Otherdeed for Otherside

Gordon Goner Takes Leave of Absence from Yuga Labs
Bill Monighetti

In a Twitter thread today, Yuga Labs co-founder Gordon Goner (Wylie Aranow) announced he has been diagnosed with congestive heart failure and will be taking a leave of absence from Yuga Labs to focus on his health.

🤔 What It Means

  • Wylie will stay on with Yuga as a board member and strategic advisor while he recovers.
  • In the interim, Yuga's leadership team will be led by Garga (Greg Solano) and Daniel Alegre.

Lucky Trader's best wishes are with Wylie and the whole team wishes him a speedy recovery.

Gordon Goner Takes Leave of Absence from Yuga Labs
Prep Your Sewer Passes, Dookey Dash Going Live
Logan Hitchcock

Dookey Dash is expected to be ready for play around 4:00 p.m. ET, according to a tweet from Bored Ape Yacht Club

Why It Matters: 

Those holding Sewer Pass NFTs will now be able to use their passes to earn entry to the Dookey Dash game. Holders will aim to score above 0 points to ensure their Sewer Pass NFT is eligible to transform and reveal an "unknown power source" at the game's conclusion on Feb. 8. 

Action Items: 

Sewer Pass holders can visit dookeydash.xyz/ to play Dookey Dash. A full leaderboard can be found here

Community Thoughts:


Let the games begin 🔥😍 LFGggg!!MissBayc

By The Numbers: 

Sewer Passes, free to claim for Bored and Mutant Ape holders, have traded more than 9,000 ETH in the last 24 hours on OpenSea. The Tier 1 Sewer Passes (the lowest tier) have climbed to a floor price of 1.84 ETH at the time of writing. 

Go Deeper:

Prep Your Sewer Passes, Dookey Dash Going Live
Warm Wallets Allowed
Julian Son

Bored Ape Yacht Club advised holders they can use a "warm wallet" ahead of the mint next week in a tweet from the official BAYC account. 

Why It Matters: Bored Apes holders have long been the target of malicious actors. Because a new mint is coming, Yuga is ensuring users are aware that security solutions like warm.xyz and delegate.cash are viable solutions for the mint. 

"Heads up, Apes: you'll be able to use a warm wallet through warm.xyz or delegate.cash for next week's mint. We recommend setting up the wallet ahead of time. As always, be on guard for scams around an upcoming mint. If you have any questions, head over to the official BAYC discord and open a support ticket," said the project. 

How It Works: Both warm.xyz and delegate.cash allow users to link their vaulted assets to a fresh, "warm" wallet that can be used separately for minting NFTs and signing transactions. 

What People Are Saying: 

"These are trusted and commonly used protocols in the web3 space for hot wallet delegation that allows you to interact with your cold wallet without directly connecting it. Warm.xyz came from the wenew fam," @NBATopShotEast said on Twitter.

Jampzer added, "Love to see you guys creating and adopting frictionless protections and software to help us out!"

🕳️ Go Deeper:

Warm Wallets Allowed
Late Swing Shakes Up ApeCoin Special Council Election
Logan Hitchcock

A surge of votes ahead of the 9:00 p.m. ET deadline flipped the standings of the ApeCoin Special Council election voting according to the tallies on the Snapshot website.

The top three vote-getters - BoredApeG, veratheape, and Gerry - have all been elected by the community of ApeCoin holders, each earning a one-year term on the Special Council. 

The final standings can be found below:

  • BoredApeG: 6.3 million APE
  • veratheape: 6 million APE
  • Gerry: 5.5 million APE
  • Degentraland: 4.7 million APE
  • herb: 254,000 APE

While the distance between Gerry and Degentraland seems large in hindsight, the flip is magnified even more when compared to the 10:00 a.m. ET polling results, as displayed in our initial reporting

At that point in time, Degentraland actually lead all vote-getters with more than 5 million in APE backing, only to have it slip as the day went on, pushing him from first place, to fourth, missing a Specail Council seat entirely. 

The elected members will begin their one-year term on Jan. 3. 

