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

Episode • May 6, 2022 • 39m

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