Ground Floor Investment
If you’re new to the NFT investment scene, it’s easy to get overwhelmed by the idea that a digital product can cost hundreds of thousands or even millions of dollars. The exciting aspect of NFTs is that they can be extremely scarce and exceedingly costly.
Deeds for ‘Otherside’ Land
Yuga Labs created 95,000 property deeds for their ‘Otherside’ Metaverse, 45,000 were set aside for BAYC (Bored Ape Yacht Club) and MAYC (Mutant Ape Yacht Club) owners-who will have a 21 day period in which to purchase their ‘other deeds.’
More Than Just Digital Monopoly Money
It’s easy to look at NFTs and cryptocurrency and think it’s a bit like play-acting, but when you dig under the surface, it’s a lot more sophisticated, and people are planning.
With the massive success of the BAYC’s ‘Otherside’ property and NFT collection sales, there’s no doubt that other NFT collection creators will be looking at duplicating what Yuga Labs has accomplished.