Yuga’s Otherside Triumphs Over Adversity with ‘Apes Come Home’

Otherside’s Success Following Past Woes

Since its inception in April 2022, the Otherside Metaverse quickly emerged as a hub for creativity and community. Its official announcement led to a 40% surge in $ApeCoin value and a swift $450 million in funding, highlighting the project’s market impact and anticipation.

Still, like all good things, comes a catch: Following its hype, on May 3, 2022, Otherside NFTs faced high gas fees of $150 million. Discussions about the project moving from Ethereum to reduce transaction costs continue to gain momentum, especially after last month’s ‘Loot’ NFTs similarly encountered issues. 

Community engagement has been emphasized through Otherside’s events like the ‘First Trip’ on July 16, 2022, and the ‘Second Trip’ on March 25, 2023, providing immersive experiences to Otherdeed NFT holders and emphasizing storytelling.

In September 2023, the Beta launch of its 2D strategy game ‘Legends of the Mara’ (LoTM) was similarly met with excitement. Though, it soon faced execution challenges, such as issues with the ‘Shattered Defense’ game mode and ‘Hatching’ process, leaving some community members feeling let down. 

The Otherside then unveiled its ‘Third Trip’ trailer in January this year, which was received with a mixed bag of reviews, prompting the release of a “remastered” version. 

In a bid to boost its Metaverse initiative, Yuga Labs recently acquired PROOF on February 17, 2024, to add the collective’s prized OG NFT collectibles, including Moonbirds, to its ecosystem. Following this merger, Moonbirds saw a remarkable 80% increase in value.

Just last week, the NFT project also welcomed back its co-founder Greg Solano as CEO. He is said to “unshackle the BAYC team” with ambitious novelty and growth plans.