Project Overview
Issue date: April 5, 2023
Total supply: 55 , 382 NFT
issuance platforms: Ethereum
issuance method: upgrade the on-chain protocol by burning the original Otherdeed NFT and minting new NFTs
: ERC-721
market performance
floor price: about $552.91
Total trading volume: about 8,978 ETH
Number of holders: about 12,443 unique
addressesMajor trading platforms: OpenSea, Blur, Magic
celebrity endorsements and community support
Yuga Labs' ecosystem includes several well-known NFT projects such as Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), and CryptoPunks. These projects have attracted the attention and investment of several celebrities such as Eminem, Justin Bieber, Gwyneth Paltrow, and many more. However, the controversy over celebrity endorsements has also sparked discussions, with some suggesting that their endorsements may have commercial motives.
ecosystem and business model
ecosystem: Otherdeed Expanded is from Yuga Labs Part of the Otherside metaverse, which aims to provide players with an immersive virtual land experience.
Business model: By burning the original NFTs and minting new ones, users can unlock new gaming experiences, such as Legends of The Mara.
Intellectual Property: The holder is only licensed for non-commercial use and cannot be used for commercial purposes, such as making and selling goods with NFT images.
controversy and challenge
technical challenge: original Otherdeed NFT The sale has caused congestion on the Ethereum network and soaring transaction fees, affecting the user experience.
Commercialization controversy: Some have questioned Yuga Labs' commercialization strategy, arguing that it relies too heavily on celebrity endorsements and high-priced sales strategies.
Intellectual Property Restrictions: Holders are restricted from commercial use, which may affect their creative and earning potential.
SummaryOtherdeed
Expanded is a metaverse project launched by Yuga Labs that aims to provide players with a virtual land experience. Although the project has achieved some success in the market, it has also faced technical challenges and commercialization controversies. Holders' intellectual property restrictions may affect their creative and earning potential in the metaverse.
