“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.

Adshares is a decentralized internet ad platform or network that is revolutionizing the advertising industry. It was launched in June 2017 and is based on blockchain technology. The sort of blockchain used here is known as ESC, or Enterprise Service Chain, and it is what fuels the Adshares network. It is entirely based on smart contracts, which are in charge of storing all tokens and funds.

It supports programmatic advertising and is built on a peer-to-peer mechanism. It allows advertisers and publishers to trade directly because it does not rely on a centralized ad exchange to work. Machine learning techniques are being used in its development. Brand Sabbath, Cryptopia, Bio info bank, and Pigeon are among its partners.

ESC allows for simple, immediate, and quicker transactions, which are just token transfers between different accounts. In ESC, account organization is done in a hierarchical way. On the basis of the ‘Proof–of–stake’ principle, transaction blocks are created at regular intervals.

VIP nodes are nodes that have complete control over their users’ accounts. These nodes collect information about local account transactions and afterwards send the information to the blockchain network.

During the ICO pre-sale, this platform must deliver a minimum of one million US dollars ($1 million). The platform’s co-founders are Jacek Zemlo and Dr. Leszek Rychlewski.

Adshares tokens are referred as as ADST or Adshares tokens, and they are ERC – 20 compatible. With these ERC – 20 tokens, conversion is also available. The entire supply of Adshares coins determines the price. 1 Ethereum currently has a value of 2500 ADST.

The rise in token price is $0.01 for every 1,000,000 tokens issued. This platform’s funds are shared between marketing, product development, advertising, and partnerships. When a user wishes to use the Adshares network, he needs to use an API to create an ESC blockchain account. Publishers can use the ESC blockchain to discover relevant and valuable advertisers. The ADS token is available on the Graviex exchange.

What Sets AdShares (ADS) Apart From the Competition?

It has a straightforward and efficient architecture with a high performance rate. Because of the increased competition, it only applies relatively minimal fees. This means that transactions can be done at a lower cost. It is extremely resistant to censorship. It can hold an infinite number of tokens until it reaches the target. It is primarily focused on micropayments and is created solely to improve performance. With an inherent 2FA and a separate two-tier node topology, it provides excellent security. It can even transfer data at speeds of up to 100k per second, ensuring outstanding performance. It pays dividends to all token holders in the system, regardless of whether they mine. It eliminates all of the platform’s potential risks. It provides a variety of rewards to its loyal customers. Because of its light weight clients, it can be accessed via cellphones.