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Otherside Metaverse, all about this fabulous project

A Metaverse project called the Otherside was created by the Metaverse Bored Ape, best known for its NFT collection. This article examines the Otherside Metaverse and its future.

Metaverse projects are undoubtedly popular investments in the Blockchain industry. Many people prefer to invest in projects developed by well-known crypto companies.

In the past few years, the Yuga labs company called Yuga Labs has revealed one of its most famous and expensive NFT collection called Bored Ape and their Metaverse project called Otherside.

In order to complete its own platform, Yuga Labs has unveiled the Otherside project. On March 18, 2022, Yuga Labs released the first teaser of Metaverse Otherside, which was viewed more than 1.8 million times.

Introduction to Metaverse Otherside

Otherside project

In the recent past, 3Web Yuga Labs, the company responsible for the Bored Ape Yacht Club, has been in the news for the release of their Metaverse Otherside project.

The objective of the project is to create a type of virtual open-world game platform where users will be able to purchase unique lands. The person who purchases these lands will become the owner of these lands, whose ownership will be recorded on the Ethereum Blockchain as a means of online distribution.

How did the Otherside Metaverse project get started?

BAYC is one of the world’s most popular NFT Yuga labs collections, with around 10,000 unique NFTs. This collection was created on the basis of the Ethereum Blockchain network.

The price of one mutant monkey is 152.4 Ethereum, which makes them one of the most popular NFTs in this collection. A number of people who have these monkeys can own Metaverse land on Otherside with these monkeys.

After the Yuga Labs/Yugacom Metaverse project launched in the world of Openseaio, Metaverse Otherside NFTs sold within a few hours, thus resulting in hundreds of millions of dollars in revenue for the company in just a few short hours

As a result, the $APE Bored Ape ecosystem token has also seen positive growth in the cryptocurrency market. During this time, $APE was worth $27.44 on the cryptocurrency market.

Since its users need to purchase Ape coins in order to participate in this project and acquire Otherside lands, the price of this cryptocurrency has grown by more than 150% since April 18 April 29. People can pay APE in order to mine NFTs and record their ownership on the Ethereum network.

What is Metaverse Otherside?

The Otherside is a 3D Metaverse that offers a game format for owners of the Bored Ape NFT. It was designed in collaboration with Animoca Brands and is being supported by the Ape Coin platform.

Yugalabs invited the board of the Bored Ape Yacht Club to participate in its Metaverse project the day after the digital currency symbol APE was discovered. This initiative was highly praised by board members, particularly since Otherside was introduced the next day.

Bored Ape’s upcoming Metaverse is anticipated to be dominated by the Ape coin cryptocurrency- currently traded on the largest exchanges around the world- which is expected to play a significant role in the future.

There is a trailer for this Metaverse project that depicts the main character of the NFT series Bored Ape fishing while playing a song with references to Otherside in the background.

When a monkey approaches a bottle from a tree, the writing on the bottle appears to say “drink,” however when the monkey lifts the bottle, the writing extends to its full length, stating “don’t drink.”

As shown in the following video, the Bored Ape ecosystem has been transformed into the Otherside ecosystem. The game’s hero smokes a cigarette after a quick flight over the Otherside Universe.

In the trailer, a variety of NFT board characters are featured, including Bored Ape, CryptoPunks, Mutant Apes, Cool Cats, The Meebits, and World of Women and Nuns.

In addition to references to Lewis Carroll’s Alice in Wonderland, we also find a lot of details about the Otherside Metaverse. Ultimately, each player will build their desired field using these details.

Through the Metaverse Bored Ape, Yuga Labs is allowing crypto enthusiasts to explore the phenomenal world of NFT through a role-playing game. Another way to say this is that Yuga Labs is inviting crypto enthusiasts to take part in the NFT revolution at this very moment.

What do we know about the Metaverse Bored Ape?

Bored Ape

Even though Metaverse Otherside has not yet been officially announced, a leaked slideshow published recently has obtained quite a bit of information that has not been publicly disclosed. However, most of what was revealed are likely true.

