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Otherside Metaverse by Yuga Labs: The Bored Ape Yacht Club Metaverse Platform
Otherside Metaverse is the latest project from Yuga Labs, the creators of the popular non-fungible token (NFT) collection Bored Ape Yacht Club. Otherside is a metaverse platform that utilizes the power of blockchain technology. This virtual world platform, is one of many metaverse platforms in the market, but it stands out for its unique approach to digital communities and ownership opportunities. In this article, we will take an in-depth look at Otherside, how it works and what makes it different from other metaverse platforms.
What is Bored Ape Yacht Club?
Bored Ape Yacht Club (BAYC) is a collection of 10,000 ape-themed NFTs with unique traits and characteristics. Created by Yuga Labs, BAYC has grown over time into one of the most recognizable and valued NFT collections to exist in the crypto space since it launched in April 2021. With a value in the billions of dollars, the BAYC collection has become one of the most sought-after NFTs in the market.
Yuga Labs is leveraging its success with BAYC to create a metaverse platform, Otherside. The metaverse is a persistent, immersive virtual world, in which participants interact using avatars. Otherside is different from video game experiences in that its structure won’t be linear, and players will be able to explore immersive virtual worlds freely and of their own accord.
How will Otherside work?
Otherside will revolve around digital communities and ownership opportunities afforded by blockchain technology.In addition, there will be digital plots of land and a native currency, ApeCoin, which has been adopted by Otherside for its economy and ecosystem. The platform is being built in collaboration with metaverse technology company Improbable and Animoca Brands, a development company specializing in Web3 technology for entertainment and video games which owns The Sandbox, another metaverse platform.
Players will be able to interact with each other simultaneously in Otherside, using M² (MSquared), a network developed specifically for large-scale metaverse projects by Improbable. The technology will also facilitate a natural voice chat that can enable thousands of players to chat at once, according to Otherside’s website. The M² platform also has game streaming functionality built into it, meaning that users won’t need high-end computers to join Otherside from web browsers and mobile devices in supported regions.
Otherside by Yuga Labs is an exciting new metaverse platform that utilizes the power of blockchain technology to provide digital communities and ownership opportunities. With its unique approach and collaboration with top technology companies, Otherside is poised to become one of the most popular metaverse platforms in the market. The BAYC reputation and value in the NFT market, makes it an interesting approach to explore the metaverse world. The launch date is expected to be a hit among the NFT and metaverse enthusiasts.