T-O-S The Other Side NFT statistics

Помните NFT-коллекцию скучающих обезьян? Проект BAYC от Yuga Labs был запущен всего год назад, но уже вошёл в историю.

Во-первых, все NFT были раскуплены за первые 12 часов (сейчас доступны лишь на вторичном рынке). Во-вторых, обезьяны стали таким хитом среди звёзд шоу-бизнеса, что кроме аватарок в Инсте , планируется создать музыкальную NFT-группу а-ля Gorillaz. И в-третьих, в этом году была запущена собственная метавселенная OtherSide, которая ещё на моменте демо-презентации побила все рекорды по продажам виртуaльных земель.

Сегодня мы расскажем, как же выглядит OtherSide сейчас.

The Other Side is an NFT project focusing on both fashion and art from a creative team that has worked with many major companies and brands, while also implementing a staking mechanism to reward holders to help build out The Other Side ecosystem.

Moonwalkers from The Other Side hold the power to mine «moonerals,» a treasure found on the same side of the moon as moonwalkers. The Other Side Moonwalkers can be staked and are rewarded with moonpods that contain moonerals equivalent to the amount of time they have been staked.

A total of 100,000 moonpods will ever be dropped to those staking moonwalkers. Moonpods will also contain additional treasure and commodities that are required to expand The Other Side ecosystem.

Slowly but surely, the Bored Ape Yacht Club (BAYC) is getting bigger. Massively so. New and exciting happenings are being announced on a near-monthly basis. And now Yuga Labs — the company behind BAYC — has started down the path to create their massive metaverse endeavor. It’s a new project called Otherside.

The Otherside project was initially announced in March 2022. Subsequent speculation and a deluge of unconfirmed information in circulation made the actual details of the project fuzzy at best. This isn’t too surprising, given the scale of the project. While some may have thought Otherside was just another expansion to the existing BAYC NFTs, it isn’t at all comparable to secondary collections like the Bored Ape Kennel Club.

This new endeavor is a whole new ballgame.

And even though its launch was riddled with hiccups and rather poorly received throughout the greater NFT community, it looks like Otherside is here to stay. With this in mind, here’s everything you need to know.

NFTPriceProfitSeller BuyerAttributes

1

The Other Side NFT

#2199

Sold:
8 hours ago
12

The Other Side NFT

#2199

48. 99

0. 0300

Sold:
8 hours ago
12

48. 99

0. 0300

Held: 69 days

0x593407. 3bdbb9

0x67Dcd9. Da1E2c

2

The Other Side NFT

#5022

Sold:
22 hours ago
8

The Other Side NFT

#5022

48. 98

0. 0300

Sold:
22 hours ago
8

48. 98

0. 0300

-1,777. 58

-0. 5600

Held: 64 days

-1,777. 58

-0. 5600

OfficeAcc1

0x08A6AC. CA0e06

3

The Other Side NFT

#4448

Sold:
21 hours ago
8

The Other Side NFT

#4448

48. 98

0. 0300

Sold:
21 hours ago
8

48. 98

0. 0300

-1,054. 23

-0. 3700

Held: 50 days

-1,054. 23

-0. 3700

NFTJonesy7

0x08A6AC. CA0e06

4

The Other Side NFT

#560

Sold:
4 hours ago
10

The Other Side NFT

#560

44. 09

0. 0270

Sold:
4 hours ago
10

44. 09

0. 0270

-879. 61

-0. 3230

Held: 161 days

-879. 61

-0. 3230

0xedAfA1. 0201a1

0x67Dcd9. Da1E2c

5

The Other Side NFT

#771

Sold:
13 hours ago
15

The Other Side NFT

#771

43. 92

0. 0269

Sold:
13 hours ago
15

43. 92

0. 0269

-2,770. 63

-0. 9731

Held: 83 days

-2,770. 63

-0. 9731

JacobMeyer

0x67Dcd9. Da1E2c

6

The Other Side NFT

#3772

Sold:
13 hours ago
15

The Other Side NFT

#3772

32. 82

0. 0201

Sold:
13 hours ago
15

32. 82

0. 0201

Held: 17 days

0x67Dcd9. Da1E2c

0x8F12BA. ACd21f

7

The Other Side NFT

#7294

Sold:
13 hours ago
11

The Other Side NFT

#7294

32. 82

0. 0201

Sold:
13 hours ago
11

32. 82

0. 0201

Held: 24 days

0x67Dcd9. Da1E2c

0x8F12BA. ACd21f

8

The Other Side NFT

#6392

Sold:
4 hours ago
7

The Other Side NFT

#6392

32. 66

0. 0200

Sold:
4 hours ago
7

32. 66

0. 0200

Held: 25 days

0x67Dcd9. Da1E2c

0x44Aa72. 20D394

Команда NFT-проекта Bored Ape Yacht Club (BAYC) опубликовала видеоролик с анонсом Otherside.

