Yuga Labs, the developer of the Otherside Metaverse project, sold all 55,000 existing lands within 3 hours of the public sale, which began at 9:00 PM on Saturday night. Other Lands were only sold with ApeCoin. The mint cost of one piece of land was 305 APE, or about 5,800 USD. In other words, a total of 16.7 million ApeCoins was obtained from the land sale.
Otherside Metaverse
The lands sold represent specific regions in the blockchain-based metaverse Otherside, developed by Yuga Labs, the producer company of Mutant Ape Yacht Club and Bored Ape Yacht Club.