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More than $157 million worth of Ether permanently destroyed, and 3 other things to know about the record Bored Ape Yacht Club metaverse land sale

More than $157 million worth of Ether permanently destroyed, and 3 other things to know about the record Bored Ape Yacht Club metaverse land sale
  • May 4, 2022 at 6:59 AM

It was a crazy weekend for the crypto community.

On Saturday, Yuga Labs, the creator of popular NFT collection Bored Ape Yacht Club, launched a sale of virtual land deeds for its yet-to-be released, highly-anticipated metaverse project, Otherside.

Almost immediately, the company made $320 million selling the Ethereum-based, virtual land deed NFTs, which Yuga Labs calls “Otherdeeds.” Secondary sales have already surpassed $558 million since Saturday, according to data from NFT ranking site CryptoSlam, making Otherdeeds the top NFT collection in the last 30 days.

Source: https://finance.yahoo.com/news/more-157-million-worth-ether-173538040.html

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