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What Is Otherside: Everything To Know About the Bored Ape Metaverse

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“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.

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Interesting Knowledges About Satoshi Nakamoto’s Identity

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silhouette of man
  • Who is Satoshi Nakamoto? Satoshi Nakamoto is the pseudonym used by the unknown person or group of people who created Bitcoin, the world’s first and most widely used decentralized digital currency. Nakamoto’s true identity has never been revealed, and the individual or group behind the pseudonym has remained anonymous.
  • Hal Finney, Nick Szabo, and Adam Back as potential candidates for the identity of Satoshi Nakamoto Hal Finney, Nick Szabo, and Adam Back have all been suggested as potential candidates for the identity of Satoshi Nakamoto, the pseudonym used by the creator of Bitcoin. However, none of these claims have been independently verified and the true identity of Nakamoto remains unknown.
  • How to determine the identity of Satoshi Nakamoto If one were trying to determine the identity of Satoshi Nakamoto, they might consider using a variety of investigative techniques and tools, such as analyzing the writing style and language used in written materials attributed to Nakamoto, examining the technical expertise required to create Bitcoin, analyzing the timing of the release of the Bitcoin white paper and the first block, and examining the online activity of potential candidates.
  • Is there any secret message on the nickname “Satoshi Nakamoto”? There is no evidence to suggest that the pseudonym “Satoshi Nakamoto” has any hidden or secret meaning. The name was chosen by the individual or group behind the pseudonym as a way to remain anonymous while publishing the Bitcoin white paper and creating the Bitcoin network.
  • Relationships between Satoshi Okamoto, the cypherpunk movement, Hal Finney, Dorian Nakamoto, and Bitcoin Satoshi Okamoto is a Japanese philosopher and economist who is not known to have any direct connection to the development of Bitcoin or the cypherpunk movement. Hal Finney was a computer scientist and cryptographer who was an early adopter of Bitcoin and is known to have had a close relationship with the individual or group behind the pseudonym “Satoshi Nakamoto.” Dorian Nakamoto is a person who was incorrectly identified in a 2014 article as being the creator of Bitcoin. Dorian Nakamoto has no known connection to the development of the cryptocurrency or the cypherpunk movement.
  • Is Dorian Nakamoto’s real name Satoshi Nakamoto? Yes, Dorian Nakamoto is the real name of the person who was incorrectly identified in a 2014 article as being the creator of Bitcoin. Dorian Nakamoto’s name is often written as “Dorian Prentice Satoshi Nakamoto.” Despite being incorrectly identified as the creator of Bitcoin, Dorian Nakamoto has no known connection to the development of the cryptocurrency.

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How to create token on Avalanche?

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To create a token on Avalanche, you will need to have an Avalanche wallet and some AVAX, the native token of the Avalanche network. AVAX is used to pay for transaction fees and other services on the Avalanche network.

Here is a brief overview of the steps involved in creating a token on Avalanche:

  1. First, you will need to choose a name and a symbol for your token. The name and symbol should be unique and should not be already in use by another token on the Avalanche network.
  2. Next, you will need to decide on the total supply of your token. This is the total number of tokens that will be created and minted on the Avalanche network.
  3. Once you have chosen a name, symbol, and total supply for your token, you can use the Avalanche blockchain to create your token. This involves submitting a “minting transaction” to the Avalanche network, which will create your token and add it to the Avalanche blockchain.
  4. After your token has been created, you can use it for a variety of purposes, such as creating a decentralized application (dApp) or running a crowdfunding campaign. You can also trade your token on decentralized exchanges that support trading on the Avalanche network.

