The Next 100x Metaverse Is Launching Soon, According to Joe Parys
Citibank believes the Metaverse economy can reach more than $13 trillion in the next eight years.
Joe Parys, an expert in crypto, believed that the next big metaverse that could be 100x is launching soon, and the best part is, you still have a fighting chance to get in first.
The Bored Ape Yacht Club
The Bored Ape Yacht Club is a collection of 10,000 unique Bored Ape NFTs— unique digital collectibles living on the Ethereum blockchain. Your Bored Ape doubles as your Yacht Club membership card and grants access to members-only benefits, the first of which is access to THE BATHROOM, a collaborative graffiti board. Future areas and perks can be unlocked by the community through roadmap activation.
The cost to mint an Otherdeed NFT will be a flat price of 305 ApeCoin (APE). A total of 55,000 Otherdeeds will be available for purchase by KYC wallets. In order to ensure as broad a distribution as possible and dramatically soften the potential for a massive gas war, there will be an enforced limit of 2 NFTs per wallet at the start of the sale.
As the mint continues, the number of NFTs minted per wallet will increase. Each increase in the per-wallet limit will be announced on the Otherside official channels.
If a gas war still happens, it will not result in insane amounts of ETH lost to failed transactions, and hopefully, the Otherdeed mint will be one of the most widely distributed in history.
Rather than resorting to a faux Dutch Auction, the Otherdeed mint will employ the following mechanic: the sale price will remain flat for the duration, and at the start of the sale, there will be an intentionally low per-wallet limit on the number of NFTs that may be minted (note, this is not “minted at once,” but “minted in total”).
Once the initial wave of relatively low-gas transactions has been submitted and the network starts to calm, the wallet-level minting limit will be increased to allow a second wave of minting – those who are satiated will sit this wave out, while those with more ApeCoin to spend will mint. This pattern of mint → bump limit → mint → bump limit will continue until the NFT supply is exhausted. This approach is expected to prevent an apocalyptic gas war and encourage as broad a distribution possible.