What Are The Koda NFTs?

From the time Yuga Labs eventually announced the date for the mint of its Otherside NFTs, the Koda NFTs became the hottest topic in the nonfungible token industry. Since their inclusion in the leaked Yuga Labs pitch deck from several weeks ago, people have expected that Koda will become the next mega-hit NFT collection from the Bored Ape Yacht Club (BAYC) creators.

What is Koda? It is an NFT? Is it possible for you to buy one? Despite the claims from the Yuga Labs founders, the leaked pitch deck was nearly accurate when it came to the Koda characters.

The History Behind Koda NFTs

The Kodas came up for the first time in the buzzy trailer for Otherside that Yuga Labs put out in March 2022. In the video, the Bored Ape characters were whisked away to a fantastical world, Otherside, by small alien creatures.

Notably, the potion that the Ape drinks, which is what begins altering the world in front of him, is in a bottle that has a Koda likeness on it. The same likeness is the current Otherside logo.

At the time, nobody knew what the creature was or just how major a role it would eventually play in Otherside. Everything changed rapidly when a leaked Yuga Labs pitch deck made rounds on the internet. The viral trailer for Otherside featured the first-ever Koda sighting.

What Is Koda NFT?

Coming in line with their definition in the pitch deck, the Otherside website describes Kodas as “the primal beings that have ushered us into the Otherside.”

There is some lore from the pitch deck. It classifies Kodas as a race of ‘celestials.’ Being the last celestials, the creatures are important to the world of Otherside. Their energy is what keeps the universe strong averting any possibility of collapsing.

The idea comes that the Koda creatures used their cosmic energy to develop one last microverse into ‘our dimension’. This microverse, of course, would be Otherside. The Bored Apes, together with other Yuga Labs NFTs and some exclusive partners, are who the Kodas decide to drag into the new world.

This is mainly the storyline that we see play out in the Otherside trailer. People seem to have been waiting for the Kodas ever since the leaked Yuga Labs pitch deck showed the name of these cute aliens.

Are Kodas NFT Avatars For The Otherside Metaverse?

Eventually, the Kodas came in just as the pitch deck said they would. For now, it means that the Koda creatures are just extra traits in Otherdeeds. For clarification, Otherdeeds are the NFTs that are linked to the lands that will be present once Otherside goes live.

While some people thought that the Kodas may launch as a standalone NFT PFP collection, it seems not to be the case. Although, maybe there will be Koda NFTs down the line. Or maybe, the small aliens might have full, metaverse-ready avatars to utilize in Otherside.

Kodas might not be a full-blown collection on their own. However, they still have traits and a rarity system.

How To Claim A Koda NFT

At the time of publication, people have minted or claimed more than 97,145 Otherdeed NFTs. Thus, there are less than 2,855 Otherdeeds still available for grabs. By this same token, 9,696 of a maximum of 10,000 Kodas have already been revealed. Does this mean that you have a small chance to win the lottery with a Koda-bearing Otherdeed?

Unfortunately, the general public’s opportunity to participate in the lottery has passed. There are 100,000 genesis Otherdeeds available. 55,000 Otherdeeds were available for the now-infamous public mint. Then there were the Otherdeeds that are available for MAYC and BAYC holders to claim, at a rate of 1:1.

Since there are 10,000 BAYC NFTs and 20,000 MAYC NFTs, it means that another 30,000 Otehrdeeds are already accounted for. This leaves just 15,000 Otherdeeds that were reserved for different Otherside and Yuga Labs partners and investors. The 100 Mega Koda characters are the rarest of the rare.

How To Purchase Koda NFTs

At that point, the only available way to get a Koda is to purchase an Otherdeed that has one on secondary. As expected, they will not come cheap. Notably, the general floor price for Otherdeeds on OpenSea is 3.6 ETH. Compare this price to the floor price set for Otherdeeds with Kodas that is now at 23.3 ETH.

With all things taken into consideration, it hardly comes as a surprise. Yuga Labs has already made it clear that Kodas will be integral to the Otherside experience. In some way, Yuga Labs have made history once more. They managed to turn a sub-collection of NFT traits into a blue-chip collection.

The Koda hype will not go anywhere anytime soon. Thus, Yuga Labs needs to deliver with the Otherside game itself.