The key to the business of the Otherside metaverse is in the investors of the monkey NFTs

Source: Observatorioblockchain / Jennifer Maldonado

The key to the business of the Otherside metaverse is in the NFT investors of the boring monkeys, the famous Bored Ape. Yuga Labs, the developer of the Bored Ape crypto collection and the Otherside metaverse, wants to engage the community in building its new virtual world. To do this, it is offering NFT Otherdeed holders to comment and provide ideas on the new platform. The metaverse associated with the Bored Ape has already rolled out two load tests and one tech demo so far this month. The objective is to analyze the capacity and scalability of the platform and allow the crypto community to participate in its development and construction.  

What is Bored Ape Yacht Club (BAYC) and why are its NFTs worth so much?

Metaverse Otherside, NFT and Monkeys

Yuga Labs has shared the Otherside litepaper on Twitter , a document in which the company outlines the principles that will govern the metaversian platform. As well as the capabilities that developers and the community will have to participate and influence its development and future. 

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The company invites all Otherdeed holders to participate in the development of its metaverse, through an experience, which it has called «Voyager’s Journey». The idea is to teach players to participate in your game and get feedback from their comments. The creators of the product underline their commitment to an open approach where voyagers can participate in events that serve to shape the platform. The litepaper will be replaced by another document called The Codex, which will be released in the second stage of Otherside.

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ApeCoin rises 10% in 24 hours

The price of Apecoin (APE) increased by 10% in the last 24 hours and 9% in the last week. At press time, the Bored Ape community token is trading at $5.32 . The volume traded in the last 24 hours exceeds 517 million dollars, which shows a growth of more than 72% in one day. Likewise, the market capitalization of Apecoin grew by 10% exceeding 1,575 million dollars today.

Otherdeed NFTs launched in late April, generating some $1.54 billion in sales. These NFTs are keys to accessing the virtual land within Otherside. In the past year, the virtual earth has become one of the most valuable items in the metaverse. In April, each Otherdeed sold for more than $5,000.