Acquired for $30k, BAYC Launches Otherside.xyz

Bored Ape Yacht Club launched a new metaverse called Otherside. ApeCoin holders who had their wallets KYC’d were able to begin minting the Otherside virtual land NFTs, called Otherdeed, last night. For this new metaverse, Yuga Labs, parent company of BAYC, is using the Otherside.xyz domain name:

Your key to the Otherside awaits. Mint is live: https://t.co/UWRD4dO4k9

— OthersideMeta (@OthersideMeta) May 1, 2022

Otherside.xyz was a recent acquisition for the company. In fact, domain investor Swetha Yenugula announced that she sold Otherside.xyz for $29,888 in mid-March. The domain name was sold via Dan.com:

@xyz sales last week.https://t.co/1twDaQFlYD sold for $59888 @afternic https://t.co/wz7w2mm8Da sold for $29888 @Undeveloped https://t.co/7QBksvpmSX sold for $7888 @Undeveloped https://t.co/09ZnaOGcyv sold for $2995 @afternic https://t.co/d81ETmXyW2 sold for $2995 @Sedo

— Swetha.xyz (@DomainNameGear) March 21, 2022

Otherside.xyz is currently registered under Whois privacy at Google’s domain registrar. I presume they bought it using the BIN option rather than by making an offer or leasing the domain name.

I have seen some naysayers comment about how unreal some .xyz sales appear. Here’s another example of a reported sale that turned out to be acquired by a major business.