. If you registered your wallet on this site before April 25, you’re eligible to mint some of those Otherdeed NFTs when they launch on Saturday. Yuga Labs is limiting mints to two per registered address, so you’ll need about $13,200 in ApeCoin to fully juice each one.was free – because any curious trader could simply connect a wallet to the site for a shot at registration, there are probably a lot more registered wallets than traders who actually have the requisite $6,600 in ApeCoin.
And thanks to that personal information now associated with each registered wallet , those registered wallets are also fully “KYC’d.” “KYC,” an acronym for “Know Your Customer,” refers to a set of requirements imposed on anyone trying to interact with most financial services companies. In the U.S., these companies are regulated by the government – it’s why you need to submit your driver’s license if you want to move your money out of a centralized crypto exchange, like Coinbase.
In the world of traditional banks, KYC-ing customers is standard practice, a useful tool for combating money laundering. In crypto, though, it’s something of a dirty word. Bitcoin was built around the idea that transactions could stay pseudonymous; to crypto purists, KYC feels like a vestige of an outmoded surveillance system.
Yet the system isn’t without loopholes. The glut of KYC’d addresses has created a kind of secondary market on Twitter: enterprising traders are attempting to sell these KYC’d Ethereum addresses to anyone who wants a shot at the Otherside mint.” – someone who owns an Ape or two, and can afford the $13,000+ buy-in – but for the army of strivers who just happened to register their wallet on that website before April 25, it’s an opportunity to make a quick buck.
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OthersideMeta lil_smush XMetaverse_ X-Metaverse is a blockchain game developed by Cocos3D and can run on Android, iOS and PC. All game content items and characters are based on blockchain tokens and NFTs. The visual effects and gameplay of X-Metaverse are inspired by StarCraft and Star Wars.
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