“See you on the otherside in April,” Yuga Labs tweeted on March 18, 2022. This caused a fire storm of activity by more than 1.8 million enthusiastic gamers watching the attached teaser trailer indicating that Bored Ape’s Metaverse debuted. But what exactly is Otherside? This is discussed in more detail below, along with the many ways Yuga Labs decided to take advantage of NFTs. Buckle Up-It’s going to be a wild ride!

What is the otherside? The other side is the 3D Metaverse, which seems to provide a game format for boring Ape NFT holders. Otherside was developed in collaboration with Animoca Brands and uses ApeCoin. 4,444 members of the boring Ape Yacht Club (BAYC) were invited to hang out on the other side at launch in April. This has been of great interest, especially since it was announced the day after Yuga Labs debuted ApeCoin (symbol: APE). ApeCoin is available in all major crypto exchanges and is reported to play a major role in the Bored Ape Metaverse.
Clear the Stage was a teaser trailer that showed the boring monkey fishing protagonist to the Doors’ “Break On Through” song. He initially catches a bottle labeled “Drink Me”. But when he does, the full text of the bottle becomes apparent as “Don’t drink me.”

This reference to Lewis Carroll’s Alice in Wonderland provides some information about what to expect from the boring monkey Metaverse. The ones that are up should be down and the ones that are big should be small. And all players need to be able to use these things to create the land they really want. If this sounds exciting to you, you are not alone. Go back to the
video and watch the boring monkey ecosystem warp and move to the other side for the next minute. The NFT hero smoking a cigar is then literally shaken off in a wild flight across the BAYC Metaverse. The trailer features a number of NFT characters such as Bored Ape, CryptoPunks, Mutant Apes, The Meebits, Cool Cats, CrypToadz, World of Women, and Nouns.

So, what`s the purpose of all of this? Yuga Labs intends their Bored Ape metaverse to be an MMORPG that will connect the broader NFT universe. In other words, this seems to be a huge hint from Yuga Labs that now might be the time to get into NFTs if you haven’t done so yet.
What Do We Know About Otherside? There isn’t much that is officially known about Otherside. Fortunately, a recent pitch deck leak has filled in many missing details. It’s possible that some of what follows won’t end up in the BAYC metaverse, but the odds are high that the majority of it is correct.

One of the defining parts of Otherside is how Bored Ape plans to monetize it. Not only will ApeCoin be the ingame currency but they’re also planning the sale of land tokens. The good news is that land and customizable NFT avatars can be purchased with ApeCoin. So, if you’ve already invested in ApeCoin, you’re good to go! If not, now may be the time to invest.
According to the pitch deck, Bored Ape indicates that “We want to build something that expands the universe of the BAYC, but also invites the larger NFT community (and those priced out of BAYC membership) to join.” This has understandably made fans of NFTs pretty excited, especially when you consider that the ground floor price to join the BAYC is currently around $300,000.

Partnerships and Memberships

The partnership between Bored Ape and Animoca Brands will possibly provide integration with The Sandbox. For those who don’t know, The Sandbox is a mobile game that was initially released on May 15, 2012, by the mobile games studio Pixowl. When Pixowl was acquired by Animoca Brands in 2018, they used The Sandbox’s name to launch a blockchainbased 3D open world game.

Since then, sandboxes have made a name for themselves by selling virtual lots to players. They also got celebrities to promote the game by giving virtual lands to Snoop Dogg and Ritchie Hortin. All of this led to the creation of the Sandbox Metaverse, which is now the alpha version. One player paid an estimated $ 449,766 to become a virtual neighbor of Snoop Dogg.
Does the boring monkey ecosystem do the same? It seems likely. After all, Justin Bieber has a crying monkey NFT that cost him $ 1.3 million. Other prominent fans of Bored Ape NFT include Jimmy Fallon, Paris Hilton, Eminem, Mark Cuban and Shaquille O’Neal. There are rumors that Elon Musk recently bought a Bored Ape NFT, even though he was openly ridiculing the NFT.

Increased interest and rising prices

How much do people are willing to pay to become a virtual neighbor of Justin Bieber and others? Only time is known, but it’s certainly part of the $ 356 million Yuga Labs that wants to raise between two separate land sales in 2022. The Bored Ape ecosystem seems ready to welcome a large number of people. And you can be assured that celebrities are playing their part. Even before the BAYC Metaverse was announced, the Bored Ape NFT collection had sold over $ 1 billion. As the Bored Ape Metaverse is about to be released, these irreplaceable tokens are ready to be redeemed for a much higher amount.

