Latest HV-MTL News
Faraway is acquiring Yuga Labs's HV-MTL and Legends of The Mara IPs, aiming to enhance the IPs by introducing a new points system and more integrations following their acquisition from Yuga.
The Deets
- New Ownership: Faraway now owns HV-MTL and Legends of the Mara
- Points System: New 'HV-MTL Points' and 'LoTM Points' to be added to NFT metadata.
- Experienced Leadership: Spencer Tucker, a gaming veteran, joins Faraway as Chief Product Officer.
- Interoperability Focus: Enhancements include cross-game interactions within Faraway’s network.
The Bulk
Faraway, a seasoned game development team backed by prominent investors like Lightspeed, Sequoia, and a16z, officially acquired Yuga's gaming IPs, HV-MTL and Legends of the Mara. This acquisition is a part of Faraway’s strategy to build an ecosystem of interoperable games that reward player engagement and loyalty.
The introduction of a new points system is a significant first step in this integration. HV-MTL and Legends of the Mara NFTs will feature new metadata fields indicating point values, which are calculated based on various attributes such as class, companion, powerscore, and more. These points will play a crucial role in enhancing the utility and value of the NFTs within Faraway's gaming network.
Adding to the strategic depth, Spencer Tucker, known for his extensive experience in the gaming industry with companies like Glu and Scopely, will oversee the product development at Faraway. His expertise will be pivotal in ensuring the smooth integration of the newly acquired IPs and maintaining the original vision of the Yuga brands.
🎤 Founder Feedback
Today marks a milestone for our IP, as we announce that Faraway is acquiring the LoTM and HV-MTL brands, incorporating them as preeminent collections in their current and future gaming products. These brands will, of course, remain closely connected to both Yuga and Otherside.Greg Solano, Yuga Labs CEO
🔜 What's Next?
Faraway plans to integrate these IPs into its broader ecosystem, with more announcements expected in the upcoming seasons.
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Arbitrum, in partnership with Horizen Labs and Offchain Labs, unveiled an ApeCoin DAO idea for ApeChain, a dedicated blockchain using $APE as the native gas token, aiming to revolutionize onchain gaming.
The Deets
- New Collaboration: Arbitrum, Horizen Labs, Offchain Labs team up for ApeChain
- Native Token: $APE to serve as ApeChain's gas token
- Gaming Focus: ApeChain to be a nexus for onchain gaming, led by Horizen Labs
- Technical Edge: Utilizing Arbitrum’s AnyTrust technology for efficiency and affordability
- Overall Cost: No upfront compensation requested by potential partners
The Bulk
Arbitrum, known for leading the Ethereum scaling solution space, is collaborating with Horizen Labs and Offchain Labs to propose ApeChain be cemented on Arbitrum. Given Yuga Labs' focus on the gaming sector, Arbitrum noted that its vision of ApeChain intends to use $APE as its native gas token, levergaing Arbitrum's technical attributes and market share to create a robust gaming-centric blockchain ecosystem.
The initiative has garnered support from various partners including Magic Eden, Darewise, LayerZero Labs, and more, as outlined in the full proposal.
Horizen Labs, serving as the growth lead, would focus on business development and onboarding for ApeChain, aligning with Yuga Labs' gaming strategy. Offchain Labs would contribute technical expertise, enhancing ApeChain's features, including potential implementations like hardcoded creator royalty enforcement.
None of the partners are seeking upfront compensation for the work, and its implementation would be funded by Arbitrum's Grant Program, if the idea moved forward as is. Instead, the group would receive some form of compensation from the revenue generated from ApeChain's data availability committee.
❗️Why It Matters
ApeChain seems like all but an inevitablity at this point, and now multiple heavy hitters, including Optimism, Polygon, and Arbitrum are vying to be its home. If Yuga Labs wishes to cement itself as a major web3 gaming player, it will need a place for its ecosystem token and high-speed, cost-effective transactions. Will that be with Arbitrum's help?
📊 By the Numbers
$APE has lagged relative to its web3 gaming token counterparts. The Yuga Labs' ecosystem token is up 4.4% in the last 24 hours to $1.68 and is ranked No. 101 in CoinGecko's marketcap rankings.
🎤 Founder Feedback
Our goal is to combine the strength of the APE brand with Arbitrum's technology and cement ApeChain as the nexus of onchain gaming.Arbitrum
🎬 Take Action
Learn more about the idea and provide your feedback via the ApeCoin DAO forum.
For more web3 and NFT news, visit the Lucky Trader newsfeed.
Yuga Labs CEO, Daniel Alegre, spoke candidly about his experience and the future of Yuga Labs ecosystem components, hinting at big changes and new initiatives while admitting flaws.
