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

Unchained

English - May 06, 2022 09:35 - 40 minutes - ★★★★★ - 1.2K ratings
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Previous Episode: The Chopping Block: Did Andre Cronje Pull an Epic Crypto Rug Pull? - Ep.348

Next Episode: Will Optimism's OP Token Draw People Back to Layer 2s on Ethereum? - Ep.350

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
Thank you to our sponsors!
Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021
Coinchange: https://coinchange.io

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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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

Thank you to our sponsors!

Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021

Coinchange: https://coinchange.io

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/