Yuga Labs, the founder of the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection, and as of recently the native token ApeCoin (APE), took to Twitter to showcase the very first teaser of the launch of the newest metaverse dubbed the Otherside which users can expect to see in April 2022.
In the trailer, a Bored Ape is fishing in a swamp and discovers a potion. The trailer lasts for a total of 90 seconds. The Bored Ape then chugs down the potion which causes a volcanic eruption and the Bored Ape is taken away in the Otherside, an alternate world.
— Yuga Labs (@yugalabs) March 19, 2022
Many classic NFTs can be seen traveling on a future submarine/spaceship towards the ending of this teaser. The following NFT collections are showcased in Yuga Labs’ Otherside ad: CryptoPunks, Cool Cats, CrypToadz, Meebits, Mutant Ape Yacht Club, Nouns, and World of Women.
The teaser did not include any in-game showcasing of the Otherside metaverse. While the tweet said that the Otherside metaverse will be powered by @ApeCoin, the creators did not disclose whether the metaverse will enable playing for its users.
Animoca Brands assisting Yuga Labs with the development of their future metaverse is not exactly an unknown fact. Yat Siu, the co-founder of Animoca Brands, is an ApeCoin (APE) Foundation member.
Otherside is rumored to be integrating with The Sandbox metaverse, which is owned by Animoca Brands. Yuga Labs and Animoca Brands, on the other hand, have to disclose the details on the functionality of the Otherside metaverse. Since the ad went live on Twitter, a total of 1 million views and 32,000 likes have ensued as a result.
Though the moniker might give people ideas, the last weeks have been anything but boring as far as Bored Ape Yacht Club (BAYC) is concerned. ApeCoin (APE) was launched last week, and it is listed on all the prominent cryptocurrency exchanges, such as Binance, Gemini, Coinbase, and Crypto.com.
This new ERC-20 token, as per Yuga Labs, will be critical in the future of the economy of Bored Ape. In the BAYC/Otherside metaverse, anybody with ApeCoin (APE) tokens can partake in the ApeCoin (APE) DAO or have the option of buying in-game experiences and items.
Yuga Labs gained attention in the week prior to announcing the ApeCoin (APE) launch. The creator of BAYC struck a deal with Larva Labs, the founder of CryptoPunks. At the time being, the intellectual property rights to CryptoPunks and Meebits NFT collections are owned by Yuga Labs, and according to experts, the total worth of Yuga Labs may very well be $5 billion with these NFT collections under the umbrella of Yuga Labs.
Yuga Labs’ NFTs have officially reached all-time highs as a result of these remarkable advancements. The Bored Ape Yacht Club (BAYC) is now the most popular collection on OpenSea, with a starting price of 101 Ethereum (ETH) which is equivalent to roughly $300,000.