Yuga Labs provided a long-awaited update on its Otherside Metaverse on Wednesday.
The Deets
- Foundation Building: Focus on setting up Otherside accounts, optimizing environments, and enhancing avatars for better interaction.
- Rapid Release & Iteration: Quick feature releases to gather user feedback and refine the platform.
- Upcoming Events: Introduction of Apes Come Home experience and work on Meebits 1.3 for Spring.
- Kodas and Community: Development of the unique Koda collection and plans for engaging other collections in Otherside.
The Bulk
Otherside, the metaverse initiative led by Eric Reid, has made significant strides in its development over the past six months, focusing on foundational work and preparing for rapid iteration and release of new features. The platform aims to provide a unified account and identity for users, facilitating access to NFTs, wallets, and a range of interactive experiences. With an emphasis on quality and scalability, Otherside is optimizing its virtual environments and avatars to meet AAA game standards, setting a new benchmark for metaverse experiences.
Soon it will host its Apes Come Home experience marking a milestone in the Otherside's journey, allowing 10,000 Ape holders to engage with their NFTs in a dynamic, shared space for the first time. This event, alongside the anticipation for Meebits 1.3, will be the first showcases of Otherside's efforts to serve as a platform for content creators, communities, and brands to come together and share their creativity.
📊 By the Numbers
The Otherdeed floor price is up 6% in the last 24 hours to 0.39 ETH.
🎤 Founder Feedback
Amidst leadership changes at Yuga, I remain entirely committed to building Otherside more than ever. Over the past years, I have spent thousands of day and night hours obsessing over every iteration of building a metaverse that truly serves communities and creators. It’s been and remains my passion as well as obsession.Eric Reid, General Manager, Otherside
🔜 What's Next?
Apes Come Home will launch next Thursday, Feb. 29.
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Greg Solano, also known as CryptoGarga, is stepping back in as CEO of Yuga Labs with a promise of a cryptonative future and immediate action across its ecosystem.
The Deets
- Garga "reinvigorated" to regain CEO role.
- BAYC LLC Formation: A new subsidiary to empower the Bored Ape Yacht Club with more autonomy.
- Otherside Vision: Aiming to become web3's living room, with a commitment to enhanced community engagement.
- Gaming Strategy: A dual approach focusing on fun and cryptonative mechanics for broader ecosystem growth.
- Community Engagement: Plans to increase interaction and communication with the community.
The Bulk
CryptoGarga, co-founder of Yuga Labs, announced his return as CEO in a move that signals a strategic pivot towards a more cryptonative focus for the company.
Garga provided immediate next steps and action items for all of the major Yuga Labse ecosystem items, starting with its flagship, Bored Ape Yacht Club.
First and foremost, he announced the establishment of the BAYC LLC as a subsidiary to Yuga Labs. The LLC aims to grant the BAYC team the autonomy needed to foster creativity and rapid execution of its vision. This structural change is designed to leverage the BAYC's community-driven success to new heights.
In parallel, the Otherside project is depicted as the future "living room of web3," a space for community gathering and engagement across various web3 ecosystems. Solano's vision for Otherside involves a deeply interactive development process, with increased communication and community input at its core.
The gaming strategy outlined by Solano emphasizes a "barbell approach," balancing mass-market appeal with cryptonative mechanics. Initiatives like Dookey Dash are highlighted as examples of engaging gameplay that can attract a wide audience, while undisclosed projects promise to deepen the cryptonative aspect of Yuga's gaming ventures.
🎤 Founder Feedback
We want to unshackle the BAYC team at Yuga as much as possible to execute against its vision. More focus, more agility. So it can do the above, and create the space for the magic and crazy shit we used to get up to more often.CryptoGarga, CEO of Yuga Labs on BAYC
❗Why It Matters
After lots of negative sentiment following the PROOF acquisition last week, Yuga Labs regains good community favor pushing back to its roots and shedding a bit of the "corporate" cloud that has shrouded the company in the last few years.
🔜 What's Next?
With increased communication and a clear action plan, the future under CryptoGarga's leadership promises much more from Yuga Labs' portfolio.
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Bored Ape Yacht Club announced major website revamp and a unique token-gated survey for direct community feedback in its "return to basics."
