The Otherside Metaverse has been trending in days, and for all the right reasons.
The Bored Ape yacht club is developing and expanding. Yuga Labs, the crypto media company, facilitated the launch of one of the largest events in NFT and metaverse to date.
Yuga Labs had given a hint about Otheraspect earlier in March. On March 18, 2022, the company’s official Twitter account tweeted, “See you in the other aspect in April. “The teaser attached to the tweet has been viewed more than 1. 8 million times. . It’s an exciting launch as Bored Ape introduced their first metaverse project.
So, after many hypotheses and some obstacles before the final launch, the task of the Other Side is here.
What do you want to know about Otherdeeds and where can you find them?Read on to stay informed about NFT Otherside through The Bored Ape Yacht Club.
Otherside is one of the Bored Ape Yacht Club’s most publicized and vital launches and projects.
Since the launch announced in March 2022, local and crypto NFT enthusiasts have been able to get a little more information about the Other Side since the presentation of the task that was leaked.
The Yuga Labs platform discussed how the company sought to “build anything that expands the BAYC universe, but also invites the broader NFT network (and non-BAYC members) to join. “
Otherside is a three-dimensional metaverse that provides a game format for Bored Ape NFT holders. An announcement related to this task was made a day after Yuga Labs introduced Ape Coin (Ticker Tag: APE), which is said to have a prominent role in otherside’s operation and operations.
What is the Other Side?
The Otherside is a massively multiplayer online role-playing game connected to the Bored Ape ecosystem. It’s a mix of multiplayer games and Web3 features.
Players will own their land in the world, NTFs can be reshaped into characters, and all of this can be done through more than 10,000 players playing at the same time.
To add to the hype, many other popular NFT projects like World of Women are included in the ecosystem. Yuga Labs has said a few things about Otherside, which may give a clearer picture of what is expected of this project. Here are some of the features:
Although the picture is not very clear, he has higher expectations of the crypto crowd. If there’s one thing we can say about Otherside, it’s that Yuga Labs’ recently introduced Ape Coin ($APE) cryptocurrency will have a major role to play in Otherside’s NFTs.
Otherdeeds is the key to reclaiming land in Otherside. At the time of writing, Otherdeeds through Otherside is indexed in the most sensible list: “Best Collections in 24 Hours”.
Otherdeeds is a collection of NFT, which were created with the sole purpose of containing all the details of the Otherside game. The NFT Otherdeeds have remained dynamic and come with a detail of the game, some of them (very rare) consisting of a Koda.
These Kodas are necessarily living beings “that brought us to the Other Side. “This story woven through Yuga Labs turns out to have been deliberately a bit confusing. As if users wanted to know the Kodas, but not what their goal is or why. exist.
The Otherdeeds were put online for the public on April 30, 2022, which was 55,000 parcels of land. Owning BAYC is because of the 100,000 Otherdeeds, 45,000 of them are reserved for Bored Ape NFT holders, as well as Yuga Labs workers and partners.
As discussed above, those Otherdeeds have the ability to be dynamic, becoming with the user’s activities in the game.
Other movements have been introduced and continue to be introduced in a number of releases.
The Otherdeeds auction was taken in the past as a Dutch auction. These auctions have been used to avoid the higher fuel charges, which occur when a large number of users tend to reach their NFTs at the same time.
However, after receiving many negative comments about the use of a Dutch auction, Yuga Labs made the decision to launch Otherdeeds in a series of waves, to avoid fuel costs.
Here’s how the team explained it: “At the beginning of the sale (wave 1), there will be a limit of 2 Otherdeeds hit according to the wallet. Once the fuel returns to moderate levels and the number of wallets arrives slows down, Wave 2 will begin, in which KYCed wallets will be able to reach up to four additional Otherdeeds. Each construction on the boundary according to the portfolio will be announced on Otherside’s official channels.
The sale went as planned and never went beyond the first wave of releases.
The Otherdeeds rate has remained at $305 APE (approximately $6100 at launch and $3800 at the time of writing). However, the maximum value has not deterred buyers and the value of gasoline has not decreased much. Many investors have lost more than 1-2 ETH as a result of industry failures.
The Yuga Labs team racked up $300 million in profits with this launch. The Yuga Labs team responded to users who lost the launch of their cryptocurrencies.
“We regret turning off Ethereum lighting fixtures for some time. It is transparent that ApeCoin will have to migrate to its own chain to evolve properly. We would like to inspire the DAO to start thinking in this direction. “Yuga Labs said in a tweet about the incident.
According to the latest reports, Yuga Labs after all refunded the amounts to users after the launch day debacle.
While there has been no news related to the launch through Yuga Labs, many users have indexed their Otherside NFTs into primary and secondary NFT markets such as OpenSea.
To buy an Otherdeed for yourself, you can move to the NFT marketplaces and buy the NFT crypto wallet as explained in the marketplace. Here are the undeniable steps you need to take to buy land on the Other Side:
Considering that this is a collaboration of Bored Ape Yacht Club, there is a lot to look towards the future of Yuga Labs and Otherside as a project.
The Otherdeeds has already reached 34,000 homeowners and an abundant market capitalization. Yuga Labs also made it clear that it still considers the partnership between them and BAYC to be very important.
Thet Bored Ape Yacht Club has made a call for itself in the non-fungible token space. With the popularity of pop culture, famous homeowners, and staggering costs with decent investment returns, BAYC has a leader in the NFT space.
Yuga Labs now works heavily with BAYC. The Otherside project, which includes BAYC’s main involvement, may see its popularity increase. However, one thing to keep in mind is that since the launch on the other side, $APE costs have fallen from their historical value. up to $12. 43 (Coinmarketcap. com): Maximum maximum probably due to the display that occurred at launch.
The rush of launch day and the failure of the Ethereum blockchain formula to meet the writing needs of the overexcited crowd show that Otherside will continue to gain popularity.
If you have a lot of questions about NFT and haven’t entered the NFT area yet, now may be the time.
Yuga Labs’ $APE game has a solid story and context. And the company has bigger plans for the future. Yuga Labs’ agreement with Larva Labs will give you access to some of the most popular NFT collections such as Meebits and CryptoPunks. At the time the deal was announced, Bored Ape Yacht Club’s valuation was $5 billion.
Bored Ape Yacht Club has come a long way since its inception. Whenever it turns out that users are losing trust in BAYC, they come up with a larger concept to expand or innovate their offering to their users.
The Other Side is one such innovation. It will depend on your financial ability and some due diligence. It would be better to wait and watch carefully as Yuga Labs takes some other step before investing in the Other Side.
Eric has been a content and cryptocurrency trader for several years, with a specific interest lately in NFT and virtual art in all its forms.