As the market washed away its tears of blood, the Otherside team decided to release a teaser video with gameplay and a website for a future Metaverse project.
— OthersideMeta (@OthersideMeta) May 12, 2022
On the new website, we are greeted with several details similar to “Otherside”:
- Hint of an in-game market: “Travellers, come together to buy, sell, trade.”
- Owners of Otherdeed-specific Metaverse NFT collectibles will be able to participate in playtests and demos of the game to determine its final look.
- Ability to create own items using SDK application and get development benefits.
Such an important and inspiring announcement gave confidence to the fans of the project and boosted the ratings of $APE by 70% in just two days.
Additionally, the token itself returned to the top 10 most bought list in the last 24 hours among the largest Ethereum whales, with an average purchase size of $36,138 among the top 100 Ether whales. Moreover, APE even became the most used smart contract among the top 500 Ethereum whales at the time.
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) May 12, 2022
Monkeys keep breaking boundaries
The Otherside saga, which debuted on May 1, continues to deliver regular news. The BAYC community can certainly be called the main mover in the news – in a positive, not Terra way – of the crypto world right now.
It is worth recalling how the Metaverse “Otherside” project sold all 55,000 available NFTs of Otherdeed land plots within three hours of the start of the public tender.
Then the price of one token was $APE 305. In total, the company managed to raise 16.7 million APE, which is equivalent to $317 million. This was a record public offering by an NFT project.
According to Etherscan, the sale of Otherdeed tokens caused Ethereum blockchain gas fees to skyrocket to 8,000 GWEI and reduced the entire Ethereum supply by around 18%.
Yuga Labs then stated that ApeCoin needed its own blockchain for proper scaling and promised to offset the cost of gas.
The monkeys continue to push forward and inspire positivity despite the general panic in the market. It will certainly be very interesting to follow their journey.
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APE Up 70% In 2 Days Thanks To Metaverse Teaser
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