Otherside NFT Explained
The Otherside metaverse will incorporate various playable NFTs into its ecosystem.
The Otherdeed, the Koda NFTs and ApeCoin are some of the key components of Otherside.
Cryptopunks, World of Women, Bored Apes Mutant Ape Yacht Club, Cool Cats, and CrypToads are exAmples of playable NFTs which will be part of the Otherside metaverse.
Yuga Labs, Improbable, Andreessen Horowitz and Animoca Brands are the leading gaming companies that back the Otherside metaverse.
Keywords: Otherside, Otherside Land NFT, Otherside metaverse, Otherdeed for Otherside, Otherside ApeCoin, Otherside crypto, Kodas Yuga Labs, Cryptopunks, World of Women, Bored Apes, Mutant Ape Yacht Club, Cool Cats, CrypToads
Introduction
The emergence of non-fungible tokens (NFTs) and the adoption of Web 3 technology as well as decentralized finance (DeFi) have led to the development of the metaverse. Already, there are several trending metaverse platforms which include Decentraland, Sandbox and Axie Infinity. Today, we focus on the Otherside, a new baby in the metaverse space.
What is the Otherside NFT metaverse?
Otherside is a virtual world and a Massively Multiplayer Online Role-Playing Game (MMORPG) connected to the Bored Ape Yacht Club (BAYC) ecosystem. The platform has virtual lands which the players can own as well as various in-game characters that are in the form NFTs. One outstanding feature of Otherside is its ability to LINK with other gaming ecosystems.
The Otherside metaverse is interoperable which enables its users to move between it and other metaverses. Apart from the playable NFTs, the users will be able to use voice chats when interacting with other gamers. However, the game will not remain static over time but changeable to create an evolving experience.
More importantly, Otherside players will participate through various activities such as demos, tests and prototype builds which will help to improve the game design and interactive experiences. In a nutshell, the Otherside metaverse is a hybrid game with features of web3 platforms and web2 interactive games such as Dungeons and Dragons.
The Otherside metaverse- ThEcoinrepublic
The other interesting aspect is that the Otherside metaverse will incorporate playable NFTs from other NFT projects like Cool Cats, World of Women (WoWand) CrypToadz. Also, the game allows up to 10 000 players to participate at any time.
Who is behind the Otherside NFT World?
Yuga Labs, the creator of BAYC, is the company behind the Otherside metaverse. However, it is working with other big players in the gaming sector such as Animoca Brands, a gaming software company, which developed The Sandbox. Basically, Animoca Brands provides funding and technology for the Otherside Metaverse.
The other partner in the Otherside project is Improbable, a British technology company, responsible for enhancing interoperability with other NFT protocols, integrated into the system. There is, also, Andreessen Horowitz, a venture capitalist that has injected much funding in the Otherside Metaverse.
Read also: Bored Ape Otherside NFTs Sold For $319 Million And Burnt Over $170 Million On Transaction Fees
Major components of the Otherside Metaverse
In order to best understand the Otherside metaverse, let’s discuss its various components like Otherside land NFT, Otherside ApeCoin and Koda NFT.
Playable NFT characters
The Otherside Metaverse allows different NFTs to participate in the game as playable characters. This expands the scope of the game and attracts many users, creating diversity and increasing the demand for the Otherside ApeCoin. Also, the Otherside SDK enables the importation of other NFTs into the ecosystem. For exAmple CryptoPunks and Meebits will be part of the metaverse.
Otherdeed
Otherdeeds is a name of the plots of land that exist in the Otherside metaverse. They are Dynamic NFTs, meaning that they are changeable with the passage of time. As such, they will adopt other important traits and features in the future. Put differently, the Otherdeed will change based on how you use it in the game.
Already, the Otherdeed consists of various elements required in the game such as the environment, the resources, Sediment, artifacts and Koda. Each of these components has other attributes. For instance Sediment comprises Infinite Expanse (Tier 1), Cosmic Dream (Tier 2), Rainbow Atoms (Tier 3), Chemical Goo (Tier 4) and Biogenic SwAmp (Tier 5).
On the other hand, Sludge, Bog, Obsidian, Luster, Crimson, Glacia, Steppes, Thornwood, Ruins and other elements form the environment. The other categories of the Otherdeed are the atmospheric elements like Volcanic, Mineral, Growth, Decay, Harsh, Spirit, Chaos, and Psychedelic. Likewise, the elements of resources are ore or metal, anima for research root or wood and shard or stone.