The Deets
- Bored Apes: Major club with global presence emphasized with events like ApeFest in Hong Kong and list of partners.
- CryptoPunks: Yuga's intensified efforts in elevating the stature and art collector appeal of CryptoPunks.
- Meebits: Transition to Otherside for a dynamic ownership experience.
- Otherside: Rapidly expanding development with help of partners.
The Bulk
Yuga Labs CEO, Daniel Alegre, provided a detailed overview of his time at Yuga Labs and shared a snapshot of before and after for some of the biggest components of the Yuga Labs ecosystem.
For the Bored Ape Yacht Club, Yuga is still going global. A highlight of this strategy is the upcoming ApeFest which will be held in HongKong. This event is a testament to Yuga's commitment to its global community, ensuring they're part of something epic.When it comes to Made By Apes, Alegre mentioned that a handful of key businesses would be showcased during ApeFest, hinting at potential collaborations or features that the community should anticipate.
The CryptoPunks relationship with Yuga Labs has seen its challenges. However, Alegre detailed how Yuga has been working diligently to enhance the brand's recognition and stature. This includes collaborations with top-tier museums and strong community support measures.
Meebits has faced hurdles from a business standpoint, but Yuga Labs is innovating solutions. By integrating Meebits into Otherside and evolving them into a more interactive experience, Yuga aims to rejuvenate the brand and bolster its community engagement.
Otherside, Yuga Labs metaverse, will see rapid changes. With partnerships and acquisitions like Hadean, Big Rhino, and Roar Studios, Yuga Labs is determined to accelerate Otherside's evolution, aiming to meet the high expectations set by the community.
Lastly, on the gaming front, Yuga Labs acknowledges past shortcomings and is eager to learn and innovate further in this space. Specifically Alegre called out the fun and excitement of Dookey Dash, but acknowledged expectations have not been met for HV-MTL.
🎤Founder Feedback
I am focused on building and delivering for the long term. We are committed to standing strong. Our mission is clear - to build culture on the blockchain - and with your support nothing will deter us from continuing to deliver on this mission.Daniel Alegre, CEO of Yuga Labs
🔜 What's Next?
With the extensive plans for each component of the Yuga ecosystem, the community should brace for a flurry of announcements, collaborations, and innovative experiences in the coming months.
For more web3 and NFT news, visit the Lucky Trader newsfeed.
Yuga Labs released a game guide for the HV-MTL Forge, a hybrid game that morphs from a casual world builder into a competitive dungeon crawler.
The Deets
- HV-MTL Forge: A novel, hybrid game starting as a world builder and ending as a dungeon crawler
- Player's Objective: To evolve their HV into an Evo2 through creating a forge
- The Forge: Generates energy needed to explore The Rift and keeps the HV content
- Forge's Fate: Decided by community voting after each three-week-long season
The Bulk
The HV-MTL Forge begins as a blend of pet and world building game, gradually transforming into a challenging dungeon crawler.
In this gaming experience, players' Humanoid Vehicles (HVs) rely on them to reach their next evolutionary form, Evo2. To accomplish this, players need to construct their own workshop or forge, which generates the required energy for exploring The Rift while keeping their HVs satisfied.
As a unique element of community engagement, the fate of a player's forge is at the mercy of fellow players who vote daily on its design and efficiency. At the end of a three-week season, votes are tallied and the destiny of each forge is determined.
📊 By the Numbers
Yuga Labs committed to six seasons for HV-MTL Forge, the first of which will kickoff tomorrow, June 29. HV-MTL NFTs are up 13% in the last week in anticipation of the Forge opening.
🎤 Founder Feedback
Speaking about the game and the anticipated release, Yuga Labs co-founder Greg Solano said:
These HV's are currently in their 'Evo 1' form. Basically, Charmander stage. They're a little cute even though yeah they could probably fuck you up. As far as mechs go, they are basically pre-adolescent. Forge is how we take a HV from Evo 1 to the next stage. You won't need twitchy reflexes like you did with Dookey Dash. This space is creative, social, and funny, so Forge was designed to tap into all that. You can win and just be... chilling.Greg Solano
🎬 Take Action
Users can view the game guide in full here.
For more web3 and NFT news, visit the Lucky Trader newsfeed.
Yuga Labs will kick off its HV-MTL Forge and first season on June 29, introducing a gameplay where players can build, customize, and upgrade their HVs to prepare them for evolution.
The Deets
- Build: Create and personalize your workshop to prepare your HVs for their evolution.
- Flex: Showcase your creations to climb the leaderboard and unlock special abilities.
- Fight: Face the dangers of the rift to uncover blueprints and gather essential materials.