Late Swing Shakes Up ApeCoin Special Council Election
Next Phase of Trial of Jimmy The Monkey Unlocked
Logan Hitchcock

Yuga Labs unveiled the next phase of the Jimmy The Monkey Trial on Wednesday evening.

Users eager to learn more are first asked to try and shake open the jewelry box that holds the next set of mysteries. After trying a few times, they are first greeted by the Great Dog Prophet. 

The Prophet, Gary, then goes on to share in riddle the meaning of the different hieroglyphic-like markings around the edge of the box, starting first with the top. On the top, Gary explains that all things first start with a "boom." With the boom, "a portal opens and shards appear, fragments that need to be collected." The wise dog voice goes on to explain that these shards are power sources, which can be found in the underworld (presumably The Otherside). 

The Gret Dog Prophet then speaks about a major battle that is brewing, one that depicts what many have speculated is a "Mecha Monkey" versus "Mecha Dog" battle. This speculation, should it be true, would also provide an answer to the MDVMM acronym from which the site gets its name - "Mecha Dog versus Mecha Monkey." 

Prior to signing off, Gary informs the crowd that he is "super high" and that "everything starts with a key."

The next stage of the MDVMM mystery is slated to unlock on Jan. 11 as users "prepare for the mint." A few of these details may have been previously shared by Yuga Labs when they started revealing details about the Trial of Jimmy The Monkey earlier this month - but many formal details are still outstanding. 

Want to explore the mystery for yourself? Head to mdvmm.xyz.

Next Phase of Trial of Jimmy The Monkey Unlocked
Otherdeeds Rise on "Waking Up" Announcement
Logan Hitchcock

Yuga Labs continued its barrage of recent announcements, showcasing a trailer for the "waking up" of Otherdeed NFTs and "in-engine" footage of the Otherside Metaverse last night. 

The announcement sparked a run in Otherdeed NFTs, which have traded more than 700 ETH in secondary volume on OpenSea in the last 24 hours. The volume gain brought a floor price increase as well, with Otherdeed assets up 10 percent to 1.58 during that time. 

The waking up announcement included a notable roadmap update, alerting holders that the "Second Trip" will take place in March 2023. Though the Second Trip was not included in the original roadmap - the Voyager's Journey - it is expected to have different explorable environments that creates an even richer experience, for a greater group of users than the First Trip. 

The week isn't over for Yuga Labs, who is expected to release more on the Trial of Jimmy the Monkey on Christmas Day. 

 

Otherdeeds Rise on "Waking Up" Announcement
NFT Morning Minute | Yuga Wins The Week
Tyler Warner

Good morning!

Take a minute to catch up on the latest in the web3 space. Here are today's NFT market analysis, top movers, and upcoming mints:

Skip to

NFT Total Volume

NFT Floor Price Increase

NFT Floor Price Decrease

Upcoming NFT Mints

Tyler Warner's NFT Market Summary

It's Yuga's world, and we're just living in it. The founders of BAYC launched a new trailer for The Otherside late Thursday announcing "The Otherside is Waking Up." The trailer came with a blog post with several updates and details, with a notable timeline update that the "Second Trip" will take place in March of 2023. 

The market liked the news, with Yuga assets taking 4 of the top 5 spots on the volume board and each jumping about 10 percent in price. Otherdeeds jumped to 1.57 ETH, BAYC to 72 ETH, MAYC to 16 ETH, and BAKC held at 8 ETH. 

Perhaps the biggest takeaway from this week for Yuga is their move to product verticals. It seems clear they are moving in parallel now with different teams/leaders driving 1) BAYC roadmap (Trial of Jimmy the Monkey), 2)The Otherside (latest trailer and updates), 3)Meebits (new album dropping), and 4) Media (the new podcast). And they are picking up speed. It's a fun and exciting time to be a Yuga NFT holder.

