The Bored Ape Yacht Club (BAYC) has been getting bigger during the last few months. On their route to success, Yuga Labs, the company behind BAYC, has started to create their massive Metaverse world. This new project is called Otherside. Yuga Labs officially announced the Otherside project in March.
Immediately at the release, rumors went around describing the project as just another expansion of the existing Bored Ape Yacht Club or even a secondary collection like Bored Ape Kennel Club. However, Yuga Labs put an end to the stories by releasing a teaser for Otherside.
In this article, we provide a complete guide for the Otherside project.
What is the Otherside project from Yuga Labs?
Otherside is the newest expansion of the Bored Ape NFT universe. It is the NFT space the Yuga Labs desired to build to expand the world of Bored Ape Yacht Club. Otherside also invites the larger NFT community to join along with the BAYC members.
The Otherside seems to be ultimately a Massively Multiplayer Online Role-Playing Game (MMORPG) connected to the BAYC ecosystem. THE Yuga Labs team explained that the game will be a mixture of MMORPGs and a Web3-enabled virtual world. So, over 10,000 people who own NFTs can play together simultaneously while they can transfer their NFTs to playable characters. The Yuga Labs has recently encouraged the hype by planning to release a demo of Otherside Metaverse on July 16.
Besides, Otherside plans to go over the borders and be its own Metaverse so that it will offer an interoperable experience. In other words, Otherside users will be able to move between Metaverses. The project even goes further to include prominent NFT collections such as Cool Cats, World of Women, Crypto Toadz, and some more. As the result, it could be said that this Metaverse will be an Open-world game that allows players to own land and interact with different ecosystems. In fact, this Metaverse provides users with unique beings that inhabit them.
Although Yuga Labs has been on news for a while for the Otherside project, it has not announced everything about the game and how it may work. According to BAYC and Otherside Discord and Yuga Labs official announcements, these are what the team has said about the project so far:
- Multiplayer features will be made possible via Improbable’s M2 technology
- Otherside will include natural voice chat
- They hope to solve problems in bandwidth and rendering “using machine learning”
- Otherside will be able to handle more than half a billion operations per second
- Immersive gameplay will be “supported by AI and physics”
All the information above seems really general and non-specific. By now, Yuga Labs has not released any information related to the infrastructure, technology and even the auction. This caused a fall in the prices of Yuga Labs assets since the announcements on Otherside auction were totally confusing. However, it is almost certain that the Otherside will tie directly into the ApeCoin ecosystem. Therefore, the only way to participate in the Otherside drop is to purchase an NFT using $APE tokens.
Follow @nftnewspro Follow @nftnewsproThe creators and owners of Otherside
The four founders of Yuga Labs first came up with the idea for BAYC and, then, were an integral part of creating the Otherside project, but there are also some other companies and individuals now helping run the show.
The most prominent force behind Bored Apes along with the Yuga Labs is venture-capital firm Andreessen Horowitz (known as “a16z”), which supports Yuga Labs by their crypto fund. With the funding, Chris Lyons, general partner at a16z crypto, joined Yuga Labs’ board. Other well-known partners are Animoca Brands, Improbable, and the ApeCoin DAO.
Animoca Brands is a game software and venture capital company that helps Yuga Labs build Otherside Metaverse. It should be noted that Animoca is also the driving force behind the widely popular Metaverse game The Sandbox. This Hong Kong-based company has continued to solidify itself as a major player in Metaverse endeavor.
Improbable, a British Metaverse technology company pioneering new ways to build value across interconnected virtual worlds, has also joined Yuga Labs to produce the Otherside project (or as they call it OthersideMeta). This suggests that Animoca and Improbable are both joint creators and owners of Yuga Labs’ Bored Ape-centric Otherside.
Many investors and contributors are known to back Yuga Labs from the newly launched ApeCoin ecosystem. As we already mentioned this new MMORPG will tie directly into the ApeCoin. Due to the wide acceptance of BAYC and other projects of the Yuga Labs, OpenSea and other NFT marketplaces start to accept $APE as a form of payment. Therefore, it goes without saying that the ApeCoin DAO, which is the true creator behind the ApeCoin, will largely influence Otherside.
Otherdeeds and Kodas
To clarify how Otherside might actually work, Otherdeeds is the one best thing to turn to. Otherdeeds is a collection of dynamic NFTs that contains all of the game elements. Each Otherdeed comes with a set of resources and some few include a Koda.
To be more precious, each piece of land in Otherside has up to four replenishing resources that users can harvest and use in the game. Some are rarer than others. They include anima (for research), ore (metal), shard (stone), and root (wood). There are also five sediment types (or tiers) that each land is built upon: Biogenic Swamp (tier 5), Chemical Goo (tier 4), Rainbow Atmos (tier 3), Cosmic Dream (tier 2), and Infinite Expanse (tier 1).
Otherdeeds were launched via public sale on April 30 including 55,000 parcels of land. However, the entire supply of Otherdeeds is 100,000 and the other 45,000 parcels are reserved for Bored Ape NFT holders and Yuga Labs employees and partners. The release price of land in Otherside was a big shock, though.
Kodas, on the other hand, are the beings that Yuga says “have ushered us into the Otherside.” Kodas are intentionally fuzzy and users aren’t supposed to know exactly what they are or why they exist; though, they have an important connection to the Otherside land. The company stated that users who meet a Koda must tread cautiously.
The Yuga Lab decided to release Otherdeeds in waves on April 30. hoping that limiting the number of NFTs each user could collect would mitigate high gas prices. According to the news, Yuga Labs and its partners gained almost $400 million based on the value of that time ($23.49).
Licensing of Otherdeeds
An important highlight in the Otherside land Metaverse definitely is the ownership of the virtual land. The ownership of an Otherdeed NFT entitles the customer to trade it, which has been crucial in the Otherdeed NFT market, reaching a value of around 200,000 ETH in secondary sales.
However, the Otherdeed NFT does not entitle the owner to rights of any image or intellectual property pertaining to the NFT. The Otherside Licensing Agreement also serves as a vital highlight for the Otherside land NFT ecosystem. The licensing agreement prevents any NFT owner from making profits from other creators’ NFTs. As of now, the Otherdeeds serve the personal and non-commercial utility of display in a virtual gallery.
Follow @nftnewspro Follow @nftnewsproThe future of the Otherside Metaverse
Yuga Lab’s extreme levels of success possibly are the best guarantee for what Otherside project may come to. Introducing Otherdeeds and Kodas, and considering unlimited possibilities of what Animoca and Improbable along with Yuga Labs can bring to the table, it seems the success of the project is already promised.
However, it is obvious that Yuga Labs still very much values the Bored Ape and wider NFT communities. Yuga seems to be trying to exude the values associated with BAYC, as they have stated that Otherdeeds holders will be the major builders of Otherside. Otherdeed collectors do not need any special or technical knowledge. All Individuals and companies can apply for a Software Development Kit (SDK) to be involved in building characters, character skins, structures, in-game items, minigames, and more for Otherside.
Latest NFT News, Trendings and Tutorials, right at your inbox, every Monday Leave this field empty if you're human: