“Otherside is a gamified, interoperable metaverse currently under development,” the website explains. “The game blends mechanics from massively multiplayer online role-playing games and Web3-enabled virtual worlds. Think of it as a meta RPG where the players own the world, your NFTs can become playable characters, and thousands can play together in real-time.”
“We know that the Otherdeed mint was unprecedented in its size as a high-demand NFT collection, and that would bring with it unique challenges,” the team wrote. “The hope was that those challenges would be assuaged via a rigorous gating mechanism in the form of an on-chain KYC, a max mint of 2 per KYC’d wallet, and a significant clearing price at 305 Apecoin.”
However, the on-chain KYC did not curb demand and virtual land plots started selling immediately after at 9 p.m. on Saturday. Ethereum fees leveraged to mint the non-fungible tokens cost roughly $166.2 million or“This has been the largest NFT mint in history by several multiples, and yet the gas used during the mint shows that demand far exceeded anyone’s wildest expectations,” Yuga Labs said. “The scale of this mint was so large that Etherscan crashed.
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