Bored Apes creator announced a new metaverse

The project called Otherside can be launched in April 2022

21.03.2022 - 12:00

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What’s new? Yuga Labs, the creator of one of the most popular NFT collections, Bored Apes Yacht Club (BAYC), is preparing to launch its own metaverse called Otherside. The announcement, with a video trailer of the virtual world, was posted on the Yuga Labs Twitter.

Source: Twitter.com

What is known about the new metaverse? The preliminary launch of the project is scheduled for April 2022. The APE token will be a native asset in the virtual worlds of the metaverse.

ApeCoin (APE) was released on March 17, 2022. NFT holders from the Bored Ape Yacht Club collection could receive the new tokens for free, with 15% of the APE issue allocated for distribution. In just two days after the launch, the price of the asset reached a high of $17,1, with ApeCoin trading at $10,47 as of March 21.

Yuga Labs had previously reported plans to create a gaming-focused metaverse called MetaRPG. It will be compatible with multiple NFTs. Another important component will be an APECoin token that can be used for purchases in the Yuga app. Whether the Otherside metaverse will become a separate project or part of the MetaRPG development plans is not yet known.

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