In total, the Otherside has 200,000 Otherside Land NFTs. However, half of these have already been distributed. Still, the Otherside Metaverse land sale will also take place in future to enable other players to access the land NFTs.
What is Koda NFT?
Another important component of the Otherside metaverse is the Koda NFT. The Kodas refer to the mystical creatures that live within the Otherdeed metaverse and breathe life into the ecosystem.
The Kodas- NFTnow
Currently, the team has not provided much detail on how the Kodas Yuga Labs behave. What we already know is that the Kodas have various traits which include head, weapon, eyes, clothing and core.
Nonetheless, the Kodas are not stand alone units you can purchase but are traits of the Otherdeed for Otherside. The fact that there are 10, 000 Kodas in the first 100, 000 Otherdeeds shows how rare they are. This means that there is 1 in 10 possibility of getting a Koda when you buy the Otherdeed for Otherside.
Key issues of the Otherside NFT
What is also worth noting is that the Otherside Crypto, ApeCoin, will play a great role in the success of the metaverse. For exAmple, it is the utility token as well as the governance token. This means that players will use it to purchase some of the metaverse components such as the Otherdeed. Its holders will also participate in the DAO’s decision making regarding events, games, services and merchandise.
The Otherside also has a marketplace where the players and other users will buy and sell in-game items such as Kodas. As said, the participants will only use ApeCoin, an ERC-20 token.
How to get involved in Otherside?
The key thing to do if you want to participate in the Otherside metaverse is to buy or mint the Otherside Land NFTs. The players can purchase these on secondary markets such as OpenSea. However, note that you cannot purchase the other components like Kodas, artifacts and resources from the secondary market. This is because they are an integral part of the Otherdeed.
Otherside metaverse: Price history
As said earlier, ApeCoin is the utility token of the metaverse. Therefore, issues surrounding the metaverse and BAYC affect its demand. When the news of the Otherside and its associated components, the Otherdeed and Kodas, reached the market, the ApeCoin gained significantly.
Even when the prices of other cryptocurrencies were falling, in 2022, it maintained an upward trend for a long time. However, a crashing of the system as well as high gas fees led to the ultimate fall in its price. For exAmple, its value fell from a peak of $24.83 to $5.29 within 10 days. The following chart shows ApeCoin’s price movement from April 2022 to early February 2023.
ApeCoin’s price movement- CoinGecko
As you note on the chart, the price of ApeCoin fell from $23.63 on 29 April 2022 to around $5.00 in May of the same year.
What is the future for the Otherside metaverse?
The Otherside metaverse has started on a high note with the backing of wealthy individuals and leaders in the gaming sector. Also, it has a solid foundation in the form of the BAYC ecosystem and the integration of several NFTs.
The incorporation of other playable NFTs from other gaming protocols is its greatest driver. As mentioned, the Cryptopunks, World of Women, Bored Apes, Mutant Ape Yacht Club, Cool Cats, and CrypToads are all part of the ecosystem. However, more NFTs will be incorporated in the future.
Again, many people who hold the ApeCoin have the chance to participate in its DAO activities which should bring needed improvements and support. However, Otherside’s reliance on the Ethereum blockchain seems to slow down its growth momentum. Still, many people hope that the future Ethereum upgrades will solve the key issues affecting the Ethereum network such as high gas fees.
Conclusion
The Otherside metaverse promises much to the gaming community since it integrates many NFTs from other projects. Interestingly, up to 10, 000 players can participate at once and interact using voice chat which creates a unique interactive and gaming experience.
FAQs about Otherside NFT Metaverse
What is the Otherside metaverse?
The Otherside metaverse is a virtual online role playing game which incorporates many playable NFTs. Cryptopunks, World of Women, Bored Apes, Mutant Ape Yacht Club, Cool Cats, and CrypToads are incorporated into the metaverse.
Who created the Otherside metaverse?
Yuga Labs created the Otherside Metaverse as an immersive game which has features of both Web 3 and web 2 games. However, it collaborated with Andreessen Horowitz, Animoca Brands and Improbable.
When can you play the Otherside metaverse?
An individual plays the Otherside metaverse once he/she has purchased the Otherdeed. Note that the Otherdeed is accompanied by other important elements such as the Kodas.
What is Otherdeed?
Otherdeed is a plot of the virtual land in the Otherside metaverse which exists as a Dynamic NFT. It contains various elements such as environment, the resources, Sediment, artifacts and Kodas.
What is Koda Otherdeed?
The koda Otherdeed means the different characteristics which are tied to the land, which a buyer acquires when he/she buys the Otherdeed. These include Kodas which are creatures that exist in the Otherside metaverse.
