Bored Ape Yacht Club creators reveal Otherside metaverse launch date

Yuga Labs will launch the Otherside metaverse on April 30. Over the past 24 hours, sales of NFTs from the BAYC BAYC and MAYC collections rose by 18% and 108%, respectively.

Meet you there.https://t.co/qgI5RM4aov

— Yuga Labs (@yugalabs) April 23, 2022

Studio announced Otherside in March 2022. Yuga Labs did not disclose project details, but in the video released at the time characters from the BAYC, MAYC, CryptoPunks and Meebits appeared. The rights to the latter two were acquired in the same month.

Following the announcement, a Yuga Labs presentation leaked online. In the document, the authenticity of which the company did not confirm or deny, significant emphasis is placed on MetaRPG — a role-playing game that unites NFTs from previously launched collections.

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— Leonidas.eth 💀 (@LeonidasNFT) March 19, 2022

According to the presentation, NFT holders will be able to use them as in-game characters. The team will also release an SDK, enabling content creators to design their own NFTs.

The metaverse is allegedly set to comprise 200,000 land parcels, but initially the developers will release only half. 30% will be distributed via an airdrop among BAYC and MAYC holders. The remaining tokens will be put up for sale.

Each parcel has a number of unique characteristics. When purchasing territories, users will have a chance to obtain one of 10,000 unique NFTs of the new collection — Kodas.

78/ pic.twitter.com/julYbgRrNb

— Leonidas.eth 💀 (@LeonidasNFT) March 19, 2022

According to CryptoSlam, BAYC and MAYC sales surged significantly after the announcement. The average NFT prices from these collections hit historical highs of 135 ETH (~$398,600) and 35.5 ETH (~$104,800).

The ApeCoin token, associated with the Yuga Labs ecosystem, which is expected to play one of the key roles in the forthcoming metaverse, rose nearly 30% over the past week, according to CoinGecko. As of writing, the asset traded near $16.58.

In March, Yuga Labs raised $450 million from Andreessen Horowitz, Animoca Brands and other investors. The company was valued at $4 billion.

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