transaction fees on the Ethereum Blockchain rose to as high as 8,000 GWEI.
During the sale, users paid $172 million in transaction fees on the Ethereum Blockchain. This means that each buyer pays approximately $4,000 to $10,000 in transaction fees. Many users complaining of high transaction fees complained that they could not purchase NFT.
*Not investment advice.