В Yuga Labs не уточнили, что такое Otherside, но назвали сроки релиза — апрель 2022 года.

В ролике появились персонажи коллекций BAYC и MAYC, а также CryptoPunks и Meebits. Права на последние Yuga Labs выкупила неделю назад.

16 марта команда анонсировала запуск ориентированной на игры метавселенной MetaRPG для расширения проекта. В старте поучаствует издатель блокчейн-игр Animoca Brands — владелец популярного виртуального мира The Sandbox.

17 марта Yuga Labs запустила торги ApeCoin, который станет основным активом не только для экосистемы NFT-проекта, но и для будущих продуктов компании. Среди обладателей NFT BAYC, MAYC и BAKC распределили 150 млн APE.

По данным NFT-маркетплейса OpenSea, за последние 7 дней объем торгов токенами BAYC подскочил на 375%. У MAYC и BAKC рост составил 314% и 861% соответственно.

Напомним, сооснователь мем-криптовалюты Dogecoin Билли Маркус заявил, что ApeCoin вредит NFT-сегменту.

Читайте биткоин-новости ForkLog в нашем Telegram — новости криптовалют, курсы и аналитика.

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Как всё начиналось?

Старт прoекта был в фeврале 2021-го, когда Yuga Labs выпустилa NFT-кoллекцию BAYC, набор человекоподобных скучающих обезьянок. Старт прoдaж был на уровне 200$, а сегодня самую простую «скучающую nft» можно купить на вторичном рынке в районе 400$тыс. , т. пeрвыe пoкупaтeли получили прибыль в размере 216 900%.

Общие продажи NFT-кoллекции BAYC нa сeгодняшний дeнь достигли $2 млрд. А последующие кoллекции MAYC и BAKC в общем проданы на 1,6$ млрд. Также компания выкупила права на нашумевшие NFT CryptoPunks и Meebits.

Тем временем, обезьяны стали нереально популярны у звёзд шоу-бизнеса в качестве уникальных аватарок. Дeржателями тoкенов Yuga Labs являются Илон Маск, Снуп Дог, Майк Шинода, Эминем и многие другие. Продюсер Timbaland и вовсе решил создать музыкальную обезьянью VR-группу.

Но на этом компания Yuga не остановилась и анонсировала свой следующий проект — метавселенную Otherside, запуск которой состоялся в конце апреля.

Конечно же, после демо-ролика стоимость NFT-коллекции поднялась до 430$ тыс. (минимальная цена), а созданный специально для внутренних расчётов токен Apecoin взлетел с 1 до 18$ за первые 10 минут. Сейчас он упал до 4$.

Кстати, пoсле выпускa Apecoin, дeржатели NFT BAYC и MAYC пoлучили 15% всeх тoкенов, с помощью которых можно голосовать и принимать рeшения, связанныe с упрaвлением Otherside, а так же бесплатные земли.

Кроме того, Yuga объявили о продаже вирутальной земли «Otherdeeds» , причём не через классический Голландский аукцион, а по фиксированной стоимости в 305 Apecoin, но не более 2-х NFT на один верифицированный кошелёк.

Разумеется, эти участки являются неотъемлемой частью мета-ролевой игры. И каждый участок будет иметь свои уникальные атрибуты, такие как природные ресурсы, артефакты и редкие персонажи.

Виртуальная земля была раскуплена в рекордные сроки и побила прибыльность Sandbox.

Что в итоге? Продажи земель побили все существующие рекорды, в 2-3 раза обогнав давно существующий Sandbox и составили 320$ млн. Oднa из редких виpтуaльныx зeмeль Otherside былa пpoдaнa зa $ 1,5 млн.

Выпустив всего-лишь демо-ролик Yuga Labs смогли опередить в 2-3 раза Sandbox по продажам земель.

Yuga Labs — это известные создатели NFT-коллекции Bored Ape Yacht Club (BAYC)

Проект Otherside продемонстрировал возможности собственной виртуальной платформы для владельцев земли в Otherdeed и разработчиков.

