Bored Apes: Otherside metaverse surpasses $1 billion in NFT sales
Bored Apes: Otherside metaverse surpasses $1 billion in NFT sales
Metaverses

Bored Apes: Otherside metaverse surpasses $1 billion in NFT sales

By Amelia Tomasicchio - 18 Jul 2022

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Bored Apes finally opened the Otherside metaverse for an initial tour for collectors who bought NFTs of OtherDeed lands.

However, the opening of the metaverse was only a trial run, a kind of test run by 4300 people, dubbed “Voyagers,” who were able to try out the project’s demo, called “Biogenic Swamp”.

After this test trip, Yuga Labs, the company that owns the Bored Apes collection, also released a litepaper “to communicate and explain principles of the platform, capabilities of its developers, and possibilities for community co-creation”, it reads. 

The principles outlined in the paper, as one might expect, follow the mantra “Built for the Community”, i.e. collectors of Bored Apes and OtherDeed who are thus rewarded with special events and the opportunity to create and express themselves on the metaverse.

“Developers and Voyagers will be able to get their hands dirty by using and giving feedback on software development kits (SDKs), and more casual players will be able to use in-game building tools to their hearts’ delight”,

the litepaper explains.

An important part described in the paper is also interoperability, which the project team is working on to make available in the future:

“Otherside will support interoperability in the future, giving Voyagers a chance to bring their own outside collections and NFTs to life within our metaverse”.

The Bored Apes metaverse roadmap

Otherside’s lite paper also describes the project’s development roadmap. 

The steps are manifold but only the first ones are described:

  • First trip, which is the first demo of the game that has now been launched;
  • The codex, which is the phase where users will be taught how to link lands and build on them. An ODK (Otherside Development Kit) will be launched, which is a set of tools for developers to create content;
  • Koda Origins// the decoupling;
  • The Growth;
  • The Agora: the marketplace on which items from the metaverse can be bought and sold.
  • The Dream;
  • The Choice;
  • The settling;
  • The toolkit;
  • The Rift.

Records of Yuga Labs’ NFTs

The OtherDeed collection, launched also by Yuga Labs, has surpassed $1 billion in sales.

OtherDeed comprises an impressive 100 thousand NFTs and currently on OpenSea exceeds 320 thousand Ethereum in trading volumes, which includes all trades between the primary and secondary markets.

OtherDeed’s NFTs are used to claim land in the Otherside metaverse. Actually, as explained in the litepaper, these OtherDeeds are much more than lands: they represent a token for accessing the land and creating assets in the metaverse. Furthermore, each OtherDeed has its own history. The Plot, as it is defined on the paper, is a set of elements and features that define the land itself.

At the time of writing this article, the most expensive land recently sold is 333.33 ETH, or €480k.

The APE token

Meanwhile, the APE COIN token (APE) has risen 10% in the past 24 hours, settling above $5, according to CoinMarketCap data. 

In the past month, the token has risen as much as nearly 50% in value.

Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for several international crypto-related magazines and CMO at Eidoo. She is now the co-founder and editor-in-chief of The Cryptonomist. She is also a marketing teacher at Digital Coach in Milan and she is writing a book about NFTs for the Italian publishing house Mondadori, while she is also helping artists and company to entering in the sector.

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