The Deets
- Fresh Look: Introduction of the revamped Bored Ape Yacht Club website
- Community Voice: A token-gated survey in partnership with BlockSurvey.
- Security First: Emphasis on not connecting cold wallets for safety
The Bulk
Bored Ape Yacht Club (BAYC) is refreshing its digital presence with a significant website overhaul. Recognizing the need to stay current and interactive, the club has introduced a revamped website with a new digital hub that allows apes to undertake a delegation process, enhancing the sense of community and ownershi while staying secure.
Additionally, BAYC launched a unique initiative to gather direct feedback from its members. The project partnered with BlockSurvey to conduct a token-gated survey.
Two last initiatives indicate that new Bored Ape holders will soon be added to the BAYC Community Council, the Yacht Club will soon be able to travel back into the sewers for a reprise of Dookey Dash.
This time though, Dookey Dash will be open to any and all players, with exclusive rewards open to Yuga Labs' asset holders.
📊 By the Numbers
While the market is currently shining on Pudgy Penguins, the Bored Ape Yacht Club floor is up 8.76% in the last seven days to 24.68 ETH.
🔜 What's Next?
With Dookey Dash Unclogged around the corner, users can sign up for early access here.
For more web3 and NFT news, visit the Lucky Trader newsfeed.
Legends of the Mara introduced Kodamara Fusion, a new feature allowing players to evolve their Mara using unique Creation Season Catalysts.
The Deets
- Fusion Process: Evolve Maras by consuming Catalysts, altering both appearance and abilities.
- Creation Season Catalysts: Six types to be introduced as rewards in Season 2.
- Trait Variability: Catalysts influence Kodamara’s appearance, with random unique combinations.
- Stat and Skill Impact: Mara’s tier and role affect the in-game attributes of the evolved Kodamara.
The Bulk
In the immersive world of Legends of the Mara, a new feature is set to debut: Kodamara Fusion. This process allows players, referred to as Voyagers, to evolve their Mara creatures using a variety of Catalysts introduced in the game's second season.
These Catalysts, known as Creation Season Catalysts, come in six distinct types. Each type not only imparts unique visual traits to the Kodamara but also contributes to a random and unique combination of these traits, making every evolved Mara distinct. The process of Fusion is irreversible, adding a layer of strategy and consideration to each player's decision.
Furthermore, a Mara’s tier and role significantly influence the in-game stats and skills of the evolved Kodamara. This ties in with the game's strategic elements, where choosing the right Mara to evolve can have a profound impact on gameplay. Additionally, players can look forward to using Sediment Fragments, a future feature, to further enhance their Kodamaras.
🎤 Community Quotes
Creation Season Catalysts will be added as Leaderboard Bounty in Season 2 of Legends of the Mara.Yuga Labs Gaming
🔜 What's Next?
With the promise of Sediment Fragments on the horizon, players can anticipate even more depth and customization in their Legends of the Mara experience.
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Legends of the Mara Season 2 launched with new Leaderboard system and refreshed Shattered Loot.
The Deets
- Season 2 began yesterday, bringing significant updates and improvements.
- The revamped Leaderboard focuses on cumulative Shattered damage per Environment Tier.
- Shattered Loot has been refreshed, offering better rewards in chests.
- New Chest Timers and Sediment Fragment replenishments enhance gameplay experience.
The Bulk
Season 2 of Legends of the Mara (LoTM) introduces changes, enhancing the gaming experience for Voyagers. A major overhaul of the Leaderboard system now focuses on the total Shattered damage in each Environment Tier. Players' positions on the Leaderboard will be determined by their cumulative damage, creating a more competitive environment.
The Shattered Loot, a key component of LoTM, has been updated. Players now have a higher chance of receiving better loot in chests. Furthermore, Season 2 introduces different Chest Timers across Environment Tiers, allowing players to earn Master and Intermediate chests more effectively.
In addition to these changes, there's a global replenishment of Sediment Fragments.
📊 By the Numbers
Legends of the Mara has seen a consistent increase in player engagement, with the previous season recording more than 100,000 active players.
🔜 What's Next?
