Yuga Labs has announced the cost for Otherside land, which will be 305 $APE per plot. Otherdeeds is the name of the round in which a total of 55,500 land plots will be offered for purchase by KYC-enabled wallets. In truth, there will be no Dutch Sale during the auction. To solve the issue of gas warfare, the team devised a new kind of minting process.
According to @OthersideMeta, the newest information on land sales on the Otherside, as well as mint specifics on Dutch auctions, is bullshit. Additionally, the Otherside land NFTs, dubbed Otherdeeds, will be offered for purchase at a set price of 305 APEcoins (about $6,621 at the time of writing). Not to mention the fact that just 55,500 parcels of land are available this time.
These few elements differ somewhat from those included in the Yuga Labs pitch deck that was made public. The first wave of Otherside was to include 100k plots of land for sale at an anticipated price of 1 ETH (about $2910). According to the latest publication, otherdeeds will be 2.3x more expensive in terms of financial worth.
Apart from that, Yuga Labs has withdrawn from the Dutch Sale in the Otherside’s land auction. How is this possible? This is because the team believes that this technique will be unable of avoiding gas clashes in highly anticipated mints. Rather than that, the team intends to sell NFTs in waves.
The NFT will be sold in phases
The way it works is that any wallet that has been KYC’d is limited to minting up to two Otherdeed NFTs during Wave 1. Bear in mind that this is a per-wallet fee, no per-transaction fee. Once the gas price has stabilized, the team will initiate Wave 2, during which each KYC-ed wallet will be allowed to mint up to four NFTs. This process is repeated in consecutive waves until all land parcels on the Otherside are sold.
According to Yuga Labs, this should help reduce the frequency of gas confrontations. Additionally, the team will announce the rise in the per-wallet limit tomorrow on Otherside’s official Twitter and Discord channels. Therefore, if you are one of the anons seeking property plots on Otherside, keep an eye out for official updates.