The Bored Ape Yacht Club NFT’s environment is expanding. Last month, ApeCoin, an Ethereum token meant to power Web3 applications, was created, and now it’s Otherside.
What is the Otherside, exactly? It’s a metaverse game environment that will bring together a variety of NFT initiatives, such as the Apes, CryptoPunks, Meebits, Cool Cats, and others. The experience is being developed by Yuga Labs, the creators of Bored Ape, in collaboration with Animoca Brands, the publisher of NFT games.
On Saturday, Yuga Labs issued “Otherdeed” NFTs for the game, which are assumed to represent a deed to some kind of virtual land in the metaverse game, similar to NFTs for The Sandbox and Decentraland. Otherdeeds has been sold to the general public as well as offered to existing owners of Bored Apes and Mutant Apes.
What precisely are Otherdeeds?
Otherdeeds are NFTs for Otherside, a new metaverse game revealed recently by Yuga Labs. Bored Apes and Mutant Apes feature in a teaser trailer with CryptoPunks and Meebits (both of which Yuga Labs just acquired), as well as other notable NFT collections such as Cool Cats, World of Women, Nouns, and CrypToadz.
Although many NFT collectors believe an Otherdeed would work as a property to virtual land in the game world, this has yet to be proven. A leaked investment presentation deck that Yuga Labs co-founder Garga said was real (but “outdated”) goes into great detail regarding the company’s metaverse and virtual land goals.
According to the deck, there are 200,000 total land plots divided throughout many drops/sales, with 10,000 alien “Koda” creatures distributed randomly among them.
