For the past few months, the puppetmasters behind the Bored Ape Yacht Club non-fungible token (NFT) collection have been gearing up for their biggest product launch yet: a mysterious new service called Otherside.
So far, all signs point to Otherside being a competitor to “metaverse platforms” like Decentraland and The Sandbox, or online social spaces in the vein of Second Life. And while there’s still no approximate timeline for the platform’s debut, Otherside is facing its first major test this coming weekend in the form of a massive sale of NFTs.
A consequence of the buzz is that Ape fans are trying to charge each other for the privilege of being an early investor in these NFTs, offering to sell specially registered Ethereum wallets connected to strangers’ personal information.
Of course, buying access to a random person’s crypto wallet is extremely risky for a few reasons, not least of which is that – in this case – it almost certainly constitutes fraud.