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NFT Projects

What is Otherdeed Expanded [All You Need to Know 2023]

The world of blockchain and cryptocurrencies is constantly evolving and expanding, creating new opportunities and challenges for both brands and consumers.

One of the latest developments in this field is the Yuga Labs Metaverse which boasts a whole lot of NFTs.

We’ve seen Yuga Labs come up with BAYC, Otherdeed for Otherside, Cool Catz, World of Women, CrypToadzBAKC, Otherside Metaverse, and many other projects under their name.

In this post, we’ll take a deeper look into the Otherside Collection presented by Yuga Labs and what they offer to collectors.

Ready to find out more, then keep reading.

About Otherdeed Expanded

Otherdeed Expanded is an NFT collection that consists of 51,547 unique digital land deeds that enable holders to play future games in the Yuga Labs universe.

Each deed possesses its own unique blend of environment and sediment. Some contain resources, and some are home to powerful artifacts.

Otherdeed Expanded is the result of a process called Koda Decoupling, which allows holders of Otherdeed NFTs to burn their deeds and receive a new deed with a different environment and sediment.

This process also grants holders access to a Vessel Claim Event, which allows them to claim a vessel NFT that can be used to explore the Otherside universe.

Otherdeed Expanded NFT Utility?

Otherdeed Expanded NFTs have various utilities in the Yuga Labs metaverse, such as:

Ownership: Every holder owns their NFT as recorded by the Otherdeed Expanded Smart Contract. you hold the exclusive right to hold, sell, transfer, and execute blockchain transactions and Yuga Labs has no right or ability to seize, freeze, or otherwise modify the ownership.

Property on the Yuga Labs Metaverse: Holders of the NFT get access to a parcel of land on the Otherside Metaverse which also gives them access to other benefits in the Yuga Labs ecosystem.

Others include:

  • Providing access to exclusive gaming experiences.
  • Enabling dynamic interactions with other players.
  • Allowing holders to influence the development and governance of the Yuga Labs ecosystem.

The Creators of Otherdeed Expanded NFT

The creators of Otherdeed Expanded NFTs are Yuga Labs. Yuga Labs is also the creator of Bored Ape Yacht Club (BAYC), one of the most popular and successful NFT collections in the industry.

The team at Yuga Labs is led by Spencer Tucker the Chief Gaming Officer responsible for all developments and gaming issues related to the gaming company

Yuga Labs, which was founded in February 2021, quickly gained success by onboarding celebrities and broadening the community, reaching a company valuation of $4 billion by March 2022.

The company’s co-founders are Wylie Aronow and Greg Solano. Zeshan and Kerem are core members and lead developers of BAYC.

When to Mint Otherdeed Expanded?

The minting of Otherdeed Expanded NFTs is no longer possible, as all 51,547 deeds have been minted and distributed to the holders of Otherdeed NFTs.

The only way to acquire any of the Deeds is to buy it from a secondary marketplace, such as Opensea, Binance, OKX, and Rarible.

Where to Buy Otherdeed Expanded NFT?

The floor price, which is the lowest price for which a deed is available for sale, is currently 0.29890 ETH ($471.08) as of April 14, 2023.

Otherdeed Expanded can be bought on NFT marketplaces such as Opensea, Binance, OKX, and Rarible.

The highest price ever paid for an Otherdeed Expanded NFT was 100 ETH ($157,700) on March 23, 2023.

gmBlockchain’s Thoughts

Firstly, I think the Otherside Metaverse is a very interesting and innovative project that combines metaverse gaming with dynamic NFTs.

I also appreciate how the creators are involving the community in the development and governance of the ecosystem.

I believe that they have a lot of potential to grow and evolve in the future. I would recommend anyone who is interested in metaverse gaming and NFTs to check out this project and consider buying a deed if they can afford it.

All holders of Otherdeed Expanded NFTs are subject to the license available at this link

See also: What is Otherdeed for Otherside? (All You Need To Know 2023)

Victor Chijoke

Passionate about blockchain, and the decentralized internet. A writer in the morning, goalie in the evening. The aim is to keep my readers informed about the ever-evolving world of web3 with a unique blend of expertise and storytelling.

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