Learn everything you need about The Otherside metaverse project by Yuga Labs, the creators of the Bored Ape Yacht Club NFT collection
Yuga Labs’ Otherside project wants to be the metaverse of all metaverses. A seamless link that brings interoperability of digital assets to the fore. Moreover, it carries Yuga Labs NFT collection communities together under one roof to engage in digital economies and a new frontier of human interaction. In this article, we answer the most common questions about the Otherside. Let’s get to it.
Content
- What is The Otherside Metaverse?
- What is ApeCoin (APE)?
- Legends of the Mara: Otherside’s first game
- Digital collectibles on the Otherside
- Which NFT collections will be compatible with The Otherside?
- What does the future hold for The Otherside?
What is The Otherside metaverse?
The Otherside is one of the most anticipated metaverse projects due to its gamification plan and connection with Animoca Brands. Moreover, Yuga Labs intends their Bored Ape metaverse to be an MMORPG connecting the broader NFT universe. The platform will turn NFTs into playable characters while collectors can own land in this open-world game and engage with various ecosystems.
Yuga Labs is looking to build one metaverse that reigns them all and has already started shaping Web3 through its shrewd acquisitions and market moves. From buying the IP rights to CryptoPunks and Meebits to the ApeCoin drop.
Now, Yuga wants to fit all this into the Otherside, offering users an interoperable experience that will allow them to move between metaverses.
Yuga Labs and Bored Apes Yacht Club
Yuga Labs is a blockchain technology company that develops NFTs and digital collectibles. Headquartered in Miami, Florida, Yuga Labs launched the Bored Ape Yacht Club (BAYC) in 2021, which became one of the most significant projects in the history of NFTs. Along with CryptoPunks, it spearheaded the NFT hype that saw record trading volumes in 2021.
Yuga Labs made headlines again after revealing its metaverse plans in March 2022. It completed a funding round that saw them raise $450 million and put them at a $4 billion valuation. Investors include Coinbase, Animoca Brands, Samsung, and Google Ventures. In other words, Yuga Labs is a potent and influential organization with ties to virtually all the biggest companies in the crypto and NFT space.
What is ApeCoin (APE)?
ApeCoin (APE) is an ERC-20 token created on the Ethereum blockchain that will serve as the native utility and governance currency of the BAYC ecosystem. Importantly, those wishing to buy lands in the Otherside metaverse had to pay using Ape Coin.
In the broader BAYC ecosystem, holding Ape Coin enables holders to participate in the DAO’s governance and exclusive access to ecosystem features, such as games, events, merchandise, and services.
Legends of the Mara: Otherside’s first game
Announced in March 2023, Legends of the Mara (LoTM) is the first game being developed in the Otherside metaverse. It’s a 2D strategy game created with collectors in mind. The narrative of the entire metaverse will be intertwined in this game with the native Otherside inhabitants Kodas, their Vessels, the Otherdeeds, and the players. Yuga Labs shared that the open beta for LoTM is set for September 2023.
“We want to get an early version in the community’s hands now so you can play and provide feedback while we keep building.”
While it’s too soon to tell how the entire Otherside metaverse experience will differ from the LoTM game’s universe, the hype around it has been big – not only from Yuga Labs community members but in the whole Web3. In order to play the game, you’ll need to hold one of the NFTs of the Otherside universe.
Once the game reaches its open beta playtest, Otherdeed holders will be granted a new NFT. Mara and Kodamaras are other character NFTs introduced to the Otherside with the new game.
Digital collectibles on the Otherside
The Otherside metaverse world will be filled with blockchain-based assets connected to various games and experiences in the virtual world. Its marketplace will be the central hub for buying and selling in-game assets. ApeCoin will be the only currency used for transactions, and developers can use the SDK to create characters, outfits, tools, structures, and games. These can also be bought and sold in the marketplace. Learn more about the NFTs from the Otherside below:
Otherside land plots NFTs: Otherdeeds
Otherdeeds is the name given to land plot NFTs in The Otherside metaverse. They are dynamic NFTs built as a collection of game elements. Each Otherdeed comes with a set of resources.
One notable thing about Otherdeeds is that they are regarded as Dynamic NFTs. This means the traits of an Otherdeed can change based on what you do in the game. Having interchangeable traits means opportunities to add or remove resources from land, thus creating a secondary marketplace for each item.
Five main traits can be found on Otherdeed plots:
- Environment
- Sediment
- Resources (dynamic)
- Artifact (dynamic)
- Koda (dynamic)
Each Otherdeed plot has an environment and sediment with resources, artifacts, and Kodas being the interchangeable traits. Regarding rarity, Kodas and Artifacts are the least expected things to be found on the land, and Kodas are creatures found on 10% of the Otherdeeds plots.
Kodas: the native inhabitants of the Otherside
Within the ecosystems made up of the Otherdeeds live Kodas. They are beings that Yuga Labs says “have ushered us into the Otherside.” Moreover, the narrative surrounding Kodas is directly connected to the Otherside lore and its first in-metaverse game: The Legends of the Mara (LotM).
The company stated that anyone who encounters a Koda should take care. “We don’t know why they’ve brought us here or their affinity to this land.” If you are lucky enough to meet a Koda, tread cautiously,” Yuga said.
While around 10% of Otherdeeds come with Kodas, they are a collection of assets of their own and can evolve even more when playing Legends of the Mara.
Which NFT collections will be compatible with The Otherside?
The collections listed will have 3D models ready to go as playable characters at launch. Other collections not listed but a part of the broader Yuga family, such as World of Women, Toadz, and more, can be imported or created using the Otherside SDK.
- Bored Ape Yacht Club
- Mutant Ape Yacht Club
- Bored Ape Kennel Club
- CryptoPunks
- Meebits
What does the future hold for The Otherside?
Considering Yuga Lab’s rise to fame quickly, the most exciting aspect of the Otherside project will be what will come. Yuga and its partners have supported Legends of the Mara and its connection to Otherdeeds and Kodas, so for now, the possibilities of what Animoca and Improbable can do seem unlimited.
Keep up with Metaverse trends
The Otherside metaverse is a very promising virtual world that has got its Yuga Labs community hyped for a while now. DappRadar will continue to track its journey in Web3 and keep you posted on how to play and earn the best blockchain gaming metaverses.
Useful links
- What is the Metaverse: A Next-Generation Virtual World
- Yuga Labs: From Nothing to The Disney of Web3 in 2 Years
- What is Bored Ape Yacht Club?
- Otherside Dapps in Top Blockchain Dapps Ranking
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