![]() It verifies that you are who you say you are. Know Your Customer, or KYC as it's known, is a standard validation process in the crypto community used to verify the identity of a customer, their risk and financial profiles. Over the past couple of months, there seems to have been an acute breakout of FOMO throughout the crypto universe among those eager to break on through to the Otherside, mainly from people who missed the April 1 deadline to be cleared under KYC. Consider the market performance of the top 25 coins over that past week: While crypto markets were in the red over the week leading up to the Otherside launch, the price of $APE was going green in anticipation of BAYC's metaverse (true to the saying that the grass is always greener on the other side). The cost of minting one Otherdeed was set - just hours before the 9:00 PM start time - at a flat 305 $APE, or about $5,847, based on $APE's per-share price of $19.17 at the start of the sale. Getting in on this much-anticipated metaverse to mint Otherdeeds requires the purchase of ApeCoin ($APE), the governance and utility token for the entire Ape ecosystem, and the legal tender in this new, exclusive metaverse. It consists of 200,000 plots of "land" that are available through the purchase, or minting, of so-called "Otherdeeds" - NFTs that act as title deeds for the plots of virtual land. The Otherside metaverse is an usual, diverse and colorful landscape. Yuga went so far as to proclaim that it was "the largest NFT mint in history by several multiples." But for many eager investors, system crashes and high gas fees made it anything but smooth sailing to the Otherside. ![]() People across the ether went ape this past weekend after Yuga Labs, creator of Bored Ape Yacht Club (BAYC), launched its highly publicized metaverse, the Otherside, which dropped at 9:00 PM ET, on Saturday, April 30. ![]() Enjoy enhanced rewards and low fees with these five cryptocurrency credit cards.
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