Non-fungible token (NFT) heavyweight Yuga Labs set out its vision for the Otherside on Saturday in a document that speaks to the direction and ethos of what will become the company's "world-building metaverse platform."
"This document serves as a starter guide for the Otherside. It covers foundational principles of the platform, capabilities of its developers, and possibilities for community co-creation," Yuga Labs wrote on Twitter.
The document came in conjunction with Yuga Labs' tech demo, which drew thousands of Otherdeed NFT holders to try out the game before its official release.
Otherdeed NFTs were released in May, selling out the available 55,000 lots within three hours. The event brought in $317 million for Yuga and was so popular it crashed the Ethereum blockchain, sending transaction fees skyrocketing. These NFTs entitle the holder to a plot of land in the game and a creature called a Koda, which lives on the land.
Since then, Yuga Labs has been working with UK-based game developers Improbable on creating the online space. Yuga's litepaper asks users to consider the document as a "stepping stone" in its development.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.