The Kodas have been the hottest subject in the NFT sector since Yuga Labs finally revealed the date for their Otherside mint. People have been anticipating the Kodas as the next mega-hit NFT collection from the BAYC makers since its inclusion in the leaked Yuga Labs pitch deck a few weeks ago.
But, what exactly is a Koda? Is this a true NFT? Is buying one still an option for you?
The Background of Kodas
The Kodas first appeared in Yuga Labs’ buzzy trailer for Otherside, which was released in March. A small alien monster whisks the Bored Ape figure we follow away to a magical place called Otherside in that film.
Furthermore, the ape drinks a potion that begins to shift the landscape in front of him, and the bottle has a Koda likeness on it. The current Otherside logo is based on that similar likeness.
No one realised what this monster was or how important it would be in Otherside at the moment. When a leaked Yuga Labs pitch deck made the rounds on the internet, everything changed quickly.
What is a Koda NFT, exactly?
The Otherside website depicts Kodas as “the primal beings that have ushered us into the Otherside,” which matches their pitch deck description.
The pitch deck actually gives us a little more backstory. There, Kodas is classified as a “celestial” race. These animals are crucial to the realm of Otherside as the final celestials. Their energy is, in fact, what prevents the universe from imploding.
The Kodas, it is assumed, used their cosmic energy to construct one final microverse within “our dimension.” Of course, that microverse would be 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. Obviously, this is the plot that we see unfold in the trailer for The Otherside.
Are the Kodas for the Otherside Metaverse NFT avatars?
In the end, the Kodas showed up exactly as the pitch deck predicted. In other words, the Kodas are currently only additional qualities in Otherdeeds. Otherdeeds, to clarify, are NFTs that are related to the lands that will be released after Otherside launches.
While some speculated that the Kodas might be released as a separate NFT PFP collection, this is not the case. However, there could be Koda NFTs in the future. Or, even better, the little aliens could have full-fledged metaverse avatars to utilise on Otherside.
How to Make a Koda NFT Claim
People have minted or claimed 97,145 Otherdeed NFTs as of this writing. That implies there are still 2,855 Otherdeeds available. Similarly, 9,696 Kodas have been revealed so far out of a total of 10,000. So, if you have a Koda-bearing Otherdeed, do you still have a chance to win the lottery?
Unfortunately, the broader public’s opportunity has passed. To clarify, there are a total of 100,000 genesis Otherdeeds. For the now-famous public mint, 55,000 Otherdeeds were available. Then there were the Otherdeeds, which were available at a 1:1 ratio to BAYC and MAYC holders.
Given that there are 10,000 BAYC NFTs and 20,000 MAYC NFTs, there are a total of 30,000 Otherdeeds. 15,000 Otherdeeds remain, which were set aside for Yuga Labs/Otherside partners and investors.
— apewood.eth 🤠 (@boredapewood) May 3, 2022
Purchase Koda NFTs
The only way to get a Koda at this time is to buy an Otherdeed that has one on secondary. And, as you might think, they’re not selling cheap! On OpenSea, for example, the aggregate floor price for Otherdeeds is 3.6 ETH. In comparison, the current floor price for Otherdeeds with Kodas is 23.3 ETH.
This comes as no surprise, given the circumstances. After all, Yuga Labs has stated that Kodas would play an important role in the Otherside experience. Yuga Labs has made history once again. They’ve effectively turned a subset of NFT features into a blue-chip collection.
One thing is certain: the Koda craze is not going away anytime soon. Now it’s up to Yuga Labs to deliver on the Otherside game.
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This article is just for educational purposes.
Make your own exploration before making any form of investment, as always.
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