Aside from the Ape coin serving as the currency in the game, Bored Ape also expects to sell land tokens as part of the revenue generated by Otherside. The Ape coin digital currency serves as one of the most important defining elements of the project.

The addition of NFT terrain and avatars to the Ape Coins Metaverse Bored Ape will make it easier for you to purchase the land outright thanks to customized terrains and avatars.

Bored Ape appears to be considering this project to accommodate the Bored Ape Yacht Club (BAYC) and attract members who cannot afford the BAYC membership. According to NFT enthusiasts, membership in the BAYC costs approximately $300,000.

Valid names in Otherside Metaverse

This partnership between Bored Ape and Animoca Brands may result in the first-ever integration of the Sandbox into the Otherside project. The Sandbox was originally published by Pixowl Studio on May 15, 2012, but was acquired by Animoca Brands in 2018 and renamed The Sandbox, a 3D crypto-based game world.

The Sandbox project has another unique aspect. It is able to sell virtual lands to players and has also been promoted to celebrities like Snoop Dogg and Richie Hawtin. All of these things eventually led to the creation of the Metaverse Sandbox, which is in its initial stages. We note that a gamer paid $449,766 to be Snoop Dogg’s virtual neighbor.

Is there a chance that the Bored Ape ecosystem can use this advertising method to market their products as well? It is quite likely, remember Justin Bieber purchased the Crying Monkey NFT for $1,3 million!

Besides Jimmy Fallon and Paris Hilton, Eminem, Mark Cuban, Shaquille O’Neal, and others, Elon Musk has also reportedly owned a collection of Bored Ape NFT tokens despite having been highly critical of the token before its launch.

Buying land in Metaverse Otherside

buying land in Otherside Project

Yuga Labs invested $317 million in Otherside before it was launched on May 10th, 1401. Within three hours of the launch, there were 55,000 salable plots available. Within three hours of the launch, each plot was sold for 305 AEP tokens, bringing Yuga Labs 317 million in revenue.

It is estimated that over 27,000 people have acquired Metaverse lands by purchasing NFTs, which are non-fungible currencies in support of the Ethereum blockchain technology.

Otherside is planning 100,000 plots, 45,000 of which will be airdropped to BAYC and MAYC holders; these people will receive land for free in exchange for their membership fee. They do not have to verify their wallets or authenticate them, and the land will become theirs 21 days after it has been sold.

It is important for land owners on Otherside to recognize that they can make a substantial profit from selling the land and profits from the items that this land provides, such as natural resources and even Kuda, which are highly valuable and unique.

As reported by the Kodas, Bored Apes have been brought into the Otherside, and they have been given 10% of the available lands so that anyone purchasing them, whether in the short or long term, will be able to sell them separately in the future.

Rules of participation in Metaverse Otherside

Here are some guidelines for participating in the land auction at Otherside:

Participants must complete KYC authentication in order to participate in the auction. To complete KYC, participants must sign up on “somethingbrewing.xyz” for KYC. Only those with KYC approval are eligible to participate in the auction.

This is a crypto phenomenon run by Ape coin that entails paying through APE tokens, but it also involves charging a gas fee to transmit some Ethereum tokens. This is due to the fact that the coins must be transferred to the Ethereum address that is associated with the wallet so that permanent ownership can be established.

To prevent your Ape coins from being lost in the future, your wallet is set to lock the Ape coins for one year. After you register your wallet, the smart contracts will make use of your APEcoins to mint in the future when selling. The concept of minting is the operation of tokenizing NFTS through blockchain platforms to register the ownership of the work.

After 21 days, BAYC or MAYC holders will be able to receive their NFTs for free. These people are not required to verify their wallets to receive their NFTs.

Final Words

Yuga Labs’ Metaverse Otherside project attracted the attention of many users in the Metaverse world. The alliance between NFT collections and the metaverse was a turning point for cryptocurrency.

Players must authenticate before they can buy land in Otherside after NFT purchases are made. Once the land has been minted, the land will be available for purchase.

There are still a limited number of plots that will be held by YuGalbs’ NFT Bored Ape Yacht Club and Mutant IP Yacht Club. To receive these plots, you will need to pay Ethereum to the owners of such plots in order to receive them.

Author

Vahid