Fun

Yuga Labs Drops Otherside Litepaper — Document Covers the ‘Foundational Principles’ of the Metaverse Platform

News Feed - 2022-07-18 05:07:48

Yuga Labs Drops Otherside Litepaper — Document Covers the "Foundational Principles" of the Metaverse Platform


Following the introduction of the Otherside metaverse and the apecoin (APE) launch, Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs), published the Otherside’s litepaper. The team says the “document serves as a starter guide for the Otherside, [and] it covers foundational principles of the platform, capabilities of its developers, and possibilities for community co-creation.” Otherside Litepaper Says Platform is a World-Building Platform That Provides an Exciting Environment to Play BAYC creators Yuga Labs via the Othersidemeta Twitter account released the BAYC and NFT-based metaverse litepaper on July 16, 2022. “If you’re already hungry for more Otherside, we’ve released a litepaper,” the team tweeted. Essentially, the Otherside is a Bored Ape Yacht Club-fueled metaverse or blockchain virtual world that is made up of 200,000 plots of virtual land. Similar to other metaverse lands from projects like Decentraland and The Sandbox, non-fungible tokens (NFTs) “Otherdeeds” are bought and sold on the open market. Image from the Otherside litepaper’s web portal. Seven-day statistics collected from cryptoslam.ioindicates that Otherdeed NFT sales are the third largest in terms of weekly NFT sales from specific collections. This past week, Otherdeed sales saw $8,540,410 in volume, which is up 28.67% higher than the week before. The Otherside Litepaper websitegives a full summary of the metaverse and the possibilities and opportunities it can offer. “In the future, we look forward to seeing what new experiences and games our community can create to expand the possibilities of the metaverse,” Yuga Labs explains. “[The] Otherside is a world-building platform that provides an exciting environment to play, create, compete, connect, and explore together,” the website details. “Initially, users will experience Otherside through a narrative gameplay experience (aka The Voyager’s Journey) co-developed by Yuga Labs and Improbable and based on the technology from M².” “This document serves as a starter guide for the Otherside. It covers foundational principles of the platform, capabilities of its developers, and possibilities for community co-creation,” the Othersidemeta Twitter account said in its Twitter thread on Saturday. The Otherside metaverse land adventure will start with Phase 1, and all Voyagers are invited to join in on an “11-part storyline surrounding a mysterious Obelisk that has appeared in the Otherside universe.” Meanwhile, apecoin (APE), the crypto asset that will be used in the Otherside metaverse has increased by 48.2% during the last month outperforming most crypto assets in recent times. While APE jumped 10.6% during the last two weeks, 9.7% of those gains came during the past 24 hours of trading. Otherside metaverse participants engaged in the “First Trip” on Saturday, which was one of several trips Voyagers can partake in. “Each subsequent Trip will take place on a different date in order to accommodate as many Voyagers as possible,” the litepaper website adds. “Specific details on date and time will always be announced on our official social media accounts.” Tags in this story APE, APE trading, Apecoin, Apecoin Gains, BAYC, Bored Ape Yacht Club, litepaper, M2, nft, NFTs, Non-fungible Token, Otherdeed, Otherdeed Collection, Otherdeeds, Otherside, Otherside Land, Otherside litepaper, Otherside metaverse, Otherside Plots, Othersidemeta Twitter account, Yuga Labs, Yuga Labs BAYC


What do you think about Yuga Labs releasing the Otherside litepaper on Saturday? Let us know your thoughts on this subject in the comments section below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today. Report: Equitiesfirst Named as ​​Mystery Debtor to Celsius, $439 Million Owed to Crypto Lender NEWS | 7 hours ago Over Half of This Year’s Financial Pyramids in Russia Involved Crypto, Bank of Russia Finds NEWS | 15 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons, Otherside litepaper website, Previous articleWhite House Reporter Says Inflation Has Become ‘Biden’s Political Nightmare’ as Critics Slam Government Spending Next articleParaguayan Senate Approves Cryptocurrency Bill Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItRipple CEO: SEC Lawsuit Over XRP "Has Gone Exceedingly Well"


The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments Goldman Predicts US Recession Odds at 35% in 2 Years, John Mauldin Wouldn"t Be Surprised if Stocks Fell 40% Survey: Adoption in Argentina Grows, With 12 out of 100 Adults Having Invested in Crypto Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing

News Feed

Ciaran Lyons2 hours agoBitcoin bought by corporate giants should not be feared — Michael SaylorDuring a recent podcast interview, Michael Saylor explained that Bitcoin being bought and custodied by corporations should
Yuga Labs Sues Artist Ryder Ripps for ‘Scamming Consumers’ and Misusing Bored Ape Trademarks
Yuga Labs Sues Artist Ryder Ripps for "Scamming Consumers" and Misusing Bored Ape Trademarks The creators of the popular non-fungible token (NFT) project Bored Ape Yacht Club (BAYC
Coinbase sponsors WNBA cup, hosts fans at women’s sports bars
Derek Andersen9 hours agoCoinbase sponsors WNBA cup, hosts fans at women’s sports barsCoinbase treated women’s sports fans to a comparatively sober night out.2509 Total views11 Total sharesListen to article 0:00NewsO
Coinbase CEO Brian Armstrong: AI ‘should have crypto wallets’
Tristan Greene7 hours agoCoinbase CEO Brian Armstrong: AI ‘should have crypto wallets’Armstrong’s statements come as Coinbase launches a $15K bot accelerator.1285 Total views3 Total sharesListen to article 0:00News
100,000 Micro Bitcoin Futures Trade on CME Exchange in First Six Days
100,000 Micro Bitcoin Futures Trade on CME Exchange in First Six Days More than 100,000 micro bitcoin futures traded on CME in the first six days since launch, t
Do Kwon Interview Explains He’s ‘Devastated’ by LUNA Collapse, Says ‘There’s a Difference Between Failing and Fraud’
Do Kwon Interview Explains He"s "Devastated" by LUNA Collapse, Says "There"s a Difference Between Failing and Fraud" During a recent interview with the Wall Street Journal (WSJ), T
Ethereum MVRV Ratio Nears 160-Day MA Crossover – Accumulation Trend Ahead?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Proposals for New Common Currency Resonate in Latam, to Undermine US Dollar Dependency
Proposals for New Common Currency Resonate in Latam, to Undermine US Dollar Dependency Two new proposals for a new common currency to be established in Latam have been made recentl
Nicolas Maduro Tempts West With an Abundance of Oil and Gas, Venezuelan President Wants Sanctions Lifted
Nicolas Maduro Tempts West With an Abundance of Oil and Gas, Venezuelan President Wants Sanctions Lifted Amid the economic rumblings across the world and the energy crisis in Europ
William Suberg18 hours agoBitcoin support levels to watch as BTC price aims at $28KBTC price still has “heavy support” at the $28,000 mark, with confidence in place that Bitcoin can avoid a deeper retracement.5251 To
Dvision Network Bringing a New NFT Experience on Enjin Blockchain Network
Dvision Network Bringing a New NFT Experience on Enjin Blockchain Network sponsored Dvision Network has emerged as one of the fastest-growing NFT and blockchain g
Bitmex Co-Founder Arthur Hayes Says Bitcoin Could Drop to $30K Amid a Stock Market Rout
Bitmex Co-Founder Arthur Hayes Says Bitcoin Could Drop to $30K Amid a Stock Market Rout The co-founder and former CEO of Bitmex, Arthur Hayes, has published a new blog post concern