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Should Yuga Labs Have Charged More For Its Otherside NFTs?
Episode 349
Eric Golden, the owner of BAYC #7560 and host of Web3 Breakdowns, discusses the Otherdeed NFT drop that stalled Ethereum and burned over $150 million worth of ether. Show topics:
- what the Otherdeed mint is
- Why Yuga Labs had buyers undergo a know-your-customer process in order to mint the NFTs
- why Eric was pretty certain a gas war was imminent in the hours leading up to the mint
- how KYC’d addresses played into the Otherdeed mint
- what Eric thought about Yuga Labs’s decision to scrap a Dutch auction in favor of a flat minting price
- why Eric does not believe Yuga Labs purposefully botched their smart contract, as many in the Ethereum community alleged
- why Eric was frustrated with Yuga Labs’s response on Twitter to the mint
- why Eric does not think Otherside needs its own chain
- what effect the Otherdeed mint is having on other Yuga Labs-adjacent assets like ApeCoin and Bored Ape Yacht Club
- what Kodas are and why they are trading for tens of thousands of dollars
- why Eric is confident that Yuga Labs is well-positioned to follow through on their promises to build out a metaverse game
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Episode Links
Eric Golden
Otherside
Otherdeed License
- https://otherside.xyz/license
- Punk6529 thread:
- CryptoGarga saying at least one term in the license would be changed:
Otherdeed
- Yuga Labs’ response to the sale:
- NFTs: https://opensea.io/collection/otherdeed
- Canceling the Dutch auction
- 0xcrumbs’s tweet showing there was more demand than supply:
- CoinDesk coverage:
Smart Contract Conversation
- Will Papper: https://twitter.com/WillPapper/status/1520592312379658241
- Vitalik Buterin:
Published on 3 years, 7 months ago