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Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC) NFT collection, has published a simple article of the Otherside project. Metaverse will launch on the MSquared
Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC) NFT collection, has published a simple article of the Otherside project. Metaverse will launch on the MSquared network from the Improbable startup.
Today’s tech demo is over. Thank you to all Voyagers who participated: we’ll tweet here when your credit is available later today. If you’re already open for the Other Party, we’ve published a litepaper: https://t.co/XPlNEwPGCC. See 🧵 for more
— OthersideMeta (@OthersideMeta) 16 July 2022
“The document aims to convey and explain the principles of the platform, the potential of developers, and opportunities for co-creation within the community. Think [lite paper] As a step in the development of the project. Eventually, it will be replaced by an ever-evolving Codex,” the developers wrote.
According to the publication, Otherside is “a platform for creating worlds”. From the start of Improbable, MSquared (M²) will launch on the network of interoperable metaversions. M² uses a set of Project Morpheus technology components focused on optimizing network traffic and increasing processing efficiency.
The developers demonstrated the capabilities of the game engine during the demo launch of the project.
The launch of Otherside will take place in several stages. As part of the first phase, only NFT owners and “selected third-party developers” from the Otherdeed collection will have access to the platform. They will be able to complete The Voyager’s Journey story campaign and become the first content creators on the platform.
Yaga Labs introduced Otherdeed in May 2022. The company issued NFT of 55,000 at the price of 305 APE (about $5,300 at the exchange rate at the time). All tokens were sold in less than three hours.
The lite paper states that each Otherdeed token gives ownership of a piece of land in the virtual world. The developers noted that user management decisions will directly affect the cost of these sites.
The company will also release The Otherside Development Kit (ODK), a toolkit that lets you create content for the metaverse. Digital objects created with ODK can be moved between M² compatible worlds.
To exchange NFTs between users, Yaga Labs will launch Agora marketplace. Second, it is positioned as an economic hub for the Otherside.
Recall that in June 2022 the creators of BAYC were accused of using far-right symbols.
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I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