Команда метавселенной, созданной Yuga Labs, пригласила 4 300 игроков для первого знакомства с технической демонстрацией возможностей онлайн-платформы. Виртуальных путешественников сопровождал аватар обезьяны из коллекции Yuga Labs.

Участники тура, посетившие Biogenic Swamp, были либо владельцами документов на земли в Otherdeed, либо избранными разработчиками других проектов студии. Владельцы Otherdeed смогли совершить тур по игре Voyager’s Journey, состоящей из 11 частей «вокруг таинственного обелиска, появившегося во вселенной Otherside».

По сути, The Otherside — это метавселенная или виртуальный мир на блокчейне, который состоит из 200 000 участков виртуальной земли. Как и участки в метавселенных Decentraland и The Sandbox, местные невзаимозаменяемые токены (NFT) Otherdeeds покупаются и продаются на открытом рынке.

«Мы верим в необычайную силу сообщества и воочию убедились, что оно может стать значительной силой добра. Мы стремимся стимулировать, расширять возможности самовыражения, творчества и изобретательности для сообщества участников Otherside», — говорится в заявлении разработчиков в проектном документе для метавселенной (Litepaper).

Статистика, собранная с cryptoslam. io, показывает, что по объёму продаж за неделю NFT Otherdeed заняли третье место среди разных коллекций. На прошлой неделе объём продаж Otherdeed составил $8 540 410, что на 28,67% больше, чем неделей ранее.

В Litepaper упоминается термин интероперабельность. Это свойство аватара пользователя свободно перемещаться по разным многочисленным виртуальным мирам или игровым платформам, которые потенциально могут сформировать глобальную метавселенную.

Между тем криптовалюта Apecoin (APE), которая будет использоваться в метавселенной Otherside, за последний месяц выросла в цене на 48,2%, опередив за этот период большинство других токенов. За прошедшие две недели APE поднялся на 10,6%, а его суточный рост составил 22,6%.

Понаблюдать за «игровым» процессом (если можно назвать игрой время, проведённое в метавселенной) можно в записи стрима «амбассадора метавселенных» Chateaux Zed. Выглядит, надо сказать, это, достаточно. странно.

* Компания Meta признана экстремистской на территории РФ

Will Gottsegen was CoinDesk’s media and culture reporter.

Eli is a news reporter for CoinDesk. He holds ETH, SOL and AVAX.

After much ado, Yuga Labs held its long-awaited digital land sale on Saturday evening – a public debut for its “Otherside” metaverse project. While the resulting land rush generated roughly $285 million for the company, it also created some of the highest gas fees in the history of the Ethereum network: Investors have spent over $176 million on fees alone in the past 24 hours.

Otherside is the biggest product launch yet from the company best known for creating the Bored Ape Yacht Club non-fungible token collection. During last night’s sale, traders snapped up a limited supply of 55,000 “Otherdeeds” NFTs, which represent titles to plots of virtual land in a forthcoming 3D social space.

They cost about $7,000 each, and were only available for purchase in ApeCoin (APE), Yuga Labs’ official cryptocurrency. On secondary marketplaces like OpenSea, the cheapest listed price for an Otherdeed was around 7 ETH (roughly $19,000) at publication time.

The night was a win for the firm, which previously raised $450 million from venture capital giant Andreessen Horowitz, and a kind of slow-burning disaster for everyone else. (The Otherside raise was worth even more last night – around $320 million – but the value of APE has since fallen

The company issued a public apology in the wake of the fee-related chaos:

The statement also gestures at the idea of refunding traders’ gas fees, though it’s not yet clear what that process would look like.

“It seems abundantly clear that ApeCoin will need to migrate to its own chain in order to properly scale. We’d like to encourage the DAO to start thinking in this direction

Of course, the firm has taken great pains to assert that it doesn’t actually control the ApeCoin decentralized autonomous organizatrion – maybe it can donate some of last night’s windfall to the cause.

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The firm sold tokens tied to 55,000 distinct parcels of land at around $6,500 each, and generated something like $300 million in revenue. (The NFTs were priced exclusively in ApeCoin, Yuga Labs’ official cryptocurrency, the volatility of which makes it tough to settle on an exact number

The sale also functioned as a kind of unofficial funding round for a company that raised $450 million in blue-chip venture financing earlier this year.

Yuga Labs, for the uninitiated, is the company behind the Bored Ape Yacht Club, which remains the crypto ecosystem’s single most valuable NFT collection. The firm didn’t even have to say what it planned to do with the money, in teasing the Otherside land sale; the fact of its proximity to the Bored Apes was more than enough reason for investors to buy in.