Looking ahead, Season 2 promises further developments, including the introduction of The Friends to assist Oda in the Hunt.
🎬 Take Action
Participants now need to re-assign all Oda to farm Otherdeeds as part of the Season 2 launch.
For more web3 and NFT news, visit the Lucky Trader newsfeed.
Yuga Labs is partnering with Magic Eden to launch a creator-first Ethereum NFT marketplace by year's end.
The Deets
- Ethereum Marketplace: A new platform honoring creator royalties.
- Shared Vision: Strengthening the web3 ecosystem for content creators.
- Creator Royalties: A foundational commitment to the original artists.
- Exclusive Engagements: Yuga Labs to collaborate only with royalty-respecting platforms.
The Bulk
Yuga Labs and Magic Eden, are embarking on a groundbreaking journey. Together, they are crafting a new Ethereum marketplace slated to emerge by the close of the year. This alliance marks the first major Ethereum market endeavor that vows to uphold and honor creator royalties – a covenant reflecting their dedication to the artists powering the web3 wave.
Yuga Labs' decision to exclusively partner with marketplaces that honor this principle is a call for fairness in the creative domain, potentially leading to a broader acceptance of similar practices industry-wide.
❗Why It Matters
This partnership represents a paradigm shift in NFT marketplaces, placing creator rights and royalties at the forefront. Yuga Labs and Magic Eden's stance could set a new industry standard, but it remains to be seen if the bulk of trading liquidity flows to the upcoming marketplace.
🎤 Founder Feedback
This isn't just a marketplace; it's a statement. We stand with creators today and tomorrow, ensuring their ingenuity is recognized and rewarded.Daniel Alegre, CEO of Yuga Labs
🔜 What's Next?
As the year progresses, keep an eye out for more details on this pioneering Ethereum marketplace, set to redefine how creator royalties are handled in the NFT space.
For more web3 and NFT news, visit the Lucky Trader newsfeed.
Yuga Labs and A BATHING APE® unveiled their exclusive BAPE® X BAYC collection, fusing early 2000s streetwear nostalgia with avant-garde fashion.
The Deets
- Limited Collection: Apparel, footwear, and accessories featuring iconic logos and mascots.
- Exclusive Pieces: Special tees for Bored Ape holders and BAPETAVERSE members, classic ABC camo pullovers.
- Remixed Footwear: The BAPE STA™ sneakers reinvented, complete with collectible ice rubber outsoles.
- Token-Gated Drop: The collection releases at ApeFest, then online for BAYC members, and globally in December.
The Bulk
Yuga Labs collaborated with the legendary streetwear brand BAPE® to launch a unique BAPE® X BAYC apparel line. This limited collection is a callback to the days when streetwear was a subculture with exclusive garments that blend the essence of both brands.
The lineup includes a coach's jacket featuring a Bored Ape-inspired design, tees showcasing Curtis the Ape and BABY MILO®, and the quintessential BAPE® ABC camo pullover hoodie.
In addition to the apparel, the collection features BAPE STA™ sneakers, a staple of streetwear's golden age, now revamped with a transparent outsole revealing Curtis. Only 1,000 pairs will be available, each uniquely numbered and accompanied by an additional set of BAPE® X BAYC camo laces, ensuring exclusivity and collectibility.
📊 By the Numbers
Each piece from the collection underscores the exclusivity with limited edition items, such as the 1,000 individually numbered pairs of BAPE STA™ sneakers, amplifying the allure for collectors and fans alike.
🎤 Founder Feedback
This collection is reminiscent of a time where collecting streetwear was about being in the know, ahead of the curveMichael Ghory, VP of Apparel at Yuga Labs
🔜 What's Next?
BAYC members have the first pick at ApeFest, with subsequent releases set for BAPETAVERSE members and a wider global availability planned for December, just in time for the holiday season.
View more NFT and web3 news on the Lucky Trader newsfeed.
Yuga Labs shared more details about its its debut Yacht Club Open House on Nov. 5, 2023, in Kai Tak, Hong Kong.
The Deets
- Open House Aims: Provide insight into BAYC and foster dialogue among web3 industry leaders.
- Ticket Availability: Limited and sold on a first-come, first-served basis.
