For anybody that has been following the occasions within the digital foreign money ecosystem very nicely, Yuga Labs can be a distinguished title that may be reckoned with.
That is partly for being the brains behind probably the most prestigious Non-fungible Token (NFT) collections within the ecosystem, together with Bored Ape Yacht Membership (BAYC) and CryptoPunks.
Whereas the Yuga Labs names won’t have been resounding sufficient, the Bored Ape model should have been. Final week, the staff additionally floated the ApeCoin (APE) token, which rose to develop into the very best performer as detailed by Blockchain.Information. Whereas many might need applauded Yuga Labs for championing improvements and ecosystem utilities within the digital foreign money ecosystem, the staff has teased one other undertaking slated for April.
The undertaking is called ‘Otherside’, and the teaser featured an animated Bored Ape NFT smoking Tobacco in what seems to be a metaverse-themed world. The Bored Ape made connections with different Yuga Labs-backed NFT collections housed in what seems to be like a spaceship. Apart from the intriguing teaser, no extra element was shared that may trace at what the Otherside is prone to seem like.
With the popularity that Yuga Labs has earmarked for itself within the NFT world, everybody, as gleaned on Twitter following the announcement, is fastening their seatbelt to develop into an early participant within the undertaking. It’s recognized that the NFTs from Yuga Labs have enriched lots of people, and the staff has continued to increase its affect within the rising Web3.0 and metaverse worlds by buying the IP rights to the CryptoPunks and Meebits collections.
No matter plan Yuga Labs might search to point out forth with the Otherside, it has no detailed plans to be unique to holders of its collections, the best way the ApeCoin token was airdropped to holders of BAYC. This flexibility will make the Otherside even a extra aggressive undertaking to take part in when the product is absolutely unravelled.
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