And buy in they did, in spite of a series of system-breaking failures.

And because all pending transactions on Ethereum are queued up in one giant list, what clogs a single NFT project can end up clogging the entire network. At certain moments on Saturday and early Sunday, even simple crypto transfers demanded several thousand dollars in fees.

That meant that the $6,500 buy-in was effectively even higher – only investors with tens of thousands of dollars’ worth of liquid crypto could capitalize on the land rush. And Bored Ape owners got to skip the whole process, claiming free Otherside NFTs at their leisure, as gas prices descended to reasonable levels. One prominent Ape investor, Jimmy McNelis, boasted about paying just. 88 ETH in fees to claim 144 Otherside land parcels.

The result is that Otherside effectively comes with a baked-in class of landed elites. Staking a claim in Yuga Labs’ metaverse was far easier for a Bored Ape owner than for any other variety of NFT whale; for traders without hundreds of thousands of dollars already invested in this space, it was nearly impossible. (A single Otherside NFT currently costs about $11,000 on the secondary market

If, as metaverse boosters like Mark Zuckerberg predict, the creator economy really does move into virtual online spaces like these, we’ll all be working on Ape-owned land – almost a riff on manorialism, the Medieval economic system, with Apes as lords.

The decision to conduct Saturday’s sale in ApeCoin also meant that prospective investors had to load up on the coin in advance of the sale, resulting in a literal pump and dump: the price of a single ApeCoin shot up to $26 ahead of the sale, and immediately dipped nearly 50% once traders swapped their coins for NFTs.

Yuga Labs’ response to the chaos was to propose abandoning Ethereum entirely.

Yuga Labs has spent months trying to distance itself from ApeCoin and its primary governing body, the ApeCoin DAO, presumably for regulatory reasons. The thinking is that if ApeCoin comes from Yuga Labs, it’s a kind of securities offering, and should be regulated as such. If it comes from this amorphous, headless DAO, though, it should technically be outside the scope of the SEC (more on that here).

It’s no wonder the Otherside debacle has traders so peeved. The rich get richer, supposedly decentralized systems continue to centralize, and the venture capital firms behind Yuga Labs are poised to expand their monopoly over the space even further.

It’s the Apes’ world – we’re just living in it.

Что обещали создатели?

На своём сайте Yuga сoобщили, чтo прoект разрабатывается в пaртнёрстве с Animoca Brands (мaтеринская кoмпания The Sandbox) и Improbable (занимается технологиями метавселенных). Мир Otherside будет сoчетать мeханику мнoгoпoльзовательских рoлeвых oнлaйн-игр (MMORPG) и виртуальных миров c пoддeржкой Web3.

Со слов создателей, они пытаются создать MetaRPG, где игрoки влaдеют землями и любoй NFT мoжет стaть игрoвым пeрсонажем (с помощью специального комплекта для разработки программного обеспечения SDK), при этом тысячи людей смогут быть он-лайн одновременно.

OtherSide будет совмещать в себе элементы MMORPG и метавселенных с NFT.

Типичныe миры онлайн-игр мoгут oбрабатывать oколо 10 000 oпераций в сeкунду. Otherside же смoжет oбрабатывать бoлее пoлумиллиарда oпераций в сeкунду, чтo oбеспечит бeспрецедентный мaсштаб игрoвого прoцесса и взaимодействий, котoрые рaнее были невoзможны.

What is the Otherside project from Yuga Labs?

Otherside is the largest expansion of the Bored Ape NFT universe we’ve ever seen. The NFT space first got a first glimpse into what Yuga Labs was trying to build with Otherside from their leaked 2022 pitch deck. In the deck, the company expressed a desire to “build something that expands the universe of the BAYC, but also invites the larger NFT community (and those priced out of BAYC membership) to join

Some of Yuga Labs’ founders originally rejected the contents of the deck. They posted in Discord, claiming that the deck was, “an old, outdated pitch deck and hilariously a version that neither Gordon nor I ever saw. ” However, it seems this is actually exactly what the company is hoping to do with this project. After a tweak to their messaging, the Otherside website stated that the project is literally aimed at building a new universe. Specifically, in the metaverse.

The Otherside project is ultimately an MMORPG (Massively Multiplayer Online Role-Playing Game) connected to the BAYC ecosystem. Wondering how the Otherside world and BAYC NFTs fit together? You’re not alone.

The team notes that the game will blend mechanics from MMORPGs and Web3-enabled virtual worlds. Specifically, players own the land in the world, NFTs can be transformed into playable characters, and more than 10,000 people will be able to play together simultaneously.

