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Makers of the Otherside Metaverse Platform have Released the Litepaper

Yuga Labs, creators of the Bored Ape Yacht Club, (BAYC), non-fungible tokens, (NFTs), introduced the Otherside metaverse. The team also published the Otherside's paper....
Photo by Otherside.xyz

Yuga Labs, creators of the Bored Ape Yacht Club, (BAYC), non-fungible tokens, (NFTs), introduced the Otherside metaverse. The team also published the Otherside’s paper. According to the team, the document is a “starter guide for the Otherside”, and it includes foundational principles, the capabilities of its developers, as well as possibilities for community co-creation.

Other than Litepaper, Platform is a World-Building Platform that Provides an Exciting Environment for Play. Yuga Labs, the BAYC creators, released the Othersidemeta litepaper on July 16, 2022. The team tweeted: “If you are already hungry for more Otherside we have released a litepaper.”

The Otherside is a Bored Adept Yacht Club-fueled virtual world or metaverse that is comprised of 200,000 plots. Like other metaverse lands like The Sandbox and Decentraland, non-fungible tokens or NFTs are “Otherdeeds”. can be bought and sold openly.

Cryptoslam.io has collected seven-day statistics that show Otherdeed NFT sales as the third highest in terms of weekly NFT sale from specific collections. Otherdeed’s volume for the week ended on Tuesday was $8,540,000.410, an increase of 28.67% over the previous week.

The Otherside Litepaper website provides a complete overview of the metaverse, its possibilities and potential opportunities. Yuga Labs says, “In the future we look forward to see what new experiences and games the community can create in order to expand the possibilities for the metaverse.”

The website details “[The] Otherside” as a world-building platform. It offers an exciting environment for players to create, compete and connect. Users will initially experience Otherside via a narrative gaming experience (aka The Voyager’s Journey), co-developed and maintained by Yuga Labs, Improbable, and based upon the technology of M2.

This document is intended to be a guideline for the Otherside. It covers the foundational principles and capabilities of the platform’s developers as well as possibilities for community co-creation,” the Othersidemeta Twitter Account stated in its Saturday Twitter thread.

The Otherside metaverse adventure land adventure will begin with Phase 1 and all Voyagers can join in on the “11-part storyline around a mysterious Obelisk which has appeared in Otherside universe.”

Apecoin, the crypto currency that will be used to create the Otherside metaverse, has seen a 48.2% increase in value over the past month, outperforming many other crypto assets. While APE rose 10.6% over the last two weeks. 9.7% of those gains were made during the last 24 hours.

Apart from metaverse participants, the “First Trip”, Saturday was also a Voyagers-only trip. The litepaper website states that each subsequent Trip will be held on a different date to accommodate as many Voyagers possible. We will always announce specific details about the date and time on our official social media accounts.”

Vitalik Ivanov

Vitalik Ivanov

Vitalik is a speaker / journalist. He has spoken and given presentations at many blockchain events across the world. Vitalik is based in the UK, he loves to travel and calls Dubai his "crypto home". Vitalik has enjoyed speaking at blockchain events and has a main focus on CBDC's, NFT's and altcoins. Vitalik says "Everything, and i mean everything will be an NFT one day".
Vitalik Ivanov

Vitalik Ivanov

Vitalik is a speaker / journalist. He has spoken and given presentations at many blockchain events across the world. Vitalik is based in the UK, he loves to travel and calls Dubai his "crypto home". Vitalik has enjoyed speaking at blockchain events and has a main focus on CBDC's, NFT's and altcoins. Vitalik says "Everything, and i mean everything will be an NFT one day".

© 2022 The Daily Encrypt. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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