Otherdeeds

Otherdeeds is a collection of non-fungible tokens (NFTs) launched by Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFT collections. The Otherdeeds NFTs represent virtual land parcels within Otherside, Yuga Labs' planned metaverse platform.

The collection was launched on March 28, 2022, and comprised 100,000 virtual land deeds. Each Otherdeed was designed to be a unique piece of digital real estate that holders could use to build and interact within the Otherside metaverse. The launch was highly anticipated and generated significant buzz within the NFT community, leading to a high demand and rapid sell-out.

The Otherdeeds NFTs are built on the Ethereum blockchain. Owning an Otherdeed grants holders access to the Otherside metaverse and the ability to develop and customize their virtual land. This includes the potential to host games, experiences, and social gatherings within their digital spaces. The development of Otherside is ongoing, with Yuga Labs aiming to create a persistent and interoperable metaverse experience.

The Otherdeeds collection, like other NFT projects, has experienced price fluctuations in the secondary market. Its value is influenced by factors such as the overall NFT market sentiment, the development progress of the Otherside metaverse, and Yuga Labs' broader ecosystem strategy.