Prior to the launch of the Otherside metaverse, the base price of non-tradable tokens (NFTs) from the Bored Ape Yacht Club (BAYC) collection hit an all-time high above $430,000.

According to CryptoSlam, BAYC ranks third among NFT collections in terms of trading volume exceeding $1.9 billion.

Otherside’s launch is scheduled for May 1 at 04:00 (UTC/Kyiv). The Yuga Labs team will launch 55,000 NFT Otherdeeds at a price of 305 APE (about $7100 at the time of writing).

According to CoinGecko, ApeCoin (APE), which was launched earlier in March, has reached an all-time high of $26.7. At the time of writing, the asset is trading at $23.3.

According to Dune Analytics, around 7500 wallets hold 610 APEs out of 305 while another 24,400 wallets hold more than 610 APE. The project team has set a limit to the number of tokens that can be purchased – 2 NFTs per address.

Originally, Otherdeeds was planned to be distributed as part of a Dutch auction, but this method was abandoned due to its inefficiency.

Recall that in March, Yuga Labs released a video with the announcement of Otherside, featuring characters from the BAYC and MAYC collections, as well as CryptoPunks and Meebits. The project team bought the rights to the latter a few days before the meta-universe was announced.

That same month, Yuga Labs raised $450 million in a $4 billion valuation round, including the creation of Otherside.

In April, Bitcoin exchange Coinbase announced the casting of NFTs from the BAYC collection, which will be used in the upcoming three-part movie The Degen Trilogy. The first episode will air at the end of June.