While Warren Buffett and Charlie Munger were reaffirming their negative views of cryptocurrency this weekend, Yuga Labs cashed in on the metaverse land grab.
Yuga Labs, the company behind Bored Ape Yacht Clubs, released NFTs dubbed Otherdeeds, which represent plots of land in its Otherside metaverse project. The sale made the company around $300 million, with 55,000 NFTs selling out.
But there was one hiccup, and it’s the same one that has you clutching your wallet every time you fill up the tank.
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