Otherdeeds is an NFT collection of 100,000 unique digital art pieces, built on the Ethereum blockchain. The collection was created in April 2022 and is owned by Yuga Labs. Each NFT in the collection is an original piece of art, featuring a distinctive design and color scheme.
Holders of Otherdeed NFTs are able to claim land in Otherside upon its launch, with each NFT granting access to different environments and resources. The NFTs were distributed to Bored Ape Yacht Club and Mutant Ape Yacht Club NFT holders, as well as to Yuga and project developers.
The remaining Otherdeeds were available for purchase after a Know Your Customer (KYC) submission. The total volume of Otherdeed sales was 450,038 ETH, with a floor price of 2.04 ETH. The best offer being 1.9452 WETH.
The NFTs are owned by 32,821 individuals, with 33% being unique owners.
One of the standout features of the Otherdeeds NFT collection is its focus on virtual worlds. Each NFT in the collection represents a unique plot of virtual land, which can be accessed through various virtual worlds such as Decentraland, Somnium Space, and The Sandbox. This means that the Otherdeeds NFTs not only have artistic value but also have utility in the virtual world.
Another unique aspect of the Otherdeeds collection is its royalty structure. Unlike most NFT projects that offer a fixed royalty fee for creators, Otherdeeds has a dynamic royalty fee based on the sale price of the NFT. The creator of the NFT earns 5% of the sale price, up to a maximum of 10 ETH. After that, the royalty fee reduces to 2.5%. This means that creators can earn a higher royalty fee for more valuable NFTs, incentivizing them to create higher quality and more valuable art pieces.
Otherdeeds NFTs can be bought and sold on various NFT marketplaces that support Ethereum-based NFTs. These marketplaces include OpenSea, Rarible, and SuperRare. To buy an Otherdeeds NFT, you will need an Ethereum wallet and some ETH to pay for the NFT. Once you have purchased an Otherdeeds NFT, you can trade it on any of the supported marketplaces.
Liqd recently announced a huge 24 ETH loan for an Otherdeed NFT on its platform.
The Otherdeeds NFT collection is a unique and innovative project that brings together the worlds of art and virtual reality. Its focus on virtual worlds and dynamic royalty structure sets it apart from other NFT projects, making it an attractive option for collectors and enthusiasts. With its unique artwork and utility in virtual worlds, the Otherdeeds NFTs are an excellent addition to any NFT collection.
