Less than a week after news of a collaboration between luxury fashion house, Gucci, and leading Web3 firm, Yuga Labs broke, the two companies have unveiled their first joint project. Dubbed “Otherside: Relics by Gucci,” this collection features 3,333 KodaPendants attached to silver necklaces that come in physical form and are linked to NFTs.
Introducing the first discovery of #OthersideRelicsByGucci, a #GucciKodaPendant paying homage to the origins of @Othersidemeta. #GucciJewelry Discover more https://t.co/Fh6pSfmLHg pic.twitter.com/tNUDqLNe3h
— gucci (@gucci) April 3, 2023
These pedants represent the first relic to come out of this intriguing partnership. The physical chain is said to be 50 centimeters long, on which, sits a Koda-shaped pendant engraved with “GG.” Their sale kicks off on April 6 at 6:00 p.m. EST, with each chain going for 450 $ApeCoin which roughly equates to $1,903 as of press time.
Who Can Access Yuga Labs KodaPendants?
Unfortunately, the KodaPendants will not be accessible to everyone, only those that hold Koda or Vessel NFTs. When Yuga Labs debuted Otherdeeds last year, some included a Koda character that holders were recently able to separate from the original NFT. In addition, Otherdeed NFT holders were also entitled to claim at least one Vessel, which will be key in Yuga Labs next gaming experience, Legends of the Mara.
In other words, any Otherdeed holder is eligible to purchase one of these KodaPendants subject to availability. Once a holder has completed the purchase, their Koda and Vessel NFTs, which are associated with the pendants, will be updated to sport a virtual version of the chain.
Furthermore, holders will be eligible for a physical KodaPendant chain that Gucci will distribute later in the year. However, these physical chains will also be limited to residents of specific nations; these include the United States, Canada, Kuwait, Qatar, the UAE, Saudi Arabia, Japan, and most European countries.
The announcement comes at a time when fashion brands are actively exploring Metaverse opportunities. Last year, luxury jewelry brand, Tiffany’s, launched a limited edition necklaces for CryptoPunks holders that cost $50,000 and sold out in no time.
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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
Basil is an avid fan of blockchain technology and all its innovations, and he is passionate about sharing this narrative with his audience. He has spent over five years in the crypto space, specializing in research and creating Web3 content for various media outlets around the globe.