Photo showing other NFT projects include in Otherside. Credit: Otherside

Yuga Labs hasn’t announced everything about how the game will work. But here’s what the team has said 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”

If that sounds really general and non-specific, it’s because it is. There isn’t any specific information related to the infrastructure or technology. What we do know so far is that the key to the game will be embedded within the unique ecosystem and the enigmatic Kodas that live within it.

Furthermore, the project will tie directly into the ApeCoin ecosystem. The only way to participate in the Otherside drop is to purchase an NFT using $APE tokens.

Who created and owns Otherside?

It’s important to note that, at this point in the Bored Ape journey, Yuga Labs isn’t the only entity piloting the ship. Although the four founders of Yuga Labs first came up with the idea for BAYC and were an integral part of bringing the Otherside project to life, there are a good number of additional companies and individuals now helping run the show.

Apart from Yuga Labs, the most prominent force behind Bored Apes is now venture-capital firm Andreessen Horowitz (known as “a16z”), who led Yuga Labs’ seed round through their crypto fund. With the funding, Chris Lyons, general partner at a16z crypto, joined Yuga Labs’ board. Other prominent players include Animoca Brands, Improbable, and the ApeCoin DAO.

Animoca Brands is a game software and venture capital company helping build Otherside. Considering Animoca is also the driving force behind the widely popular metaverse game The Sandbox, the Hong Kong-based company has continued to solidify itself as a major player in metaverse endeavors.

An image teasing the Otherside. Credit: Otherside

Similarly, Improbable, a British metaverse technology company pioneering new ways to build value across interconnected virtual worlds, has become synonymous with the Otherside project. Meaning that Animoca and Improbable are both joint creators and owners of Yuga Labs’ Bored Ape-centric Otherside.

On the path to Otherside though, there have been many investors and contributors backing Yuga Labs from the newly launched ApeCoin ecosystem. As the new MMORPG will tie directly into the ApeCoin — which recently expanded as we saw OpenSea and other NFT marketplaces start to accept $APE as a form of payment — it’s clear to see that the ApeCoin DAO, which is the true creator behind the ApeCoin, will largely influence Otherside.

What are Otherdeeds and Kodas?

When it comes to deciphering how Otherside might actually work, one of the best things to turn to is Otherdeeds. Otherdeeds are dynamic NFTs that were built as a collection, and they contain all of the game elements. Each Otherdeed comes with a set of resources and some (very few) include a Koda (more on that in a moment).

The Otherdeeds NFT land sediment tiers. Credit: Otherside

Otherdeeds were launched via public sale on April 30, 2022 as a collection of 55,000 parcels of land. It should be noted, though, that the entire supply of Otherdeeds totals 100,000, with the other 45,000 parcels reserved for Bored Ape NFT holders and Yuga Labs employees and partners.

Within the ecosystems made up by Otherdeeds, live Kodas.

Three Kodas from Otherside’s Otherdeeds NFTs. Credit: Otherside

To see a full breakdown of how items are listed in the Otherdeed NFTs, see the image below.

An Otherdeed NFT showing where sediment type, items, and more appear on the NFTs. Credit: Otherside

The Otherside NFT land sale

Now that Otherside NFTs have been (and still are being) released and traded throughout the NFT ecosystem, everything seems to be more or less well within the BAYC kingdom. Yet, as previously mentioned, the Otherdeeds drop did not go off without a hitch. Quite the contrary.

To begin with, a number of Otherdeeds were reserved for current members of the BAYC community. You can see a breakdown of who received what in the image below.

Otherdeed distribution outline. Credit: Otherside

Launched on April 30, the Otherdeeds release was originally slated to be released via Dutch Auction. In the past, Dutch Auctions have been widely used to avoid astronomical gas fees created by a large number of NFT collectors attempting to mint their new NFTs all at once. In a Dutch Auction, NFTs collectors are given the opportunity to bid on items ahead of the sale, placing a bid that corresponds to the amount they are willing to spend on the NFT. On the day of the sale, the project creators analyze all the bids to come up with a ceiling price for the NFT (the highest point at which the NFTs will be sold). Then the sale begins, and collectors can start to purchase NFTs at the designated price. There is a gradual decline in price every few minutes once the Dutch auction starts. This continues ​​until the whole collection is sold or the auction time ends.

