Bored Ape start-up wants to make $ 300 million with land sales in the meta personation

The creators of the Bored Ape Yacht Club will be crypto worth up to 300 million

The Yuga Labs, supported by Andreessen Horowitz, plans to sell "documents" for up to 55,000 parcels virtual country in Otherside, his upcoming Metaver game from Saturday.

Every certificate that gives the owner the right to land in a game that has not yet been published or even shown in the preview costs 305 apecoin-the cryptocurrency that Yuga and his partners introduced last month-or more than $ 6,000.

NFTS use blockchain technology to demonstrate ownership of a digital asset, and have quickly developed into a billion-dollar market for virtual goods, which ranges from computer-generated works of art to cartoon figures that cost thousands of dollars.

If the Otherside-Land is sold out in general, Yuga and his partners, including the crypto and gaming conglomerate Animoca Brands, will generate sales of a total of $ 335 million. The estimate assumes that the value of apecoin - which has been volatile in the past few days - will remain over $ 20.

The game will test whether Yuga, the last month in a financing round led by Andessen Horowitz, was estimated at $ 4 billion, his popular but exclusive character series Bored Ape can transform into a wider platform for NFTS that drives the speculative and often high-priced token into the mainstream.

The so-called meta-verse will enable owners of other popular NFT collections such as Cool Cats and World of Women than to play the characters that they have within the Otherside, although the details of the gameplay and what landowners can do with their land, still excellent.

tech company from Facebook mother Meta to the Fortnite developer Epic Games rely on billions that the meta personum-a three-dimensional virtual world-will become the next large computer platform, which some referred to by some in Silicon Valley as "web3".

apecoin worth billions of dollars was distributed to the creators, supporters and owners of the Bored Ape Yacht Club NFTS in mid -March. Every investor can now buy and act APECOIN on crypto exchanges such as Coinbase, FTX and Binance.

The anticipation for the introduction of Otherside, which was announced for the first time six weeks ago with a teaser video, according to Coinmarketcap.com, led to almost doubling the price of apecoin last week. It rose from around $ 14 to a maximum of almost $ 27 on Thursday before falling back to around $ 22 on Friday.

As a NFT dealer, hurried to liquidate their stocks in other collections to charge Apecoin, the prices of many other NFT projects have dropped.

The entire NFT trade volume recovered this month after it had declined sharply at the beginning of the year. The entry price of a bored ape is now close to his all-time high at around 150 ETH or more than $ 400,000 after it was originally sold for around $ 250 a year ago.

Several developers of blockchain-based meta-severse games, such as Sandbox and Decentraland, which are supported by Animoca, have already sold virtual land worth several million dollars than NFTs in recent months, although they have only a limited number of regular users.

A spokesman for Yuga did not immediately answer a request for comment.

Additional reporting of Cristina Criddle