Yuga Labs' Otherside Metaverse to Launch 'Second Trip' on March 25

The Bored Ape parent company will allow up to 10,000 holders of its Otherdeed NFTs to participate in the second gamified test of its Otherside metaverse platform.

AccessTimeIconMar 9, 2023 at 2:17 a.m. UTC
Updated Mar 9, 2023 at 3:32 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Bored Ape Yacht Club parent company Yuga Labs on Wednesday announced new details for the second test of its gamified Otherside metaverse platform.

According to the company, the "second trip" will take place on March 25 and will include a two-hour narrative experience led by four Otherside team captains. The second trip is open to holders of Otherdeed non-fungible tokens (NFT), which are linked to land in the as-of-yet unreleased Otherside metaverse. Each holder, referred to as a "voyager," will have the opportunity to invite a guest to join them in the experience.

According to the company, the massive live experience will accommodate up to 10,000 voyagers on a first-come-first-serve basis. Non-holders can also watch a live stream of the event on the company's YouTube channel.

Yuga Labs hosted its "first trip" in July 2022 for over 4,600 players, which resulted in major congestion on the Ethereum network. Voyagers on the second trip who attended the first trip will be eligible to earn a unique Obelisk Piece linked to the overall Otherside narrative.

Yuga Labs co-founders Wylie Aronow and Greg Solano told CoinDesk in December the company views The Otherside as the intersection of all the projects under its brand umbrella. The company first teased its metaverse ambitions in April 2022 as a platform where players could own land and turn their existing NFTs into playable characters. Yuga Labs initially sold 55,000 Otherdeed NFTs linked to virtual land ownership, raking in about $320 million in primary sales.

According to OpenSea, Otherdeed NFTs have done 524,130 ETH (about $806 million) in total sales to date. The floor price for an Otherdeed NFT at the time of publishing is 1.9 ETH, or about $2,920.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Rosie Perper

Rosie Perper was the Deputy Managing Editor for Web3 and Learn, focusing on the metaverse, NFTs, DAOs and emerging technology like VR/AR. She has previously worked across breaking news, global finance, tech, culture and business. She holds a small amount of BTC and ETH and several NFTs. Subscribe to her weekly newsletter, The Airdrop.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.


Read more about