Should Yuga Labs Have Charged More For Its Otherside NFTs? - Ep.349

Eric Golden, the owner of BAYC #7560 and host of Web3 Breakdowns, discusses the Otherdeed NFT drop that stalled Ethereum and burned over $150 million worth of ether. Show topics:

• what the Otherdeed mint is 
• Why Yuga Labs had buyers undergo a know-your-customer process in order to mint the NFTs
• why Eric was pretty certain a gas war was imminent in the hours leading up to the mint
• how KYC’d addresses played into the Otherdeed mint
• what Eric thought about Yuga Labs’s decision to scrap a Dutch auction in favor of a flat minting price
• why Eric does not believe Yuga Labs purposefully botched their smart contract, as many in the Ethereum community alleged
• why Eric was frustrated with Yuga Labs’s response on Twitter to the mint 
• why Eric does not think Otherside needs its own chain
• what effect the Otherdeed mint is having on other Yuga Labs-adjacent assets like ApeCoin and Bored Ape Yacht Club
• what Kodas are and why they are trading for tens of thousands of dollars
• why Eric is confident that Yuga Labs is well-positioned to follow through on their promises to build out a metaverse game

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Episode Links

 

Eric Golden

• https://twitter.com/ericgoldenx

 

Otherside

• https://otherside.xyz/

 

Otherdeed License

• ​​https://otherside.xyz/license
• Punk6529 thread:
• • https://twitter.com/punk6529/status/1520697396119879680 
• CryptoGarga saying at least one term in the license would be changed: 
• • https://twitter.com/CryptoGarga/status/1520818410149617666 

 

Otherdeed

• Yuga Labs’ response to the sale:
• • https://twitter.com/yugalabs/status/1520612362986078208 
• NFTs: https://opensea.io/collection/otherdeed 
• Canceling the Dutch auction
• • https://www.theblockcrypto.com/linked/144298/yuga-labss-otherside-scraps-dutch-style-auction-for-nft-sale 
• 0xcrumbs’s tweet showing there was more demand than supply:
• • https://twitter.com/0xCrumbs/status/1520559050592817152?s=20&t=ngPe9YzByzwJbMa_N1hThw
• CoinDesk coverage:
• • https://www.coindesk.com/business/2022/05/01/bayc-team-raises-285m-with-otherside-nfts-clogs-ethereum/
  • https://www.coindesk.com/layer2/2022/05/04/the-yuga-labs-catastrophe-could-have-been-prevented/ 

 

Smart Contract Conversation

• Will Papper: https://twitter.com/WillPapper/status/1520592312379658241
• Vitalik Buterin:  ​https://twitter.com/VitalikButerin/status/1520621813209784321 

 

Kodas

• https://medium.com/@jseid212/koda-rarity-ranking-the-newest-creatures-in-the-yuga-lab-ecosystem-9e6adba0ab68 

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