It has been an immensely stellar year for the Bored Ape Yacht Club and Yuga Labs. We can tell you for sure they've been the most successful NFT project ever.
On the 19th of March, the creators of ApeCoin, Yuga Labs released a teaser trailer of their Metaverse on Twitter–Otherside.
See you on the Otherside in April. Powered by @apecoin-@YugaLabs
Otherside is expected to launch by 12pm ET on the 30th of April.
What is the Otherside?
From the teaser trailer we saw on the 19th of March, Otherside is the expansion of the Bored Ape Universe. It is also a Massively Multiplayer Online Game that will be connected to the Bored Ape Yacht ecosystem.
Snippets from the Twitter accounts of Otherside and YugaLabs deeply suggest that Otherside will offer interoperability between popular NFT collections like Coolcats and World of Women.
"Otherdeeds" which are 55, 000 parcel of Otherside lands has been made available for purchase at 9am ET, April 30th.
Creators wanted to use Dutch auctions for sales but later released a Tweet stating that Dutch Auctions were bullshit and they would be selling each Otherdeed for a flat price of 305 Ape.
Dutch auctions are actually bullshit, so Otherdeeds will be sold for a flat price of 305 ApeCoin 🧵.-@othersidemeta
One hour ago, Otherside announced that users can now pre-approve their KYC'd wallet to spend ApeCoin at Otherside.xyz. Also, pre-approval will be open until 9pm ET tonight, at which the Minting opens.
Crypto enthusiasts believe that the Bored Ape Yacht Club is estimated to make about $300 million dollars in sales for "Otherdeeds"
JUST IN: Bored Ape Yacht Club is estimated to make $300,000,000 in virtual land sales upon launching its metaverse tomorrow-@WatcherGuru
Read More: Metamask: Here is Everything you need to know
Prospects for ApeCoin
As at presstime, Apecoin is presently trading at $21 and reached an all-time high of $27. Also, Apecoin has reached the highest market cap attained by any Metaverse token. It has currently flipped TRX to be 24th Top Crypto in the world. Yuga Labs also recently announced that ApeCoin would be migrating to its own ecosystem to scale properly.
We expect ApeCoin to continue to moon if we are to take a cue from how Yuga Labs had been successful with the Bored Ape Yacht Club.