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Welcome to our Otherside NFT Video!
Slowly but surely, the Bored Ape Yacht Club (BAYC) is getting bigger. Massively so. New and exciting happenings are being announced on a near-monthly basis. And now Yuga Labs — the company behind BAYC — has started down the path to create their massive metaverse endeavor. It’s a new project called Otherside.
The Otherside project was initially announced in March 2022. Subsequent speculation and a deluge of unconfirmed information in circulation made the actual details of the project fuzzy at best. This isn’t too surprising, given the scale of the project. While some may have thought Otherside was just another expansion to the existing BAYC NFTs, it isn’t at all comparable to secondary collections like the Bored Ape Kennel Club.
This new endeavor is a whole new ballgame.
And even though its launch was riddled with hiccups and rather poorly received throughout the greater NFT community, it looks like Otherside is here to stay. With this in mind, here’s everything you need to know.
What is the Otherside project from Yuga Labs?
Otherside is the largest expansion of the Bored Ape NFT universe we’ve ever seen. The NFT space first got a first glimpse into what Yuga Labs was trying to build with Otherside from their leaked 2022 pitch deck. In the deck, the company expressed a desire to “build something that expands the universe of the BAYC, but also invites the larger NFT community (and those priced out of BAYC membership) to join.”
Some of Yuga Labs’ founders originally rejected the contents of the deck. They posted in Discord, claiming that the deck was, “an old, outdated pitch deck and hilariously a version that neither Gordon nor I ever saw.” However, it seems this is actually exactly what the company is hoping to do with this project. After a tweak to their messaging, the Otherside website stated that the project is literally aimed at building a new universe. Specifically, in the metaverse.
The Otherside project is ultimately an MMORPG (Massively Multiplayer Online Role-Playing Game) connected to the BAYC ecosystem. Wondering how the Otherside world and BAYC NFTs fit together? You’re not alone.
The team notes that the game will blend mechanics from MMORPGs and Web3-enabled virtual worlds. Specifically, players own the land in the world, NFTs can be transformed into playable characters, and more than 10,000 people will be able to play together simultaneously.
Otherside will be its own metaverse that will offer an interoperable experience, meaning users will be able to move between metaverses. The project also includes prominent NFT collections like Cool Cats, World of Women, CrypToadz, and more. In this respect, this metaverse will be a sort of open-world game, one where collectors can own land and interact with different ecosystems and the unique beings that inhabit them.
I hope you found value in our Otherside NFT video. Make sure to leave a like on the video if you gained value from it!
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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
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⏰TimeStamps⏰
0:00 intro
0:29 otherside
8:52 Summary
