Latest Otherdeed for Otherside News
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.
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.
Yuga Labs announced an investment in spatial computing firm Hadean to enhance 3D experiences on a global scale.
The Deets
- Partnership Strengthened: Building on recent technical and commercial agreements, Yuga Labs deepens ties with Hadean.
- Mass Concurrency: Hadean will aid Yuga Labs in achieving high-scale 3D experiences by addressing concurrency challenges.
- Investment for Otherside: Yuga's investment is focused on the evolution of Otherside.
- A Shared Vision: Both companies emphasize their commitment to enhancing interactive and immersive experiences in the digital world.
The Bulk
Yuga Labs announced a strategic investment in Hadean, a company specialized in spatial computing. The move comes after the pair announced a strategic partnership in Sept. to push the Otherside forward.
Yuga Labs CEO, Daniel Alegre, emphasized the capabilities of Hadean, stating its technology and know-how in creating immersive cross-industry experiences is unmatched. He believes in a shared vision to harness the interactive capabilities of Otherside.
🎤Founder Feedback
As we double down on Otherside, we are excited about deepening our commitment through investing for the long term with Hadean. Their differentiated technology and expertise is unparalleled. We share a vision to achieve the interactive possibilities of Otherside.Daniel Alegre, CEO of Yuga Labs
🔜What's Next?
With strengthened ties between Yuga Labs and Hadean, the web3 may be able to expect immersive virtual experiences coming to the Otherside metaverse.
For more web3 and NFT news, visit the Lucky Trader newsfeed.
Metaverse startup, Improbable, reported an 85% reduction in losses, crediting its intensified focus on creating metaverse experiences, according to a report from CNBC.
The Deets
- Improbable's revenue improved to $95 million.
- The company cut its fiscal losses by 85%.
- CEO Herman Narula told CNBC it was Improbable's "best financial year" yet.
- Advancements in AI enabled the firm to produce more with smaller team.
The Bulk
Improbable made significant strides in 2022 by shifting its attention towards the metaverse, most notably in collaboration with Yuga Labs and the development of the Otherside Metaverse.
In line with its metaverse vision, Improbable introduced MSquared - designed to be a collection of interoperable web3 metaverses. Thanks to a separate funding round, MSquared raised $150 million. Unlike traditional platforms, MSquared offers cloud streaming accessibility, eliminating the need for software downloads. This innovative approach has garnered attention from significant names, like Major League Baseball (MLB), resulting in partnerships for unique virtual experiences.
🎤 Founder Feedback
The model of a successful tech company in 2023... the optimal size is probably not that big. You probably want to think about much smaller companies overall.Herman Narula, CEO of Improbable to CNBC
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Yuga Labs is joining forces with new global creative and technical partners to accelerate the development of Otherside, its interoperable metaverse.
The Deets
- Core Partnerships: Hadean focuses on high-density simulation and networking, AccelByte delivers a scalable backend for live game services, Bad Rhino Studios provides game development expertise, and Faraway focuses on engaging gameplay.
- OMA3 Connection: Yuga Labs joins the board of directors for OMA3, a coalition of web3 metaverse platform creators.
- Community Focus: Otherside is being developed with real-time feedback from creators and the community.
- Interoperability: Yuga Labs emphasizes the importance of interoperable digital assets and experiences for the metaverse's future.
The Bulk
Yuga Labs announced strategic partnerships to expedite the development of the Otherside Metaverse. The Otherside aims to be a game-changer for creators and players alike, offering a platform for immersive experiences across various devices.
Key among these partnerships is spatial tech firm Hadean, which focuses on delivering high-density simulations and networking solutions. AccelByte brings to the table its scalable backend platform designed for live game services. Bad Rhino Studios, known for its experienced game developers, artists, and engineers, will aid in creating dynamic and social virtual experiences. Lastly, Faraway will be contributing to crafting moment-to-moment, engaging gameplay.
Additionally, Yuga Labs has joined the board of directors for OMA3, a coalition that is geared towards interoperability in the metaverse.
❗Why It Matters
The new strategic partnerships signify a major commitment from Yuga Labs to The Otherside and the metaverse as a whole. Assembling a team of experts in technology and gaming could make The Otherside a hub for creative and social experiences in the metaverse.
🎤Founder Feedback
The key to delivering a disruptive product of this scale is deep collaboration with creators and technologists. These best-in-class companies are aligned with our vision of Otherside.Eric Reid, General Manager of Otherside
🔜 What's Next?
Yuga Labs promises to build Otherside in public, revealing demos and behind-the-scenes looks, fine-tuned by community input. The project announced yesterday that its Legends of the Mara open beta would launch on Sept. 26.
For more web3 and NFT news, visit the Lucky Trader newsfeed.
Yuga Labs and Faraway are joining forces to release an open beta for Legends of the Mara (LoTM), including a Unity-based expansion built with community feedback.
The Deets
- The open beta aims to involve the community for gameplay feedback.
- Gamers will unlock "Otherdeed" powers and earn future rewards.
- Players can hatch Vessels and gather sediment from their deed in this beta version.
- More capabilities to roll out as the full launch approaches.
The Bulk
In a noteworthy collaboration, Yuga Labs and Faraway are setting the stage for Legends of the Mara (LoTM). This open beta release isn't just a teaser; it's an invitation for community engagement.
