Koda NFT story began with the trailer for ‘Otherside.’ It was published on March 19th via the BAYC Twitter and YouTube channels. It depicted a Bored Ape NFT hero being transported by a Koala-like creature with extraterrestrial traits to the Otherside Metaverse, where he was greeted by other NFTs. NFT investors have been anticipating the arrival of the Otherside virtual environment and metaverse game since the release of the teaser trailer. The Otherdeeds for Otherside NFT dropped on April 30th – a method of minting virtual land in Otherside. Let’s begin.
What is a Koda NFT?
Kodas are a collection of 10,000 rare creatures, a ‘race of celestials’ with distinct characteristics and significant worth in the Metaverse. Little has been released since the Otherside video, and the NFT Twitter area has been speculating wildly on their potential role and financial possibilities.
Many ‘next big NFT opportunity of 2022’ similar videos are circulating on YouTube, and individuals who were fortunate enough to obtain a Koda when purchasing Otherdeeds have been flaunting them on social media. There are unconfirmed reports that Koda NFTs might one day become another blue-chip NFT project that redefines the metaverse environment or that it could be the next Mutant Ape Yacht Club or Bored Ape Kennel Club.
The pitch deck provides us with a little bit more lore. There, Kodas is classified as a “celestial” race. These beings are essential to the realm of Otherside as the final celestials. Their energy is what protects the cosmos from imploding. The Kodas then utilized their cosmic energy to construct one last Microverse into “our dimension.” That Microverse is, of course, Otherside. The Kodas plan to bring the Bored Apes, along with the other Yuga Labs NFTs and a few select partners, into this new universe. This is the scenario that we see unfold in the Otherside trailer.
Who are Kodas?
The pitch deck describes Kodas as “Primal Beings who have ushered us into the Otherside.” It identifies them as a race of heavenly creatures vital to the Otherside’s survival; their cosmic energy holds the cosmos as we know it together. After doing extensive research, we came up with the following full story:
Koda channeled their cosmic force towards transforming the final Microverse into “our dimension.” This Microverse is known as the Otherside. Not wanting the Otherside to be desolate and prepared to go to any length to keep the cosmos in balance, the Kodas drew bored apes and other NFTs into the Metaverse. We observed the following NFTs in the flying submarine/spacecraft in the trailer:
- MAYC – Mutant Ape Yacht Club
- World of Women
Though brief, this video provides just enough information about the Metaverse to pique our interest. Following considerable discussion, Kodas made their debut appearance in the Otherside mint, as promised in the pitch deck.
How will Kodas be released?
At first inspection, these entities appear to be extra features in Otherdeeds rather than unique non-fungible tokens. Otherdeeds are Otherside metaverse land NFTs, similar to virtual real estate. Kodas appear to be linked to the Otherside, most likely as watchers. Kodas was not released as a single NFT PFP (profile photo) collection, as BAYC is renowned for. It created considerable consternation among the NFT crowd, particularly those who were looking forward to showing off their Kodas on Twitter. It’s still feasible that Kodas will be released as complete metaverse-ready avatars in the Otherside metaverse.
What exactly is a Mega Koda?
A Mega Koda is a rare Koda that was considerably more difficult to mint and more valuable than Kodas. Mega Kodas will most likely have more skills in the Otherside game. Even little is known about the mechanics of their operation. Otherdeed #48882 was purchased for 204 ETH (almost $500,000) and included a Mega Koda, according to the Bored Ape Gazette. Nvictus.eth, the buyer, also tweeted that it was a rank #7 Mega Koda.
Some Otherdeed land transactions have reached $1 million if it was a premium real estate with great uniqueness. Even without a Koda, this OpenSea listing has a bid offer of 320 ETH. It contains materials such as Runa, Psychosilk, Whisper, and Rainbow Atmos sediment. Its ecology is likewise unique since it is sulfuric and volcanic.
A quick look at the Otherside
Before we look at the possibility of Koda, which is currently driven by conjecture but is plausible enough to be accurate, let us take a trip to the Otherside, BAYC’s flagship and the most ambitious metaverse project to date. BAYC has yet to provide all of the data; however, we have obtained some information owing to Twitter guesses and some trustworthy sources.
The Otherside is a gamified 3D metaverse powered by ApeCoin and produced in conjunction with Animoca Brands. It has driven the NFT community “bananas” since its inception, and not just because the artwork is great. The incorporation of other NFT initiatives into the Otherside virtual reality is the cause for the buzz.
Other NFTs in the trailer include Cryptopunks, Mutant Ape Yacht Club, World of Women, Meebits, and many more. The Otherside metaverse has piqued the interest of some significant investors, garnering $450 million in a seed round led by The Sandbox and FTX exchange.
What could Koda NFTs be in the future?
Right now, any Koda NFT projections we can make are completely theoretical. However, several dealers and collectors have projected certain probable outcomes based on the history of BAYC NFTs and the underlying mechanisms that might control Koda NFTs.
Willy Bullish, a user, made the most complete forecast concerning Koda NFTs. He formulated a theory based on his knowledge of the NFT business and the facts in the leaked pitch deck.
He believes that the Genesis Koda will dwell on the land and level up by participating in programmed missions. Every time these Kodas go out, they return with antiquities, decorations, gear, and even accessories. You’d subsequently be able to sell those on a secondary NFT marketplace or display them on your plot.
He goes into further detail on how BAYC may use the Axie Infinity method and include a breeding mechanic for Koda NFTs. The $APE economy will increase in tandem with the population. He claims that ApeCoin fees will generate passive revenue for Koda owners. The wealth of NFT land owners will expand when the next generation of Kodas comes. BAYC has a history of providing information via Tweets and then allowing the NFT community to drive. In certain circumstances, their forecasts come true.
Where can you buy Koda NFTs?
You cannot currently purchase Koda NFTs. In the future, they may be marketable and constitute their own Koda NFT collection. For the time being, the best you can do is search Otherdeed for Otherside Opensea ads and purchase some virtual land. Because the crypto markets are presently in a slump and some individuals may panic sell, you may consider making lowball bids for a property with a Koda on it.
Before you buy a property deed, make sure you have one of the top NFT wallets to safeguard and maintain your crypto and NFT assets. We recommend using eToro or Coinbase since they provide industry-leading security. Non-fungible tokens can be stored in the Coinbase wallet.
Also, keep in mind that any NFTs with the name Koda on OpenSea right now are not official releases and have nothing to do with the Otherside Metaverse. Don’t buy those clone tokens; none of them can compete with the blue-chip potential of Koda NFTs.
Koda NFTs are not currently tradeable on any NFT marketplace as their NFT collection. However, we may assume that this will happen in the future Since Mutant Apes and the Bored Ape Kennel Club were spinoffs from Yuga Labs that began as free airdrops to BAYC owners. They were afterward listed on OpenSea and gained in value tremendously over time. BAKC dogs reached a floor price of 12.5 ETH in April 2022.
If you’re looking for Koda NFTs, you can presently acquire Otherdeed for Otherside NFTs on OpenSea for a floor price of slightly under 3 ETH. Otherdeeds with a Koda on them are more costly. Metaverse projects are a new emergent asset class that will see a surge in 2022. The success of the Otherside project remains to be seen, but many investors are optimistic about the Metaverse concept in general, as well as the Metaverse coins that power it.