The famous startup Yuga Labs launched a demo version of its game this past weekend. They also released a litepaper that described the launch stages and technical details of the Otherside metaverse. Prior to that, there was a severe lack of information on the plans for this hyped project. And although the litepaper does not provide detailed answers, this new information has already led to an increase in the value of ApeCoin.
Otherside is a game platform for creating virtual worlds where the characters from NFT collections will be “inscribed” in the game. The bored monkeys from the iconic NFT collection Bored Ape Yacht Club (BAYC) will be the first to be included in the game’s storylines. In its time, this NFT collection brought fame to Yuga Labs, but now its copyright belongs to the owners through the APEDAO mechanism, which includes the owners of the token ApeCoin.
As a reminder, earlier, the popularity of this meta-universe project led to an abnormally record-high gas value of thousands of dollars on the Ethereum blockchain. We also wrote that Yuga Labs conducted testing in July to prepare for the launch of the Otherside demo.
Last Saturday, the game developed by Yuga Labs invited 4,300 self-selected players — so-called “Voagers.” It was a demonstration of the first technical features and an excursion through the online game platform. It was more of an overview tour than a standalone game, probably because the game itself is not yet technically complete.
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All 4,300 players who participated in yesterday’s digital tour of Biogenic Swamp (the center of the Otherside world) were owners of Otherdeeds.
The inability to fully launch the game turned First Trip into an excursion for players to the center of the Otherside world. Probably to somehow mitigate this awkward moment, the company also simultaneously released a litepaper that sheds light on the company’s upcoming plans.
Here are its main talking points:
ApeCoin rose by 15% over the weekend after the litepaper was published. The coin already grew by 48% over the last month. All this against the background of the decline in value of almost all crypto assets in the world. The project coin came close to the world’s top 30 most popular cryptocurrencies.
At the moment, the cryptocurrency market is stagnant due to the crypto-winter. The low number of construct and investment ideas attracts additional investor interest to ApeCoin because, against the background of the others, Yuga Labs shows stable and progressive development and continues to attract enviable interest from the public.
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