News

Yuga Labs NFT Game Tickets Raised $6 Million In Just Hours

Key Points:
  • Yuga Labs NFT game ticket sales hit 6 million USD in just a few hours.
  • Soon after Sewer Passes went public, it recorded a transaction volume of over 4,000 ETH (equivalent to more than $6 million) in just a few hours, indicating the project’s widespread appeal.
Sewer Passes, Yuga Labs’ NFT type for tickets to the recently launched game Dookey Dash, had a trading volume of more than $6 million within five hours of its introduction.
Yuga Labs NFT Game Tickets Raised $6 Million In Just HoursYuga Labs NFT Game Tickets Raised $6 Million In Just Hours

Dookey Dash is part of Yuga Labs‘ plan to expand the Metaverse ecosystem; the game genre is influenced by popular mainstream video games such as Subway Surfers and Temple Run. Owners of NFT BAYC and MAYC will be able to apply for Sewer Passes on January 17 and begin playing Dookey Dash on January 19. Non-NFT holders, according to Yuga Labs, can acquire back sewer passes from the OpenSea NFT marketplace.

Soon after Sewer Passes went public, it registered a transaction volume of more over 4,000 ETH (equal to more than $6 million) in just a few hours, confirming the project’s significant appeal. As a result, the sewer passageways are separated into four categories according to whether or not the proprietor is a BAY extension . MAYC NFT may or may not have Bored Ape Kennel Club NFT in its portfolio.

At the time of writing, the lowest pricing for Tier one sewer passes on OpenSea is 1.3 ETH (about $1,970), with a Tier four card available for up to 420 ETH (roughly $640,000).

Notably, the Twitter community discovered that Sewer Passes has a number of disorders encrypted in its clever contract, including a block record of wallet addresses sourced from other NFT exchanges such as LooksRare, NFTX, Blur, and LooksRare swap is a shell command.

This decision has sparked heated debate on Twitter, with the great majority of users understanding that Yuga Labs is upholding a flat 5% fee paid to its artists. Offshore, as opposed to optional award authorisation for buyers such as LooksRare or Blur.

“OpenSea provides copyright retention enforcement for developers of new tasks,” said the OpenSea developer. This is accomplished by incorporating a simple piece of code into the NFT contract that restricts the sale of NFTs to specific markets.

Wylie Arnow, co-founder of Yuga Labs, has been vocal about protecting creators’ copyrights, noting, “Coding anything into your NFT smart contract will assist creators ensure they collect royalties.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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