Bored Apes creator Yuga Labs teases new project called 'Otherside'

NFTs • March 18, 2022, 11:15PM EDT
The Block

Yuga Labs, creator of the Bored Ape Yacht Club NFT collection, dropped a teaser trailer for a new project called Otherside.

The teaser itself doesn't explicitly state what Otherside is, but recent hints -- as well as details contained in a report by The Block's Ryan Weeks -- strongly suggest that Otherside will focus on the "culture, gaming, and commerce" invoked during this week's announcement of ApeCoin. The teaser tweet indicates that the project will feature the use of ApeCoin.

As previously reported, Yuga Labs was said to be working on a gaming-centric virtual world compatible with different types of popular NFTs.

The teaser features examples from NFT collections such as Mutant Apes, CryptoPunks and Meebits -- the latter of which were at the center of an IP acquisition deal between Yuga Labs and Larva Labs, the creator of CryptoPunks and Meebits. As of press time, the teaser has more than 60,000 views. 

On March 16, Animoca Brands subsidiary nWay tweeted that it was working on a new "play-to-earn game" in collaboration with BAYC. It's not clear at this time if the teaser is directly related to that specific initiative. Animoca co-founder Yat Siu sits on the board of the decentralized autonomous organization tied to ApeCoin. 

ApeCoin is currently trading at roughly $14.20 per coin, according to CoinGecko data.

Image screenshotted from Yuga Labs' Otherside teaser.