With Yuga stealing all the spotlight, there were not too many other big winners. Hounds were likely the most notable, up another 20 percent to 1 ETH - not surprising for a Yuga-adjacent project with ties to the Mutant Cartel. Wolf Game was a big loser on the day, with the game now live but the NFTs falling fast. Floors are down 10-35 percent across the assets. $WOOL is at $0.0284, down from $0.044 on Thursday (-35%).

Other top news from NFTs includes an update on 2023 plans for PUNKS Comic and their upcoming PFPs, the Cool Cats team will have a new focus on Blue Cat, and the Doodles team shared that Genesis Boxes will be revealed in February.

In Web3 news, Hong Kong Web3.0 Hub is looking to help 1,000 web3 startups. Dubai is looking to open the first physical NFT store in the Mall of the Emirates. And fresh off their World Cup win, the Argentine Football Association (AFA) is entering the Metaverse with startup Upland to bring a new way to engage with fans via Web3.

NFT Total Volume*

  • Bored Ape Kennel Club (3,419 ETH, 8 ETH Floor Price)
  • Otherdeeds (2,927 ETH, 1.57 ETH Floor Price)
  • Azuki (2,375 ETH, 11.22 ETH Floor Price)
  • Bored Ape Yacht Club (2,076 ETH, 71.7 ETH Floor Price)
  • Mutant Ape Yacht Club (1,485 ETH, 16 ETH Floor Price)

NFT Floor Price Increase*

  • YuGiYn (66%, 0.2 ETH Floor Price)
  • Mutant Hounds (21%, 1 ETH Floor Price)
  • Otherdeeds (11%, 1.57 ETH Floor Price)
  • Floating World Genesis (10%, 3 ETH)
  • You The Real MVP (7%, 32.88 ETH)

NFT Floor Price Decrease*

  • Wolf Game - Farmer (-35%, 0.6 ETH Floor Price)
  • Valhalla (-20%, 0.99 ETH Floor Price)
  • Wolf Game - Land (-12%, 0.4 ETH Floor Price)
  • Wolf Game (-11%, 0.82 ETH Floor Price)
  • Potatoz (-8%, 2.14 ETH Floor Price)

Upcoming NFT Mints and Reveals

  • n/a

There are no major mints on the docket for today. Expect market attention on the Yuga assets as more process all the recent news and other recent movers like Hounds. Yesterday's new drop Tabz is holding a 0.25 ETH floor with 6,000 minted so far, a nice win for DAP holders as DAP is back to 0.26 ETH. Tabz is likely to see more volume ahead of its reveal on the 26th, which should have a nice rare lotto.

The other major project to watch is Memes by 6529, with another major snapshot today. It will be telling if some start to sell off post snapshot, or if we see continued grind up indicating broader adoption ahead of SZN2 coming Jan 1.

Last - this is it for me for 2022 as I'm taking next week off to be with family. Thanks to everyone who read this year, and I can't wait to be back in 2023! Happy holidays to everyone and happy new year!

Enjoy this write up? Follow along with me on Twitter @tyler_did_it or reach out via email tyler.warner@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.

*data retrieved at 8:00 a.m. ET. Volume and percentages are based on the last 24 hours. Notable projects are included, typically with a 0.25 ETH minimum on the projects listed in this roundup.

NFT Morning Minute | Yuga Wins The Week
Yuga: "The Otherside is Waking Up"
Bill Monighetti

A tweet from the official @OthersideMeta Twitter account this evening announced "The Otherside is Waking Up" with a teaser video showing a "bone field"/desert environment within the Otherside. Today's teaser comes just one day after a similar update from @BoredApeYC ahead of the upcoming "Trial of Jimmy the Monkey," as Yuga Labs puts pedal to the metal to close out 2022.

Today's update also included a blog post on Yuga's news.yuga.com website that outlines various details related to the Otherside.

