Yuga Labs metaverse projects dominate 2023 digital land NFT sales

The year 2023 ends this week, and a list is out to demonstrate how strong Yuga Labs was with its projects in terms of digital land NFT sales. Reports say that almost 80–70% of the projects on the list belong to Yga Labs. Projects in talks are Otherdeed for Otherside and Otherdeed Expanded.

Otherdeed #67782 went for 182.5 ETF. This roughly translates to $276,500. While it features right on top of the piece, the volume for the digital land NFT is only the least, with the best yet to come. Its original purchase was $1,515 for every Ether. Otherdeed #67782 features two unique traits: Mallowrium and Molten Melt.

Otherdeed #89263’s value stands at 186.9 ETH. This represents $289,600 in traditional senses. The initial acquisition was for $1,551 for every Ether. Otherdeed #89263 was sold on January 14, 2023, featuring 1/1 enshrined Koda core and 1/1 shrine seer Koda head.

Interestingly, there is an NFT that has sold twice. It belongs to Otherdeed #2118, which went for 208 ETH. It is unclear how it was sold two times, but it is known that the transaction happened within a window of 7 hours. ETH, at that time, was worth $1,737. Otherdeed #2118 remains one of the most expensive purchases.

The most expensive sale is credited to Otherdeed Expanded #5227 for 270 ETH. The valuation is approximately $514,350. What makes it the most expensive sale is the set of Pandora’s Box artifacts, sulfuric environment, and lumileaf eastern resources. The price for every Ether as of May 3, 2023, was ~$1,905.

Having said that, anyone who wants to shed a couple of ETH in the current times may have to be prepared to incur larger expenses. A single ETH token was worth $2,260.11 at the time of drafting this article. This is a slip of 0.88% in the last 24 hours and an increase of 84.99% in the last year.

Prices in ETH could appear stagnant when reviewing them on a platform. That can still not be misread as the same expenditure that was made at the time of the initial purchase. A higher ETH value means a higher amount of USD has to be spent now.

Launched on May 1, 2022, Otherdeed is a project that witnessed one of the fastest sales in the industry. Reportedly, the entire collection, or project, was sold in just 7 hours, fetching nearly $317 million to Yuga Labs. The success of this project prompted Yuga Labs to take another step in the same direction. Hence, the team launched Otherside Expanded.

Dated April 3, 2023, Otherside Expanded has been defined as a companion for Otherside: Legends of The Mara, its 2D strategy game. The owner of the majority of the projects on the top 10 list is n0b0dy.eth, an avid NFT collector.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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