BitcoinWorld

Crypto News

Yuga Labs’ Otherside Metaverse to Launch Second Trip on March 25

BAYC

Yuga Labs, the parent firm of Bored Ape Yacht Club, released fresh information on Wednesday on the second test of their gamified Otherside metaverse platform.

The “second journey,” as described by the firm, is scheduled for March 25 and will feature a two-hour narrative experience lead by four Otherside team captains. Owners of Otherdeed non-fungible tokens (NFTs), which are tied to real estate in the as-yet-unreleased Otherside metaverse, are eligible for the second journey.

Each bearer, known as a “voyager,” will have the option of inviting a visitor to share the experience with them. According to the firm, the huge live experience would accommodate up to 10,000 voyagers on a first-come-first-serve basis. On the company’s YouTube account, a live feed of the event will also be available for non-holders to view.

Around 4,600 people attended Yuga Labs’ “first trip” in July 2022, which caused the Ethereum network to be very congested. Voyagers who participated in the first voyage and are on the second trip will be qualified to receive a special Obelisk Piece connected to the overall Otherside story.

Wylie Aronow and Greg Solano, co-founders of Yuga Labs, stated to CoinDesk in December that the business sees The Otherside as the meeting point of all the initiatives covered by its brand.

 In April 2022, the business first hinted at its metaverse aspirations, describing it as a platform where users could purchase land and transform their current NFTs into playable characters. 55,000 Otherdeed NFTs connected to virtual land ownership were first sold by Yuga Labs, generating around $320 million in primary sales.

The total sales of Otherdeed NFTs to yet have been 524,130 ETH, or around $806 million, according to OpenSea. At the time of publication, 1.9 ETH, or about $2,920, serves as the floor price for an Otherdeed NFT.

Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.