The main goal of the Bored Ape metaverse is to build an overarching platform where ingame skins and minigames can be developed. This could provide a lot of value to Bored Ape NFT holders, who will soon be able to explore everything the BAYC metaverse has to offer. If the Bored Ape ecosystem becomes a proven commodity, it has the potential to become a much bigger environment than other similar virtual spaces.
For instance, one existing metaverse, Decentraland, has had many growing pains. As of 2021, there were only around 1,600 users, and many of these may no longer be active. Despite Decentraland raising $ 26 million in its first coin offering in 2017, the 3D Metaverse has been widely criticized for its long load times and poor moderation. If the Bored Ape Metaverse turned its attention to the blunder of Decentraland’s 3D release, they may have taken steps to make the product better accepted. It is now well known that properties cannot be simply placed in virtual space to achieve them. This means that the BAYC Metaverse needs to provide something of true value in order to keep users logged in.

What to expect

I don’t know exactly what it’s worth, but the teaser trailer alone has hope. The Bored Ape ecosystem seems to offer players a wide range of customizable virtual land options as long as they are willing to shell out ApeCoin. If you’re hesitant to buy a NFT, Bored Ape’s Metaverse may be just right. It’s okay to buy ApeCoin, which has been doing great things lately. This shows consumer confidence in the adoption of the BAYC Metaverse. There is also news that
Yuga Labs has mediated a large deal with Larva Labs. As we now know, this will give the BAYC metaverse access to The Meebits and CryptoPunks NFTs, which used to be owned by Larva Labs. When the deal was announced, a new valuation of Bored Ape came out that placed them at a whopping $5 billion.

Sotheby’s, the British auction house founded in 1744, has gotten increasingly closer to stamping its presence in the digital art space since 2021 began. As a result, it is not surprising that it is strongly associated with non-fungible tokens (NFTs), knowing that digital artists frequently embrace blockchain technology and profit on NFT trends. Though this is a fact, Sotheby’s took things a step further by introducing Sotheby’s Metaverse, an NFT-focused platform where artists, collectors, and art enthusiasts can sell, buy, and see some of the most notable NFT arts.

On October 14, 2021, Sotheby’s Metaverse was launched to accommodate all of Sotheby’s future NFT transactions. The platform is believed to include some of the technological breakthroughs that enable flawless NFT auctions and to provide the same level of experience as more established NFT marketplaces such as OpenSea and Nifty Gateway. The goal is to build an immersive NFT environment while maintaining the high operational standards that are required of a blue-chip auction house.

More specifically, the site accepts cryptocurrency payments. As a result, it’s safe to assume that Sotheby’s is going all out to cash in on the NFT frenzy and play a key part in the growing digital art market.

The Way Sotheby’s Metaverse Works

As previously stated, Sotheby’s Metaverse, like OpenSea, is an NFT marketplace. The only difference is that, unlike OpenSea, Sotheby’s auctions aren’t held on the blockchain. To buy NFTs on Sotheby’s, new users must first make an account, just like on any other NFT marketplace. As part of the regulations placed on buyers, you will be required to complete a declaration statement in which you will be required to provide a billing address as well as supporting evidence. Sotheby’s will issue an invoice as well as a payment link for the NFT you wish to purchase once all of the documentation, including a government-issued ID card, has been verified.

What Sets Sotheby’s Metaverse Apart From the Competition?

• Centralized Framework

There is little question that this NFT marketplace uses a centralized structure where Sotheby’s acts as an intermediary between the artists and the clients because clients must go through an intensive identity verification process and auctions are performed off-chain.

• Suited for Hybrid Payments

Buyers on Sotheby’s Metaverse have the option of paying in fiat currency or cryptocurrency. Bitcoin, USDC, and Ether are the supported cryptocurrencies. It should be noted that payments from self-hosted wallets are not accepted by the platform.

• Buyer’s Premium

Except in circumstances when these fees are removed, the bidder is expected to pay a Buyer’s Premium and a 1% Overhead Premium for each winning bid. The Buyer Premium varies between 13.9 percent and 25 percent, depending on the buyer’s location and the hammer price of the NFT in question.