However, Dutch Auctions have traditionally made a bad impression on the NFT community. While projects will usually set their initial price relatively high — in hopes that there will be a fair distribution of NFTs throughout the sale i. , create a sort of “buy what you can afford” mentality — fear of missing out (FOMO) almost always leads to the majority of collectors buying at the high price, ensuring that gas wars happen regardless.

This structure didn’t work. And it didn’t prevent excessive gas fees. In fact, the sale never even reached the second of a proposed five+ waves.

The Otherside mint

With the cost of each Otherdeed set at 305 $APE (and $APE valued at around $20 during the mint), each Otherdeed will cost somewhere around $6,100 at launch. This excessively high price point didn’t stop anyone from buying. Gas prices failed to dip anywhere below 1 ETH ($2,750 at the time), and FOMO yet again led to a free-for-all.

Only NFT investors with tens of thousands of dollars in liquid crypto were able to participate, and countless individuals lost upwards of 1-2 ETH due to failed transactions.

What happened next? A lot.

Although Yuga promised to work out a solution to refund the ETH that many lost to gas fees, it’s been a small consolation to the greater NFT ecosystem. NFT drops largely seem broken because project creators don’t properly analyze options, and the Otherdeeds sale just reinforced this. Yuga Labs responded to the fiasco by saying that the only solution is to create their own chain.

Hanlon’s razor is a real bitch, because a majority of the time in life, people really are just incompetent, and aren’t actually trying to be maliciousbut in the 1% of cases where they are manipulating, they’ll ALWAYS make it appear like incompetence to cover their tracks

Otherdeeds licensing

What does “owning” an Otherdeed actually entail? Of course, you can trade it, and the Otherdeed marketplace has been booming since launch, achieving upwards of 200,000 ETH (over $568 million) in secondary sales only a few days after launch. But collectors who choose to hold onto their Otherdeeds for the long run need to be aware of the licensing behind the new Yuga Labs NFTs.

As outlined in the Otherside NFT Purchase Agreement, when a collector purchases an Otherdeed NFT, that collector owns all personal property rights to that Otherdeed. They have the right to freely sell, transfer, or otherwise dispose of that NFT. What collectors do not receive, though, are the rights of any kind to any image or other intellectual property (IP) associated with, related to, or linked to an Otherdeed.

Of course, the debate around whether or not NFT collectors should be granted the rights to the IP of any tokens they collect is nothing new. As we’ve seen numerous prominent Web3 figures fighting for the proliferation of creative commons licenses for NFTs.

Looking further into the Otherside Licensing Agreement, it’s clear Yuga has taken measures to prevent the NFT owners from profiting off of their NFTs. To this effect, the company has stated that Otherdeeds can only be used by collectors in a personal, non-commercial way i. “home display, display in a virtual gallery or creating a reasonable number of back-up copies and physical printouts

Although it is understandable that the team wants to be the ones to profit off of their IP, these clauses feel contrary to the values of some in the wider Bored Ape community. Especially considering that one of the biggest selling points of BAYC has been the ability of Ape owners to profit off of – and, in some cases, create entire brands surrounding – the IP of the BAYC they own.

Kodas from Otherside. Credit: Otherside

Next, a separate clause prohibits the transfer of Kodas to any individual “located in a country that is subject to a U. Government embargo, or that has been designated by the U. Government as a terrorist-supporting country, or listed on any U. Government list of prohibited or restricted party

The future of the Otherside metaverse

Considering Yuga Lab’s extreme levels of success, possibly the most interesting aspect of the Otherside project will be what is to come. As Yuga and its partners have continued to be intentionally cryptic when it comes to all things Otherdeeds and Kodas, the possibilities of what Animoca and Improbable can bring to the table seem unlimited – especially when coupled with the money of Andreessen Horowitz.

One thing is clear through all of this, though: Yuga 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.

Those who own a plot of land will be able to participate in demos, prototype builds, in-person events, and contests. While Otherdeed collectors need not have any special or technical knowledge, 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.

BAYC Makers’ Next Blue Chip Collection?

The Metaverse is a term that is growing in popularity every day, with developments in Web 3. 0, non-fungible tokens (NFTs), and decentralized finance (DeFi) pushing its creation and adoption throughout the world.

One of the biggest players in NFTs, Yuga Labs and its Bored Ape NFT collections, is now finally coming to the table, developing a Metaverse that aims to incorporate NFTs from across multiple platforms in order to create one of the largest Metaverses in existence.

The Otherside project uses ApeCoin (APE) as its governance and native crypto. APE is trading at $7. 66 with a total circulating supply of 292. 2 million APE for a market cap of $2. 2 billion.

