Yuga Labs Drops Otherside Litepaper — Document Covers the ‘Foundational Principles’ of the Metaverse Platform – Bitcoin News

Following the introduction of the Otherside metaverse and the apecoin (APE) launch, Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs), published the Otherside’s litepaper. The team says the “document serves as a starter guide for the Otherside, [and] it covers foundational principles of the platform, capabilities of its developers, and possibilities for community co-creation.”

Other than Litepaper, Platform is a World-Building Platform that Provides an Exciting Space to Play

  • Yuga Labs, creators of BAYC via the OthersidemetaThe Twitter account published the metaverse litepaper BAYC- and NFT-based on July 16, 2022. “If you’re already hungry for more Otherside, we’ve released a litepaper,” the team tweeted.
  • The Otherside is basically a Bored Ape Yacht Club-fueled virtual universe or blockchain world made up of approximately 200,000 virtual land plots. Similar to other metaverse lands from projects like Decentraland and The Sandbox, non-fungible tokens (NFTs) “Otherdeeds” are bought and sold on the open market.
Yuga Labs Drops Otherside Litepaper — Document Covers the 'Foundational Principles' of the Metaverse Platform
Image from the Otherside litepaper’s web portal.
  • From 7 days of statistics cryptoslam.ioAccording to data, Otherdeed NFT sales rank third for weekly NFT sale from particular collections. The volume of Otherdeed’s sales this week was $8,540,000.410, an increase of 28.67% over the previous week.
  • It Apart from Litepaper, there are many other websites.The metaverse provides a complete overview and outlines the potential and possible opportunities. “In the future, we look forward to seeing what new experiences and games our community can create to expand the possibilities of the metaverse,” Yuga Labs explains.
  • “[The] Otherside is a world-building platform that provides an exciting environment to play, create, compete, connect, and explore together,” the website details. “Initially, users will experience Otherside through a narrative gameplay experience (aka The Voyager’s Journey) co-developed by Yuga Labs and Improbable and based on the technology from M².”
  • “This document serves as a starter guide for the Otherside. It covers foundational principles of the platform, capabilities of its developers, and possibilities for community co-creation,” the Othersidemeta Twitter account saidIts Twitter stream was live on Saturday.
  • The Otherside metaverse land adventure will start with Phase 1, and all Voyagers are invited to join in on an “11-part storyline surrounding a mysterious Obelisk that has appeared in the Otherside universe.”
  • Meanwhile, the value of apecoin or APE (the crypto currency that will be used to create the Otherside metaverse) has increased by 48.2% over the past month. It is outperforming many other cryptocurrency assets. APE rose 10.6% over the past 2 weeks. However, 9.7% were gained during the 24 hour trading period.
  • Otherside metaverse participants engaged in the “First Trip” on Saturday, which was one of several trips Voyagers can partake in. “Each subsequent Trip will take place on a different date in order to accommodate as many Voyagers as possible,” the litepaper website adds. “Specific details on date and time will always be announced on our official social media accounts.”
In this story, tags
APE, APE Trading, Apecoin gains, BAYC Bored Ape yacht Club, litepaper M2, nft. NFTs Non-fungible Tokens Otherside, Otherside Land Otherside litepaper Otherside metaverse Otherside Plots Othersidemeta Twitter Account, Yuga Labs Yuga Labs BAYC

How do you feel about Yuga Labs’ Saturday release of the Otherside paper? Comment below to share your thoughts.

Jamie Redman

Jamie Redman is the News Lead for Bitcoin.com News. He also lives in Florida and works as a journalist covering financial technology. Redman is an active participant in the cryptocurrency community from 2011. Since 2011, Redman has been an active member of the cryptocurrency community. Redman has contributed more than 5700 articles to Bitcoin.com News since September 2015. These articles are about disruptive protocols that are emerging.




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