The Bored Ape Yacht Club (BAYC) creators are estimated to generate over $300 million through their metaverse sales.
BAYC team will amass the estimated revenue in the form of crypto, which will be harnessed from their metaverse land. The “Otherside” launch is considered to be one of the largest NFT token launches. Read Everything you need to know about tomorrow’s bored ape yacht club Otherside metaverse launch to prepare yourself for the drop.
BAYC’s biggest launch ever
Yuga Labs, which is backed by Andreessen Horowitz, plans to sell NFT deeds for over 55,000 plots of land in the “Otherside” metaverse. The metaverse, which is all set to launch on April 30, has built enough hype to become a quick sellout.
The deed can be purchased only using ApeCoin, and each plot of land will cost you 305 ApeCoin. The 55k plots, if sold out, will amass Yuga Labs and its partner Animoca Brands over $335 million in revenue. The value of the ApeCoin has almost doubled in a week and is currently trading at $20 at the time of writing.
The usage of the land and the gameplay designed with the Otherside metaverse is not entirely known now. More details of the usability and the entire plot plans might be out after the launch and sale of the plots. The metaverse is also hinted to indulge other NFTs like Cool Cats and World of Women in playing their parts in the metaverse.
“It feels to me like the success of Web3 games ultimately rides on whatever happens with Otherside,”
Ophelia Brown, founder of Blossom Capital, a venture firm that holds around 40,000 ApeCoin and four Bored Apes
The Otherside metaverse that was hinted at six weeks ago has created enough curiosity and attention among the NFT and metaverse community.
The floor price of a Bored Ape, which was around $250 a year ago, has touched an all-time high of 150 ETH. The number of NFT and metaverse believers are rising with the popularity of the technology. Several other platforms have also successfully made millions selling virtual lands in the metaverse. Stay tuned to get more details about the Otherside drop.