What Is the Otherside NFT Metaverse?

The Otherside NFT Metaverse is the latest development from Yuga Labs, the people behind the hugely successful Bored Ape Yacht Club (BAYC) and its ApeCoin (APE) crypto.

Otherside aims to be a massively multiplayer online role-playing game (MMORPG), that will be connected to the BAYC ecosystem. Here, up to 10,000 participants will be able to use playable NFTs to play together simultaneously.

The Otherside Metaverse aims to be as immersive and interactive as possible, with playable NFT characters and natural voice chat. In this same spirit, the Otherside Metaverse will be an ever-evolving world developed by the holders of the Otherside Land NFTs, known as Otherdeeds.

These players will collaborate to shape the world by participating in prototype builds, demos, and tests to shape the gaming design and experience. In this way, the Otherside NFT Metaverse will be a hybrid between Web 3. 0 platforms and interactive gaming experiences like those experienced by players of games like Dungeons and Dragons. Other investors in the project will also be able to participate in the Otherside Metaverse’s development through the ApeCoin decentralized autonomous organization (DAO).

The Otherside NFT Metaverse is still under construction, but it is making moves to become one of the largest Metaverses to date. This is being done through collaborations with different NFT ecosystems, whereby players will be able to participate with playable NFTs from collections including World of Women (WoW), Cool Cats, and CrypToadz.

Otherside land NFTs come in a great variety and enable players to create the Metaverse (Source: otherside. xyz)

Otherdeeds, Kodas, and NFT characters

In order to create an inclusive, ever-evolving Metaverse with playable characters and an element of intrigue, Otherside is composed of multiple components:

Playable NFT characters

By allowing different types of NFTs to participate in the Otherside Metaverse as playable characters, the creators can ensure that there is more diversity in the world and that those who are priced out of buying expensive Ape NFTs can still be a part of it.

This incorporation of NFT holders from other ecosystems will expand the project’s reach and in turn contribute to its growth.

There are a total of 10,000 Kodas within the initially available 100,000 Otherside Land NFTs (of a total of 200,000) i. an initial 1 in 10 chance of receiving a Koda when buying land. How players will interact with them and what will happen in their storyline remains a mystery, however, some believe that Kodas could be the next blue chip NFT collection.

The mysterious beings known as Kodas who live in the Otherside Metaverse vary based on their world or Land NFT. (Source: otherside. xyz/world)

Who Is Behind the Otherside NFT World?

Yuga Labs, as the company behind ApeCoin and the BAYC, is the primary creator of the Otherside Metaverse. Other bigwigs backing the Otherside NFT Metaverse include:

• Andreesen Horowitz, or “a16z crypto”: This venture-capital firm led the first seed round for Otherside NFT Metaverse through its crypto fund. The firm’s large capital led to it securing a place for one of its general partners, Chris Lyons, on Yuga Lab’s board for the Metaverse project.
• Animoca brands: A gaming software company and venture-capital firm, Animoca Brands is one of the companies behind the hugely popular Metaverse and virtual real estate platform, The Sandbox. Already an established player in the space, Animoca Brands is helping build the Otherside NFT Metaverse through funding and technology.
• Improbable: This British company pioneering new technology in the Metaverse space is also aiding the Otherside NFT project through its gaming software. With Improbable and Animoca’s help, Otherside aims to create a massive, secure, and interactive platform across virtual worlds.

The NFT Otherside metaverse will include NFT characters from various  ecosystems. (Source: otherside. xyz/world)

Otherside and the NFT Community

Despite the hype in the lead up to the project’s release in April (APE was the only coin in the top 20 to see its value turn bullish during the preceding week), as well as Yuga Labs earning $318 million from the original sales of Otherdeeds, the kickoff for the project did not go smoothly.

Two Key Issues of The Otherside NFT

Within minutes of launch, more than $200 million worth of Otherside Land NFTs had been sold, Ethereum gas fees skyrocketed to $5,000 per transaction, and Etherscan crashed. This led Otherside to freeze the sale, meaning that only 55,000 of the 100,000 land NFTs made available were sold during the first wave of sales.

To make matters worse, many buyers found that their purchases had not gone through, but gas fees had been charged. Otherside has promised to refund these fees, but the experience left many with a bad taste in their mouth.

Another aspect of the Otherside Metaverse which has left many NFT collectors and Metaverse fans perplexed and alarmed is their somewhat hidden and questionable rules.