If you want to create a token on Avalanche using a smart contract, you will need to write the code for your smart contract. Avalanche supports the use of smart contracts written in a variety of languages, including Solidity and JavaScript. Here is an example of a simple smart contract written in Solidity that could be used to create a token on Avalanche:

pragma solidity ^0.7.0;

// This is a simple ERC-20 compatible token contract
contract MyToken {
  // The name of the token
  string public name;

  // The symbol of the token
  string public symbol;

  // The total supply of the token
  uint256 public totalSupply;

  // The balance of each address that holds the token
  mapping(address => uint256) public balanceOf;

  // The constructor of the contract, which sets the name, symbol, and total supply
  constructor(string memory _name, string memory _symbol, uint256 _totalSupply) public {
    name = _name;
    symbol = _symbol;
    totalSupply = _totalSupply;
    balanceOf[msg.sender] = totalSupply;
  }

  // A function that allows the owner of the contract to mint new tokens
  function mint(uint256 _amount) public {
    require(msg.sender == owner);
    totalSupply += _amount;
    balanceOf[msg.sender] += _amount;
  }

  // A function that allows users to transfer tokens to other addresses
  function transfer(address _to, uint256 _amount) public {
    require(balanceOf[msg.sender] >= _amount);
    balanceOf[msg.sender] -= _amount;
    balanceOf[_to] += _amount;
  }
}
  }

  // A function that allows users to transfer tokens to other addresses
  function transfer(address _to, uint256 _amount) public {
    require(balanceOf[msg.sender] >= _amount);
    balanceOf[msg.sender] -= _amount;
    balanceOf[_to] += _amount;
  }
}

This smart contract defines a simple ERC-20 compatible token that has a name, symbol, and total supply. It also includes functions for minting new tokens and transferring tokens to other addresses.

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How to create your own token on Solana?

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To create a token on the Solana blockchain, you will need to have a Solana wallet and some SOL, the native token of the Solana network. SOL is used to pay for transaction fees and other services on the Solana network.

Here is a brief overview of the steps involved in creating a token on Solana:

  1. First, you will need to choose a name and a symbol for your token. The name and symbol should be unique and should not be already in use by another token on the Solana network.
  2. Next, you will need to decide on the total supply of your token. This is the total number of tokens that will be created and minted on the Solana network.
  3. Once you have chosen a name, symbol, and total supply for your token, you can use the Solana blockchain to create your token. This involves submitting a “minting transaction” to the Solana network, which will create your token and add it to the Solana blockchain.
  4. After your token has been created, you can use it for a variety of purposes, such as creating a decentralized application (dApp) or running a crowdfunding campaign. You can also trade your token on decentralized exchanges that support trading on the Solana network.

If you want to create a token on Solana using a smart contract, you will need to write the code for your smart contract. Solana supports the use of smart contracts written in the Rust programming language. Here is an example of a simple smart contract written in Rust that could be used to create a token on Solana:

use solana_sdk::{
    account::Account,
    instruction::{Instruction, InstructionError},
    pubkey::Pubkey,
};

#[derive(Debug, PartialEq)]
enum Error {
    WrongInstruction,
    WrongArgumentLength,
    NotEnoughFunds,
}

impl From<Error> for InstructionError {
    fn from(e: Error) -> Self {
        match e {
            Error::WrongInstruction => InstructionError::InvalidInstructionData,
            Error::WrongArgumentLength => InstructionError::InvalidArgument,
            Error::NotEnoughFunds => InstructionError::AccountBalanceInsufficient,
        }
    }
}

#[derive(Debug, PartialEq)]
struct Mint {
    pub mint_account: Pubkey,
    pub recipient_account: Pubkey,
    pub amount: u64,
}

impl Instruction for Mint {
    fn account_keys(&self) -> Vec<Pubkey> {
        vec![self.mint_account, self.recipient_account]
    }

    fn execute(
        &self,
        accounts: &[Account],
        _data: &[u8],
    ) -> Result<(), InstructionError> {
        let mint_account = &accounts[0];
        let recipient_account = &accounts[1];

        if mint_account.executable {
            return Err(Error::WrongInstruction.into());
        }

        if mint_account.lamports < self.amount {
            return Err(Error::NotEnoughFunds.into());
        }

        let mut new_mint_account = *mint_account;
        new_mint_account.lamports -= self.amount;

        let mut new_recipient_account = *recipient_account;
        new_recipient_account.lamports += self.amount;

        Ok(())
    }
}

This smart contract defines a “mint” instruction that can be used to create new tokens and transfer them to a specified recipient account on the Solana blockchain. It includes checks to ensure that the minting account has enough funds to mint the specified number of tokens, and that the instruction is not being executed from an executable account.

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Disclaimer: ATHCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.