Making sense of Yuga Lab’s ‘virtual’ land bonanza By Cointelegraph

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Largest NFT mint ever: Making sense of Yuga Lab’s ‘virtual’ land bonanza

Last week, 55,000 parcels of “virtual land” were sold on the blockchain for more than $300 million, the largest nonfungible token (NFT) mint ever. It wasn’t without controversy.

In return for shelling out close to $6,000, a purchaser received an Otherdeed NFT, which authenticates that buyer’s ownership of a patch of digital real estate in developer Yuga Labs’ new Otherside game environment.