For example, the Koda licensing agreement for a Koda NFT is revocable. This means that Yuga Labs can take away a collector’s license for their Koda NFT.

Additionally, the terms and conditions prohibit transferals of Kodas to any individuals located in countries subject to a US embargo or those deemed to support terrorists such as Iran and Cuba. This kind of behavior runs against the ethos of decentralization.

Otherside Metaverse

The Otherside Metaverse’s value can best be seen through the price fluctuations in its governance token and native cryptocurrency, ApeCoin (APE).

The initial hype and excitement brought about by the leaked project proposal, the mystery surrounding the digital world’s appearance, and the secrecy surrounding the Koda NFTs led to big gains in the project’s value.

At a time when most coins were tumbling, APE was hitting new highs. Unfortunately, the rocky start to its launch, insanely high gas fees, individuals losing money, and essentially a crash of the system, led to chaos and a huge drop in its value from $24. 83 hours before the launch to lows of $16. 71 the next morning and $5. 29 10 days later.

APE price chart from 17 March 2022 to 24 May 2022. (Source: coinmarketcap)

What Is the Future for the Otherside Metaverse?

Additionally, as a world that will evolve based on the Otherside Land NFT holders and participants in the ApeCoin DAO, even those without the capital to enter at the top can have a say in how it develops.

Overall, despite some initial failures, excitement for the project remains strong. Alongside its strong financial backing, expert advisors in gaming and Metaverse software, the Otherside could well emerge a key player in shaping the future of the NFT Metaverse.

How to Buy ApeCoin on Phemex

ApeCoin (APE), as the Otherside NFT Metaverse project’s main currency and governance token, is the best way to invest in the Otherside project (except for by buying one of the affiliated NFT characters or Otherdeeds).

1 Go to Phemex. com and select “Buy Crypto. ” You can select to pay using a credit card or bank transfer.

2 Sign up for a Phemex account, using a valid email address and password.

3 Deposit fiat currency (like USD, for example) or crypto into your account.

4 Search for your selected cryptocurrency, in this case APE.

5 Refer to Phemex’s live price chart to see the APE Coin price movements and make your own technical price analysis for an APE Coin price prediction. There are many technical indicators and tools to choose from to help you with your analysis.

6 Check the APE Coin to USD, other fiat currency, or cryptocurrency price. Then, to buy APE Coin, specify your maximum buy price, as well as how much APE you would like to buy.

7 Confirm your transaction.

Your APE Coin will appear in your Phemex wallet. Crypto settlements on Phemex usually appear within two hours.

Что в итоге?

Ужe совсeм скoро, 16-го июля, рaзработчики прoдемонстрируют свою первую тeхнологию First Trip.

К этому времени уже было проведено 2 нагрузочных теста, которые были доступны жителям США и Европы и только через ПК. Доступ имели владельцы NFT, которые трансформировались в игровых персонажей.

После успешного входа пользователи попали в упрощённую (со слов создателей) версию будущего запуска. Среди белого пространства и кучи беснующегося народа были лишь квадратные блоки, на которые можно запрыгивать, а ещё отблеск заката.

Несмотря на огромное количество пользователей, всё прошло без лагов и задержек.

У местных аватаров не было лица, словно у манекенов, присутствовала классическая панель с эмоциями и довольно разнообразные движения (танцы, двойные прыжки в воздухе и т

Модератор в виде огромного аватара комментировал, что именно сейчас будет тестироваться. Например, все хором говорили разные фразы, создавая огромное стерео-эхо, носились туда-сюда или выражали свои эмоции.

Тест одновременного звучания.

Второй стресс-тест прошёл буквально на днях, 9-го июля. По итогам все присутствующие пользователи остались в восторге от того, как плавно и без задержек всё работало с учётом количества игроков.

Итак, 16. 2022 произойдёт официальный запуск первого игрового элемента First Trip, поэтому нам остаётся ожидать видео стримов, ведь доступ к OtherSide ограничен.

Будем следить за развитием событий вокруг этого хайпового проекта!

The Otherside NFT Metaverse is the latest development from Yuga Labs, the people behind the hugely successful Bored Ape Yacht Club (BAYC) and its ApeCoin (APE) crypto. Otherside aims to be a massively multiplayer online role-playing game (MMORPG), that will be connected to the BAYC ecosystem. 30 мая 2022 г

Otherdeed is the key to claiming land in Otherside. Each have a unique blend of environment and sediment — some with resources, some home to powerful artifacts. And on a very few, a Koda roams. Otherdeed is the key to claiming land in Otherside