As you’d expect from BAYC-related metaverse land, the secondary sales for Yuga Labs’ Otherdeeds have been through the roof. Particularly now that the reveal has happened, people are paying a premium for different land deeds. Above all, ones that contain Kodas.
However, some people decided to play the pre-reveal lottery, likely hoping to snipe an Otherdeed with a Koda. Unfortunately, that strategy didn’t turn out as hoped.
BAYC Land FOMO leads to questionable Otherdeed purchases
Ever since the idea of some kind of BAYC land started to become a reality, the NFT community has been buzzing. In particular, anticipation reached fever pitch once Yuga Labs dropped its instantly viral teaser for its Otherside metaverse.
For days, the upcoming Yuga collection was all anyone on NFT Twitter could talk about. When the day finally came, it brought with it a historic mint marked by an all-time gas war. Yet even that could barely dampen the excitement around the new Otherdeed NFTs, and what they will mean for Otherside when it officially launches.
Of course, much of that excitement centered around the Kodas. These alien creatures were an important part of the teaser and the leaked Yuga Labs pitch deck. As a result, Otherdeeds that contain Kodas – 10,000 of the 100K launched last Saturday – carry a major premium on the secondary market.
Naturally, some buyers decided to roll the dice on Otherdeeds pre-reveal, perhaps hoping to luck into a Koda. Unfortunately, some paid an immense price to end up with Koda-less BAYC land deeds that could’ve been bought for much lower prices.
In one extreme instance, Twitter user Daniel G (@DanielitoG25) tweeted about one such buyer who purchased his Otherdeed pre-reveal for 39.5 ETH. That’s well over $100K at today’s ETH prices. The buyer then proceeded to message Daniel on Twitter, pleading to return the NFT and get his money back. Needless to say, it wasn’t a winning tactic.