Morning Minute | Preparing for the Second Trip
GM!
TylerD is on vacation this week, but the Lucky Trader team is filling in to keep you informed. Logan here to catch you up on all the latest news in web3 and crypto today.
Today's top stories include:
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Preparing for the Otherside's Second Trip
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$ARB Update
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🌐 Preparing for the Second Trip
The Otherside Metaverse's "Second Trip" will take place tomorrow at noon ET, offering a broader range of players an opportunity to experience the metaverse for approximately 90 minutes. Below, I'll walk through some of the key details, recap the First Trip, and preview what users can expect when the Second Trip opens tomorrow.
🕵️ The Key Details
Not everyone can just hop around the Otherside. Be prepared if you want to take your turn.
- Who: Otherdeeds NFT holders or those with guest codes. Each Otherdeed holder can generate one guest code.
- Where: Official link to be provided by Yuga Labs on launch day (tomorrow, Saturday, Mar. 25) via Second Trip blog post and Discord.
- When: The Second Trip will offiially start at noon ET, but the Infinity Space (the game lobby), will open at 11:30 a.m. ET. And don't be late!
The First Trip
It's been almost a year since the Otherside Metaverse hosted its "First Trip," a test-drive of the unfolding metaverse for Otherdeeds NFT holders. At the time, approximately 4,500 Otherdeed holders were able to concurrently explore Yuga Labs' creation, running around the Biogenic Swamp chasing a Koda and more. An official recap of the event can be found here, and a quick search will showcase a bevy of streams from those participating.
In large part, the event was seen as a massive success with many showing their support on Twitter.
The Second Trip
Fast forward one year, and things have generally been quiet for the Otherside Metaverse. Sure, there have been a handful of teasers as the Otherside is in the process of "Waking Up," but until the Second Trip, nothing has been actionable for Otherdeeds holders.
Now though Otherdeed holders will have an opportunity to explore the Otherside once more, this time with more lands, new features, and some...teammates and maybe some friends.
Teammates
Yesterday Yuga Labs announced four notable captains that will guide users through an objective once in the Otherside.
Players will be broken into four separate teams, led by Jimmy Wong, Brycent, Lowbellie, and Champ Medici.
No official details of the competition or objective have been released yet, but it's understood that users will need to be able to work together with their captains if they wish to win.
Win or lose, all those that participate will be eligible for the Obelisk First Trip "badge," a metadata property that will be updated at the conclusion of the event. Those who already received the piece will see no change on their Otherdeed.
Friends
In addition to teammates, holders of Otherdeeds can generate one guest code for a friend upon launch. Code generation starts when the Infinity Space (the lobby) opens at 11:30 a.m. ET, allowing holders to generate a one-time use, 16-digit code for a guest. Previously, some complains have been made about the barrier to entry for the Otherside Metaverse, and while the floor price (the price to entry) has dropped dramatically, guest codes offer those without a high-priced NFT an opportunity to explore the Otherside.
Otherdeed holders can bring their friends along for the ride, all they need is a web3 wallet.
Whether your friends like it or not, we'll be recapping the event more next week.
Some final footnotes:
- While the Second Trip can handle more than the 5,000 particpants of the First Trip last year, holding an Otherdeed NFT does not guarantee access to the event. Yuga Labs did not specify exactly how many users will be granted access and there is no public load test prior to the start of the event. Users will be allowed entrance on a first-come, first-served basis based on their regional location.
- Otherdeed NFT holders can only join once and only have approximately five minutes to re-join if they are disconnected at any point during the event.
- Be on time! No one will be allowed into the Second Trip after the event starts.
- Guest codes can only be redeemed once.
- Not all geographic regions are supported.
$ARB Update
Incredible demand put a damper on initial Arbitrum token claims, keeping many without their tokens for at least an hour after the expected launch.
Nevertheless, claims are on the rise and the major volatility appears to have subsided. Find the CoinGecko chart from the last 24 hours below.
There is definite risk to trying to rush out tokens (if you had them) in the initial volatility. Hasty actions or inexperienced users can fall prey to major slippage on DEXs, but for those few who were able to offload tokens in the $8 range, congratulations. Previous airdrops have behaved with a similar initial volatility, some stability and then a spike up in the 24-48 hours after. Will $ARB join the party?
Don't fret if you have been unable to claim your tokens at this time. Eligible addresses have approximately five months to claim.
🔄 NFT Round Up
Here is the list of the other major headlines in NFTs from Thursday.
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Pindar Van Arman's byteGANS are beginning to mutate inside The Crucible (previously named, le Crucible).
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The Plague is pushing back its contract migration, originally scheduled for today.
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Kanpai Pandas made a major ecosystem announcement, unveiling Panda Points, PPDEX, the Kanpai Casino and more. The PPDEX, Lab, and Casino are set to launch on Mar. 30.
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FVCKRENDER and The Weeknd? The popular digital artist teased a potential collaboration in a tweet this week.
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Axie Infinity upgraded its marketplace, and now allows offers.
🌎 Around Crypto and Web3
A few other Crypto and Web3 headlines that caught our eye:
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The crypto market was up slightly overall in the last 24 hours, with BTC +1.2% at $28,144, ETH +1.5% at $1,792, APE flat at $4.11 and BLUR down 8% to $0.55 , and ARB at $1.49 down 70% from the first recognized CoinGecko price.
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Grease Monkey Games, an Animoca Brands subsidiary, is partnering with Konig on interoperable wheel NFTs.
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Do Kwon, co-founder of Terraform Labs, was reportedly arrested in Montenegro.
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The SEC issued a warning to investors about cryptocurrencies, asking users to "exercise caution with crypto."
🚀 NFT Total Volume
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Wrapped CryptoPunks (3,670 ETH, 60.44 ETH Floor)
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Bored Ape Yacht Club (2,207 ETH, 58 ETH)
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MAYC (1,784 ETH, 12.05 ETH)
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Otherdeed for Otherside (1,773 ETH, 1.51 ETH)
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Pudgy Penguins (701 ETH, 4.48 ETH)
📈 NFT Floor Price Increase
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SlimHoods (47%, 0.14 ETH Floor)
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Nouns (14%, 32 ETH)
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Inhabitants: Generative Identities (9%, 0.64 ETH)
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Notable Pepes (7%, 0.01 ETH)
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Genuine Undead (7%, 0.21 ETH)
📉 NFT Floor Price Decrease
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The Art Pass by Iconic Moments (-37%, 0.40 ETH Floor)
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Mocaverse (-19%, 0.73 ETH)
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SEIZON (-14%, 0.16 ETH)
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Mutant Hound Collars (-6%, 0.39 ETH)
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Otherdeeds (-6%, 1.51 ETH)
🗓 Upcoming NFT Mints and Reveals
Another slow day for drops, but there are a few on the docket:
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Now Pass, a collection of 2,750 access pass NFTs, drops at 9:00 a.m. ET. The remaining pieces are available for public mint, but users should proceed with caution after it was noted that a contractual issue makes it impossible to see transfers on third-party exchanges.
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Star Racers at 11:00 a.m. ET features 2,500 NFTs at 0.04 ETH. Star Racers features hoverbike NFTs on the Arbitrum blockchain.
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Antisocial by Perry Cooper, is a three separate animated NFTs being raffled on Makers Place.
Learn more about today’s drops here.
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Enjoy this write-up? Follow along with me on Twitter @lhitch09 or reach out via email logan@luckytrader.com.
For all volume and floor price data, see Lucky Trader's Project Rankings page.
For all upcoming mints, see Lucky Trader's Project Schedule page.
