Title: Otherside Land Deed Post by: OgNasty on May 02, 2022, 07:02:54 AM Anyone participate in the yuga labs metaverse land drop? I did not, but have been watching. It seems the price has fallen from around $45K when the secondary market originally went live to around $15K now. I think this metaverse might be a pretty cool project, but I don’t own any metaverse land and couldn’t really imagine spending so much money on such a thing. Still, I’m excited to see what gets built and who knows, maybe I’ll grab myself a plot if the right opportunity presents itself.
Title: Re: Otherside Land Deed Post by: Bttzed03 on May 02, 2022, 07:56:22 AM Can you confirm if you're talking about Otherdeed for Otherside (OTHR)? I was sure it is until you said $45K because the highest price I've seen is only around $23K (8 ETH). The floor price has dropped further to $12.8K (4.5 ETH).
Personally, I still do not find any good reason to buy a virtual land at those prices. I think those guys are crazy rich that they can throw money like that just like those who bought the early NFT arts. Maybe they see something that I don't ;D I hope it would pay off in the end because that would be a good marketing as crypto moves towards Metaverse. Title: Re: Otherside Land Deed Post by: BitKongy on May 02, 2022, 08:27:13 AM This is just crazy, those who participated in this sales are whales that's for sure because the gas fee at that point is just too ridiculous, any average investor won't have been turned off with the gas fee alone, I am going to stick with APEcoin, I guess that's where I belong, no money for buying metaverse lands lol.
Title: Re: Otherside Land Deed Post by: OgNasty on May 02, 2022, 06:05:08 PM Can you confirm if you're talking about Otherdeed for Otherside (OTHR)? I was sure it is until you said $45K because the highest price I've seen is only around $23K (8 ETH). The floor price has dropped further to $12.8K (4.5 ETH). Personally, I still do not find any good reason to buy a virtual land at those prices. I think those guys are crazy rich that they can throw money like that just like those who bought the early NFT arts. Maybe they see something that I don't ;D I hope it would pay off in the end because that would be a good marketing as crypto moves towards Metaverse. I saw prices much higher than 8ETH just after mint and that doesn't include the gas fees which hit above $12,000 at one point. A lot of people are definitely sitting in the "I got burned" camp today. When there's so much hype surrounding something like this and the "mint" method they choose is insane given the blockchain issues that are known to pop up, you almost have to be certain that people are going to lose a fortune. With the current floor price I'm sure there are people who participated in the mint but are still way upside down on their purchase due to gas fees. I guess I'm glad I didn't get involved with the foolishness, but I'm sure Otherside land has a bright future. The way they're going to use it to funnel assets to their holders through mining resources is a pretty ingenious plan to keep the money flowing. I think yuga labs is going to continue to see insane returns until the day it all comes crashing down. |