• Responsive Bidding

Sotheby’s offers a responsive bidding system that automates buyers’ bids up to their defined maximum bid amount. To put it another way, if you have the highest bid for an NFT and are outbid by another buyer, the system will automatically raise your bid to keep you as the lead bidder. It’s important to note that the cost of this responsive bidding infrastructure will not surpass the maximum amount you’re willing to pay for the NFT.

Let’s take a look at Highstreet (HIGH), a P2E (play-to-earn) MMORPG with an open-world metaverse platform that allows players to shop and play games.

Highstreet (HIGH) is the 28th project in the Binance Launchpool, and its open-world metaverse environment makes it possible for anybody to play and receive rewards. Users can earn tokens, boost their rank, and obtain NFTs by participating in in-game activities such as quests, social events, and so on. HIGH tokens are required to continue in the game and can be used to purchase virtual real estate and special products, as well as stake and participate in governance.

The Way Highstreet (HIGH) Works

Highstreet is a play-to-earn metaverse that combines commerce, gaming, NFT, and crypto activities into a single MMORPG experience. It improves real-world objects by turning them into in-game items.

Fully automated checkout with e-commerce has recently reduced the social aspect of shopping. Highstreet revolutionizes e-commerce and retail for the metaverse and Web3 eras. This is accomplished by tokenizing things and converting them into “phygital” objects that may be swapped for real goods or partial NFTs that allow customers to buy just the digital component or the complete phygital pair.

Highstreet’s play2earn strategy is built on producing long-term income and creating value through brand agreements.

The continent of Solera, as well as an ever-expanding archipelago of mysterious islands and regions, are all shaped by market forces in the Highstreet World metaverse.

Each of the hexagon tiles that make up Highstreet World represents a metaverse construction component. Highstreet Regions are made up of 50 hex tiles, with Residential Properties having their own set of reserved tiles. In this planet, players can purchase and develop individual tiles as well as large territories.

The Approach Behind Establishing Highstreet (HIGH)

Highstreet is a decentralized metaverse based on an MMORPG game where typical and crypto companies can use the merchant gateway to provide a Shopify-like gaming experience for their brands, with an easy-to-use user interface built on the Metaplex protocol that allows businesses to quickly set up their brands on both web3 and Highstreet World. Since its creation, Highstreet has aimed for interoperability, and a number of industry leaders have already combined with the Highstreet metaverse as a service layer, including exchanges like Binance, chains like Avax, and funds like Republic and Animoca.

Aside from cryptocurrency, brands like Balenciaga and LVMH are expanding their reach into video games to attract new costumers. As the popularity of NFTs grows, several brands are expanding their on-chain presence, such as Adidas with their own Bored Ape and Harvey Nichols with their own NFT drops.

Although entertainment is the future of retail and industry, many businesses are unqualified to design and produce full-scale games, and Highstreet is using this opportunity to define the next generation of shopping. Highstreet can be used by both established and new businesses to develop virtual stores on web3 and in the metaverse using a Metaplex Merchant Portal. Highstreet World is a massively multiplayer online role-playing game in which everything in the game is real-world merchandise.

What Sets Highstreet Apart From the Competition?

• A Dual Token Economy Approach

Highstreet has implemented a dual token economy approach, with STREET tokens serving as in-game currency alongside HIGH tokens in Highstreet World. It helps to ensure that later players have an equal chance to enjoy the game without experiencing high inflation while also fairly rewarding early players.

• Real Estate in the Virtual World

Highstreet is made up of hexagon-shaped property plots that will be leased to real-world businesses so that they may build in-game facilities such as clubs, stores, and homes. Through the Initial Home Offerings (IHO), users can purchase their own “homes” in various locations across Highstreet World.

• Virtual Reality (VR) Technology

Highstreet was created with the idea that players would be fully immersed in virtual worlds, as well as the rapidly expanding VR equipment that is currently available.

Where to Use Highstreet (HIGH) Token?

When you buy HIGH, you can use it to buy items on the limited edition marketplace and receive a transaction fee when your HIGH is staked in the pool.

In Highstreet World, HIGH is also used to buy real estate.

Residents will be able to vote on regional issues as Highstreet World develops. Residents, for example, will be able to vote on which islands will be showcased once user-generated content is enabled in the game.

You will also have the option to participate in governance if you are a holder of HIGH. Ownership of the game will progressively move from the Highstreet Development team to the HIGH players and holders.

Owners of HIGH tokens will soon be able to vote on merchant concerns and sell items in Highstreet World.