Yuga Labs is making news once again with the unveiling of Otherside, its metaverse featuring several non-fungible token collections (NFT). The game, developed with the studio Animoca Brands, was officially announced on Saturday in a trailer giving us several pieces of information for the sequel.
Yuga Labs presents its metaverse named Otherside
This month of March is certainly the month of Yuga Labs as their announcements are following each other, the latest one brings more details about their metaverse.
On Saturday, the studio shared with us on its Twitter a one and a half minute trailer. This video, with its neat animation visuals and a background of “Break on Through” by The Doors, also tells us the name of the game. If we had announced MetaRPG at first, it seems that it is rather Otherside which was retained.
Thus, the metaverse of Yuga Labs is scheduled for April. And if until then, we were not sure about the elements present in the universe, the announcement answers our questions.
The video begins with the same visual codes that were originally discovered on the Bored Ape Yatch Club (BAYC) website and YouTube channel. It shows an Ape fishing in front of a bar with the franchise’s name on it, which then catches a potion that he rushes to drink.
This has the effect of transporting him to the Otherside where he meets characters from different collections of non-fungible tokens (NFT):
- SharkDAO / Nouns;
- MeebitsDAO ;
- World of Women ;
- Mutant Ape Yatch Club (MAYC);
A boon for the NFT market
Although it has not been explicitly confirmed yet, all these appearances in the trailer strongly suggest that Otherside will be a Play 2 Earn involving the use of NFTs belonging to the different universes previously mentioned.
It is also interesting to note that the announcement has significantly benefited the secondary market. Indeed, if since the end of January the NFT sector was enduring a drop in activity, the volume of the collections concerned has experienced a revival.
We can for example illustrate the phenomenon with CrypToadz which shows the most striking evolution. The latter recorded a low point on March 9 with an average price of 1.89 ETH per NFT for a volume of 12 sales over 24 hours. On Saturday, the day of the Yuga Labs announcement, the volume reached a peak of 581 sales for an average price of 3.95 ETH.
For their part, BAYC and MAYC also confirmed the trend that had taken shape after the ApeCoin (APE) token was unveiled. Indeed, community members with an Ape were eligible for an airdrop.
While waiting for more information on this universe, it is already possible to register at somethingisbrewing.xyz and to perform its Know Your Customer (KYC) verification. This acts at the same time, the speculations about the collaboration with the game studio NFTs Animoca Brands. Indeed, this one, in preparation since 7 months, concerns this new project.