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Yuga Labs drops Otherside Litepaper – Document covers ‘basic principles’ of Metaverse platform – Bitcoin News
Following the introduction of the Otherside meta-verse and the launch of apecoin (APE), Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC), published non-fungible tokens (NFT), Othersides little paper. The team says that “the document serves as a startup guide for the other side, [and] it covers the basic principles of the platform, the developers’ capabilities and opportunities for community building. “
Otherside Litepaper Says Platform is a world-building platform that provides an exciting environment to play
- BAYC creators Yuga Labs via Othersidemeta The Twitter account released the BAYC- and NFT-based metaverse little paper on July 16, 2022. “If you’re already hungry for more Otherside, we’ve released a little paper,” the team twitret.
- Essentially, Otherside is a Bored Ape Yacht Club-powered metaverse or blockchain virtual world consisting of 200,000 plots of virtual land. Like other metaverse countries from projects such as Decentraland and The Sandbox, “Otherdeeds” non-fungible tokens (NFTs) are bought and sold on the open market.
- Seven-day statistics collected from cryptoslam.io indicates that Otherdeed NFT sales are the third largest in terms of weekly NFT sales from specific collections. Last week, Otherdeed sales had $ 8,540,410 in volume, which is up 28.67% higher than the week before.
- The Otherside Litepaper Website provides a complete summary of the metaverse and the possibilities and opportunities it can offer. “In the future, we look forward to seeing what new experiences and games our society can create to expand the possibilities of the metaverse,” explains Yuga Labs.
- “[The] Otherside is a world-building platform that provides an exciting environment to play, create, compete, connect and explore together, says the website. “To begin with, users will experience Otherside through a narrative gaming experience (aka The Voyagers Journey) developed by Yuga Labs and Improbable and based on the technology from M².”
- “This document serves as a start-up guide for the other side. It covers basic principles of the platform, developers’ capabilities and opportunities for community building,” Twitter account Othersidemeta so in his Twitter thread Saturday.
- The Otherside metaverse land adventure begins with Phase 1, and all Voyagers are invited to join an “11-part story about a mysterious obelisk that has appeared in the Otherside universe.”
- Meanwhile, apecoin (APE), the crypto asset that will be used in the Otherside metaverse, has increased by 48.2% over the past month, and performed better than most cryptocurrencies in recent times. While the APE jumped 10.6% in the last two weeks, 9.7% of these gains came in the last 24 hours of trading.
- Other metaverse participants participated in “First Trip” on Saturday, which was one of several trips Voyagers can participate in. “Each subsequent trip will take place on a different date to accommodate as many Voyagers as possible,” the litepaper website adds. “Specific date and time details will always be announced on our official social media accounts.”
What do you think about Yuga Labs releasing the Otherside lite newspaper on Saturday? Let us know your thoughts on this topic in the comments section below.
Photo credit: Shutterstock, Pixabay, Wiki Commons, Otherside small paper site,
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