- Evolve: Craft upgrades that evolve your HVs.
The Bulk
The HV-MTL Forge and first season will start on Thursday, June 29. In gameplay (which was teased in video), players will build, flex, fight, and evolve their HV-MTL NFTs.
Moreover, players can flex their creative muscles by showcasing their unique creations to climb the leaderboard and unlock special abilities.
The game also offers an adventurous twist where players can choose to fight, face the dangers of the rift, and discover blueprints. Players can gather essential materials for crafting upgrades to evolve their HVs. This element of risk and reward adds an exciting layer to the gameplay, keeping players intrigued and invested.
🧐 Wait, What?
For those unfamiliar with the term, HVs are the in-game assets in HV-MTL Forge. They're like your digital sidekicks, and you can upgrade and evolve them through the gameplay elements.
📊 By the Numbers
After the announcement, HV-MTL NFTs quickly spiked, but have since retraced to a floor of 0.85 ETH. The collection is down 18% in the last month.
For more web3 and NFT news, visit the Lucky Trader newsfeed.
The official BAYC account announced that the HV viewer is now live at garage.hv-mtl.com.
The Deets
- The HV viewer shows the traits (body, back attachment, weapon system, etc.) in a garage setting.
- The site can be accessed via a warm wallet connection.
❗ Why It Matters
The new site shows HVs and their individual traits, but in a more immersive experience than on a marketplace like OpenSea.
About an hour prior, BAYC also tweeted a teaser video involving HV-MTL and the Bored Ape Kennel Club collection, with the caption "Ape follow….?". After a few weeks of silence since the HV-MTL Evo 1s were revealed, Yuga is now signaling that the activations around HV-MTL are likely to ramp up soon (it is June, after all).
🎬 Take Action
If you're a holder, check out where your HV is parked at garage.hv-mtl.com.
🕳️ Go Deeper
The official BAYC account tweeted that HV-MTLs have made it through the rift and that the Evo 1's have revealed.
❗ Why It Matters
After teasing yesterday that the HV-MTL collection would reveal sometime this week, the moment has arrived today.
The Details
- There are eight types of HVs, and over 1,050 traits across the collection.
- The trait system for the HV-MTL collection was developed based on a steep rarity scale within each HV-MTL class.
- Your HV-MTL’s token ID is also your HV-MTL’s rarity ranking within the rarity ranking model.
🔜 What’s Next?
Evo-2 is now scheduled for June, as can be seen at mdvmm.xyz.
🧠 Learn More
Yuga Labs' HV-MTL collection will reveal sometime this week.
The Deets
- Evo-1 reveal previously scheduled for April, delayed until May
- Collection boasts 8 types, 1050 traits
❗️Why It Matters
Instead of rushing out a product with errors, Yuga took the time to (hopefully) get the HV-MTL reveal right. The collection will start its Evo-1 journey reveal later this week, restarting the timeline for the events to follow, like Evo-2, which is now scheduled for June.
🎤 Community Quotes
📊 By the Numbers
Though down more than 30 percent in the last month, the collection jumped on the news to a floor price of 1.25 ETH at the time of writing.
🧠 Learn More
Bored Ape Yacht Club No. 4980 sold for 530 ETH or approximately $970,000 earlier today.
The Deets
- BAYC No. 4980 NFT was sold at a 16% premium over its DeepNFTValue of Ξ456.79 ($837.7k).
- The sale realized a profit of 524 ETH for the seller.
- The Ape was purchased by "PimpCapital."
- The sale took place on X2Y2, and no royalties or fees were paid.
The Details
BAYC No. 4980 is one of 46 apes with a "Solid Gold Fur" trait which makes it one of the rarest in the collection. The seller held the NFT for about two years from its last purchase.
The sale marks the largest since BAYC No. 5230, which sold on April 20 for 300 ETH.
📊 By the Numbers
Bored Ape Yacht Club currently holds a floor price of 47.20 ETH, down about 12 percent in the last 30 days. The collection has experienced a small boost since being added to Blur's Blend platform earlier today.
🧠 Learn More
BAYC tweeted a brief teaser video that shows 80+ possible traits across the different HV-MTL mech types.
Fewer than a trillion possible combinations. pic.twitter.com/6GHVeUZbMI
— Bored Ape Yacht Club (@BoredApeYC) April 28, 2023
❗ Why It Matters
While the Evo 1 reveal was delayed until next month, it'll be worth the wait based on a glimpse at the montage of various traits that BAYC shared today. Garga previously noted there were 1,050 traits, so this preview included less than 10% of the total trait pool.
🎤 Founder Feedback
Huge amount of traits have gone into the HV MTL collection. Looking forward to seeing what comes through the rift.Garga
