Yuga Labs’ Otherside metaverse project dominates the 2023 non-fungible token (NFT) land sale market, securing the highest sales, as revealed by The Block Research’s recent report.
The report outlines the top-selling metaverse NFTs, with the first ten exclusively attributed to Otherside, collectively amounting to over $3 million.
Topping the list is “Otherdeeds,” a collection of 100,000 unique NFTs, providing virtual land ownership within the Otherside metaverse.
Notably, Otherdeed Expanded #5227 claimed the highest price, fetching 270 ETH ($514,350), while the tenth spot, Otherdeed #67782, sold for 182.5 ETH ($276,500).
These results are unsurprising given Yuga Labs’ established presence in the NFT space, marked by the success of some of its popular NFT collections — Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), and CryptoPunks.
Yuga Labs expanded into the metaverse in March 2022, showcasing the Otherside metaverse through tech demos. The first demo in July 2022 engaged over 4,300 players, while the second, in March 2023, set a record with 7,214 concurrent users.
Underlining Yuga Labs’ commitment to the Otherside metaverse, the company affirmed its vision by acquiring Roar Studios, a music and metaverse startup, in July 2023.