- Event Agenda: Topics range from the future of web3 gaming to the expansion of artists and museums in the digital space.
The Bulk
On November 5, 2023, Yuga Labs will unveil a unique experience - the Yacht Club Open House.
Directly on the heels of Yuga Labs' exclusive ApeFest 2023, the Open House emerges as a beacon for the broader public. Though the tickets are limited in number, those who snag them will get a front-row view into Yuga Labs' vision for the future immersive internet. The discussions are set to span the potential of gaming in web3 to the instrumental role of IP for brands.
Attendees will get insights from renowned figures like Illa DaProducer, the 12x platinum Grammy-nominated music producer, and Yat Siu, Co-Founder of Animoca Brands. Other notable names include Eric Reid, Michael Figge, and many more from Yuga Labs.
🎤Founder Feedback
The key to web3 is greater adoption and people seeing the benefits it can offer. We're excited to introduce both our community and the crypto-curious to our Open House's unparalleled experience.Daniel Alegre, CEO of Yuga Labs
🎬 Take Action
Open House tickets are for sale now.
For more web3 and NFT news, visit the Lucky Trader newsfeed.
Polygon Labs co-founder Sandeep Nailwal proposed the implementation of a dedicated zk-L2 "ApeChain" to be built in conjunction with Polygon Labs in a formal AIP via the ApeCoin DAO forum.
The Deets
- New Chain, ApeChain: Developed using Polygon CDK, focusing on ease and modularity.
- Collaboration: Involves ecosystem collaboration with Polygon Labs.
- Development Fund: A separate fund from ApeCoin DAO's treasury to fuel the growth of ApeCoin-related projects and ApeChain-associated public services.
- Migration Need: ApeCoin migration to its own chain was anticipated 18 months earlier by Yuga Labs.
The Bulk
Polygon Labs is hoping to create a unique dedicated zk-L2 in collaboration with ApeCoin DAO.
By having its very own chain, ApeCoin DAO aims to address scaling issues, ensuring that all affiliated projects and experiences have a dedicated and efficient space to operate. This could, in turn, attract more users and facilitate a wide range of value generation, including assets, content, and data.
In fact, Yuga Labs itself called for the potential of its own chain shortly after the expensive Otherside mint.
The value propositions being put forward by this collaboration are promising: heightened security, reduced fees, high customizability, instant withdrawals, and shared liquidity, to name a few.
🎤 Founder Feedback
As a result, by virtue of ApeCoin DAO gaining composability and interoperability with the entire modular suite of Polygon solutions, the ApeCoin ecosystem will be primed for tremendous growth.Sandeep Nailwal, Co-Founder Polygon Labs
📊 By the Numbers
Polygon is seeking $200,000 annually to help with implementation and future growth.
🔜 What's Next?
The proposal is just entering the formal AIP process. Assuming it is approved through the beginning stages, it will be assigned an official AIP and moved to a DAO vote.
🎬 Take Action
You can dive deeper into the proposal here.
For more web3 and NFT news, visit the Lucky Trader newsfeed.
In its latest play test, Yuga Labs invited Meebits holders to use their Meebit avatars in the Otherside for the first time.
The Deets
- Concept Art Peek: Play-testers in Berlin experienced new concept art from the Otherside team.
- Meebit Avatars: Completely rebuilt and optimized avatars specially crafted for Otherside.
- Meetropolis Introduction: A novel island in Otherside where nature combines with voxel elements.
- Community Involvement: Participants provided crucial feedback and celebrated with Meebits-themed refreshments.
The Bulk
During a special play-test event in Berlin, a select group comprising 40 Meebits and Voyagers were introduced to several groundbreaking concepts being developed by the Otherside team. The group was treated to exclusive glimpses of the latest concept art which provided insights into the visual direction Otherside is pursuing.
Among the unveilings was Meetropolis, a newly crafted island located within Otherside with inspiration from Meebits.
📊 By the Numbers
The Meebits floor price is up 9% in the last week to 0.98 ETH.
🔜 What's Next
A full play test trailer is expected to better showcase the Meebits Otherside adventure.
For more web3 and NFT news, visit the Lucky Trader newsfeed.
