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Unchained

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

Unchained

Laura Shin

Tech News, Business News, News

4.61.3K Ratings

🗓️ 6 May 2022

⏱️ 39 minutes

🧾️ Download transcript

Summary

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  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Crypto moves at lightning speed. For the latest crypto updates, be sure to subscribe to our daily newsletter at unchainedcrypto.substac.com.

0:09.0

Again, that's unchainedcrypto.substac.com.

0:16.0

Hi, everyone. Welcome to Unchained, your no-hype resource for all things crypto.

0:20.0

I'm your host, Laura Shin, author of The Cryptopians.

0:24.0

I started covering crypto seven years ago, and as a senior editor at Forbes,

0:28.0

was the first mainstream media reporter to cover cryptocurrency full-time.

0:31.0

This is the May 6th 2022 episode of Unchained.

0:35.0

With the Crypto.com app, you can buy, earn, and spend crypto in one place.

0:40.0

Download and get $25 with the code, Laura. Link in the description.

0:45.0

Point change is the easiest way to earn passive income using crypto.

0:50.0

You can safely deposit cash or cryptocurrencies to earn up to 20% annual yield.

0:55.0

There is no lending or market risk, just simple, high return yield farming.

1:00.0

Create an account today at trydfi.cc slash UNC and receive 40 USDC.

1:08.0

That's trydfi.cc slash UNC.

1:14.0

Today's guest is Eric Golden, host of the Web 3 Breakdowns podcast,

1:19.0

and owner of BoardApe 7560 and many other Eugulabs assets.

1:24.0

Welcome, Eric.

1:25.0

Thank you for having me, Laura.

1:27.0

This past weekend saw the other segment, which was for digital land in Eugulabs'

1:32.0

promised metaverse related to the BoardApe yacht club and some other NFT projects.

1:37.0

Although Eugulabs and its partners, who include Anna Mocha Brands, a coin dow

1:42.0

and others raised about $320 million, many view the sale as a debacle.

...

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