The open beta is designed for players to get acquainted with the new features like "Otherdeed" powers. Players can not only explore but can also gather rewards that will become relevant in future expansions of LoTM. Furthermore, gamers can expect to hatch their vessels and gather sediment from their Otherdeed NFTs.
The beta version is just the beginning. Yuga Labs and Faraway have plans to unveil more capabilities as they gear up for the full launch.
❗Why It Matters
Legends of the Mara has been billed as a major next step for Yuga Labs and particularly the Otherside Metaverse, however news of its advancements have been quiet for most of this year. Until now....
The short-term outlook for the Otherside Metaverse may well rest on this open beta launch.
📊 By the Numbers
Otherdeeds are up more than 20% in the last week to 0.62 ETH.
🧠 Learn More
For more web3 and NFT news, visit the Lucky Trader newsfeed.
Yuga Labs is acquiring Roar Studios, merging gaming, social media, and metaverse expertise.
The Deets
- Roar Studios develops ROAR, a real-time media experience platform for artists and fans
- Roar’s tech and expertise will boost Otherside, Yuga’s metaverse project
- Roar's founder, Eric Reid, will become the General Manager of Otherside
- Reid's two-decade experience in film, TV, and music content distribution will enrich Yuga's leadership team
The Bulk
Yuga Labs is now broadening its horizons by acquiring Roar Studios. Roar Studios is known for ROAR, an innovative real-time platform where artists and fans can interact, collaborate, and compete from anywhere in the world.
Roar Studios, with its team of skilled audio, game, and AI engineers, has managed to carve out a unique product category in the metaverse. By blending innovative proprietary technology with established MMO game and platform systems, they've crafted a semi-autonomous music and entertainment world that's driven by individual content creators and community consensus.
As Yuga Labs moves forward with the development of Otherside, an interoperable metaverse, Roar Studios' cutting-edge technology, specialized skills, and leadership will be an invaluable asset.
Following the acquisition, Roar Studios' Founder and CEO, Eric Reid, is set to join Yuga as the General Manager of Otherside. Drawing on his extensive experience in creating and distributing content for global audiences, Reid will work in conjunction with Yuga's seasoned executive team to advance the vision and production of the platform.
🖼️ The Big Picture
The collaboration of Yuga Labs and Roar Studios paves the way for a transformative, community-driven media experience within the metaverse, fostering creative content creation and deeper social connections.
🎤 Founder Feedback
Roar Studios has redefined what it means to experience media content in the metaverse. Roar's dedication to creative content creation and social connections will accelerate our execution of our bold vision for Otherside and Yuga's ecosystem more broadly.Daniel Alegre, CEO of Yuga Labs
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The Otherside Metaverse provided a StarMap update alongisde a handful of other gameplay details on Tuesday.
The Deets
- Shades’ power diminishes, leading to the emergence of The Shattered in Otherside
- Voyagers must employ skillful strategies to protect wounded defenders
- Game cards with slots and hitpoints (HP) are crucial in battles
- Defeating The Shattered leads to rewards known as Unearthed Artifacts
The Bulk
The game's narrative significantly shifts as we move into Season 2 of Legends of the Mara. The struggle of the Shades to contain The Shattered crumbles, leading to their full manifestation in Otherside. This manifestation unchains their wrath, making the landscape of the game much more challenging for Koda, Kodamara, Mara, and The Friends.
Voyagers, therefore, have to rapidly mobilize and strategize to buffer the relentless assaults by The Shattered. To keep the Otherside's defenders safe, only a well-thought-out strategy can mitigate the damage taken in the battles. This strategy involves strategically equipping slots and hitpoints (HP) on a game card.
However, the fight does not end when a card's HP is exhausted. Voyagers can either wait for the card to recover during a cooldown period or employ other mechanisms to heal sooner. Upon healing, the card will return to the battlefield to continue defending Otherside.
In this perilous landscape, the reward for bravery and strategy is rich. Once a Voyager defeats The Shattered, they are rewarded with treasures known as Unearthed Artifacts. These artifacts enhance gameplay within Legends of the Mara and also aid The Friends.
🎤 Community Quotes
Gucci and Yuga Labs will soon open a two-week claim window for KodaPendant holders to claim physical versions of their digital pendants.
The Deets
- KodaPendant snapshot on June 21, 2023 at 10:00 AM ET determines eligibility
- Physical claim starts June 21, 2023 at noon ET, ends July 6, 2023 at noon PM ET
- Claim made via direct wallet connection at kodapendant.gucci.com
- Always validate links with the official news.yuga.com/otherside-relics blog
The Bulk
Gucci and Yuga Labs will soon be distributing physical versions of the KodaPendants NFTs. The offer extends to KodaPendant owners whose holdings are confirmed by a snapshot taken on June 21, 2023, at 10:00 a.m. ET.
Once the snapshot is taken, KodaPendant owners will have a two-week window—from June 21, 2023, at noon ET until July 6, 2023, at noon PM ET—to claim their physical KodaPendants. This process will require a direct wallet connection on Gucci's website and will exclude KodaPendants purchased after the snapshot.
For holders' security, they are urged to validate any related social media links with the official OtherSide Relics blog.
🔜 What's Next?
KodaPendant holders should prepare for the snapshot on June 21, and ready their wallets for a direct connection on the Gucci website to claim their physical pendants.
🧠 Learn More
