Otherdeed for Otherside was the land collection for Yuga Labs' Otherside metaverse, the company behind Bored Ape Yacht Club. Its April 2022 mint was the largest NFT sale by revenue at the time. It also caused one of the worst gas wars on Ethereum.
Drop details (as listed in 2022)
| Item | Detail |
|---|---|
| Creator | Yuga Labs (Otherside) |
| Blockchain | Ethereum |
| Mint date | April 30, 2022, 9 pm ET |
| Mint price | 305 ApeCoin (APE) per plot, about $6,000 at the time |
| Plots sold in the sale | 55,000 |
| Access | KYC-verified wallets; separate claim for BAYC and MAYC holders |
| Total raised | About $320 million |
Sources: DappRadar, Cointelegraph.
How the mint went
Yuga Labs first planned a Dutch auction, then dropped the idea three days later and sold at a fixed price in APE. Wallets that had passed KYC could mint up to two plots in the first wave. Because every buyer competed in the same block window, gas fees spiked into a classic gas war. Some users paid several ETH in fees and many lost those fees on failed transactions. CryptoSlate reported one user spending $44,000 in gas alone. The sale still sold out within minutes and raised roughly $320 million. A year later The Block was still using it as the benchmark, describing Azuki's Elementals as the biggest mint by revenue since Otherdeed.
The first weeks
Secondary trading started hot. On May 8, 2022 a rare plot, Otherdeed #59906, sold for 625 ETH, about $1.5 million, against a floor of around 3 ETH, according to The Block. The collection's floor peaked at 5 ETH on May 2, 2022 (CoinGecko). ApeCoin had peaked at about $26 just before the mint and was trading near $6 by mid-May, Cointelegraph reported.
Where it stands now
As of October 2026, CoinGecko lists an Otherdeed floor of about 0.08 ETH, roughly 98% below the May 2022 peak, with around 13,800 unique owners. The mint still comes up in later market coverage. DL News, reporting on a rare CryptoPunk sale, pointed to the Otherside sale as the driver of the 2022 peak in NFT trading volume.
Lessons from the Otherdeed drop
- A fixed-price mint for tens of thousands of buyers at once on Ethereum mainnet turns gas into the real price.
- Paying in a project's own token (APE) tied mint demand to that token's price, which fell sharply afterwards.
- Record sales in week one say little about long-term value.
More: notable drops archive · Azuki