  1. First, Yuga Labs recapped some recent hires, which included new Chief Gaming Officer Spencer Tucker  (ex: Scopely) and CEO Daniel Alegre (ex: Activision Blizzard)
  2. Yuga noted it is working to bring "PFPs to life" as playable avatars within the Otherside. The goal is for players to have the ability to connect their wallet and immediately appear as their NFT within the gaming environment. It is also noted that a few other projects are working to make their PFPs playable within Otherside.
  3. There is a sneak peak of  some of the in-game building tools, which Yuga will cater towards players of all skill levels. The team is using games like Fallout 4 and 7 Days to Die as guides here. More advanced users will be able to use the ODK to "unlock endless possibilities for creativity and harnesses the power of Unreal Engine."
  4. Players will be able to name their Otherdeed and manage its lore as reflected in the "Otherside atlas" next year.
  5. Perhaps most importantly, Yuga announced the "Second Trip" will occur in March of next year. During "The First Trip", nearly 5,000 players got their first look at the gaming environment.

View the full blog post here.

 

Yuga: "The Otherside is Waking Up"
ApeCoin Special Council Nomination Voting Ends
Logan Hitchcock

Voting has ended for the ApeCoin Special Council nomination process, according to an announcement from ApeCoin Twitter

The nomination process narrowed the applicant pool to a final five, voted on by the community during the first voting phase. 

The final five will now move to the second round of voting, whereby the top three vote-getters will earn a term on the ApeCoin Special Council starting in Jan. 2023. 

Starting tonight at 9:00 p.m. ET, ApeCoin holders can cast their votes for any of the following:

Voting for the Special Council will conclude on Dec. 28 at 9:00 p.m. ET. 

Earning a seat on the ApeCoin Special Council will compensate each seatholder $20,833.00 of ApeCoin each month, for a full one-year term. 

ApeCoin holders can cast their vote here

ApeCoin Special Council Nomination Voting Ends
Blur Bid Farming Wreaks Havoc on NFT Market This Weekend
Tyler Warner

Blur's newest bid feature has seemingly caused a roller coaster weekend in the NFT market, with several notable collections seeing 10-20 percent swings in both directions.

The weekend started with a bang, as yesterday's market was full of green. Several collections saw significant gains in their floor prices, including:

  • Pudgy Penguins (+22% to 4.94 ETH)
  • Azukis (+15% to 13.9 ETH)
  • Otherdeeds (+15% to 1.36 ETH)
  • Clone X (+10% to 7.4 ETH)
  • MAYC (+5% to 14.8 ETH)

Several notable community members and traders noticed the price action and connected it to the new Blur "bid walls" on Twitter this weekend. As a part of their new Bid feature rollout, Blur has included new analytics allowing traders to see exactly where the bids are coming, by who, and in what amounts.

Infamous BAYC trader Franklin had this to say:

Another notable NFT trader, Cirrus, noted:

The increase in bid activity spiked volume in the market to levels not seen since May 2021, as reported on by NFT Statistics (@punk9059). Of the 30,000 ETH volume, 70 percent was recorded on Blur with a large contribution from Blur airdrop 3 farmers.

Regarding the "farming,", this was the typical mechanic spotted in the Blur market on Saturday: 

1) Farmers submitted bids at or near the floor for top-volume NFT collections like Azuki and MAYC, 2) bought NFT(s) via those bids, 3) immediately sold the NFTs to the highest bid on Blur, and 4) then rinsed and repeated.

This farming temporarily spiked floor prices for those collections, but those bid walls have since fallen and most gains have been erased.

Here are today's numbers, for those same collections (using floor prices on Blur):

  • Pudgy Penguins (-25% to 4 ETH)
  • Azukis (-20% to 11.4 ETH)
  • Otherdeeds (-19% to 1.1 ETH)
  • Clone X (-15% to 6.45 ETH)
  • MAYC (-8% to 13.6 ETH)

Let's take a look at Pudgy Penguins, for example. The current "bid wall" is now 1,038 ETH at the 3.75 ETH level. Compare this to Friday, when there was over 2,000 ETH of bid pressure on the Pudgy Penguins collection, and one will notice a significant reduction in liquidity and buy levels. It is a similar story for each of the collections noted here.

With bidding still earning rewards through the rest of the month, it will be interesting to see how this NFT market continues to react to this latest incentive.

 

Blur Bid Farming Wreaks Havoc on NFT Market This Weekend

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