Otherdeed NFTs up for sale on Coincheck marketplace

Japanese crypto asset exchange service Coincheck will put some of the highly sought-after Otherdeed NFTs – which guarantee ownership of virtual land in the Otherside metaverse – on its marketplace for sale on June 15.

The Otherdeed NFTs allow their owners to enter the Otherside metaverse, a gaming platform launched by Hong Kong blockchain gaming powerhouse Animoca Brands and Yuga Lab, which created the popular NFT collection Bored Ape Yacht Club (BAYC). Users can turn their BAYC NFTs into 3D characters to explore Otherside’s virtual world. 

The upcoming batch of Otherdeed NFTs would be available on the Coincheck NFT (beta version) marketplace from 3pm (Japan time) on June 15, Coincheck said. Prices were expected to range from 3 to 3.5 ETH, it said.

In May, a total of 55,000 Otherdeed NFTs were sold out on its launch day.

Coincheck NFT (beta version) was launched in March 2021. At the end of 2021, it sold 374 NFTs of virtual land ‘LAND’ held in The Sandbox. In May, it became the first crypto asset trader in Japan to handle The Sandbox’s own crypto asset, SAND.

Coincheck, which plans to list on NASDAQ by the end of this year, is also building futuristic virtual cities based on Tokyo and Kyoto on The Sandbox and VR platform Decentraland. “Oasis TOKYO” and “Oasis KYOTO” are scheduled to open on The Sandbox and Decentraland respectively this year.