It was 8pm on Thursday night and I was surfing twitter.
I saw this tweet
Alright let’s see how sideways this can go lol I’m a buyer of Yuga Land, Otherdeeds at mint price. If you have a KYC’d wallet and don’t intend to buy the 2 allotted lands… let’s chat. Also pls don’t be a random account with less than 100 followers and no on chain activity…
I sat up in my chair.
I faintly remember verifying my wallet and KYC’ing for Yuga Labs a few months ago, but I wasn’t sure.
People were hesitant to KYC. KYC stands for “know your customer” and financial institutions use it to verify people’s identities. Big financial institutions are hated by crypto natives for things like KYC. Sine, anonymity and alternative identities are valued in crypto, it was strange to see one of the largest players in the space doing it. So, a lot of people didn’t KYC.
I decided to check it out. I went to the Otherside website and connected my wallet. I saw this.
I responded to Jacob’s tweet saying “let’s chat”.
We dm’d back and forth. Once he knew I was a real human he offered me .5 eth ($1500) to mint two Otherdeeds for him.
What is an Otherdeed?
Watch this trailer. https://www.youtube.com/watch?v=qt1equGhkQE
Otherdeeds are claims for land in the Otherside universe.
Otherside is Yuga Labs suspicious metaverse. Yuga created Bored Ape Yacht Club and Mutant Ape Yacht Club. They also own the rights to Crypto Punks
I could make $1500 risk-free by accepting Jacob’s offer. But, if someone is willing to pay me $1500 to buy an asset for $13,000, that must mean something.
Before I went to sleep on Thursday, I wrote down a list of friends that I would call in the morning to pitch this opportunity.
I woke up and called dozens of my friends to invest. The pitch?
The creator of the Bored Apes and owners of crypto punks, the two most successful nft projects of all time, are dropping a metaverse tomorrow
I am one of the few people allowed to mint it
Someone is offering to pay me $1500 to have access to this opportunity
We need $13k to make this happen
Most of the responses?
You want $13k to buy fake land?
3 friends decided to go in on it with me. They each zelle’d me their share and we were off to the Otherside.
We needed 610ape to mint two Otherdeeds. Ape coin is the cryptocurrency for Yuga Labs and the Bored Ape Yacht Club ecosystem. At the time, 610ape is equivalent to 5eth (Ethereum) which is around $13,000usd. So basically, we needed $13,000 worth of ape coin in my digital wallet on the blockchain by tomorrow.
I bought $6700 of APE right away. I went to transfer the APE to my digital wallet and forgot.
Centralized exchanges like Binance, Coinbase, and FTX have lockup periods after you purchase crypto. Coinbase makes customers wait 5 days before they can transfer more than $1000 of cryptocurrency. I could only transfer $1000ape (50 tokens) to my wallet before the mint day (tomorrow). I needed to bypass the exchanges and get the remaining $12,000 of APE in my wallet.
I called my friend and asked for advice. He told me to Zelle him the funds. Since he was a premium Crypto.com customer, he could buy the APE and send it to my wallet the same day. I Zelle’d him $3500 and waited. I waited. I waited.
Nothing happened. His Crypto.com couldn’t send the APE to my address. Great.
I called another friend and told him what we were getting into. He said he had some eth in his wallet and could spot me 3 eth.
I converted the 3eth to 414ape. Now I had 414ape+ 50ape= 464 APE. I was still 145 APE short of the goal. Things looked bleak.
The Crypto.com friend called me back. He said the transaction wasn’t going to work but he could send me $3,000 to help. This covered the rest of the APE and I ended up with 617 APE (equivalent to $13,100).
I had the money and I was ready for war.
So I thought.
Read part two soon.