Yuga Labs, a leading web3 company and the home of popular collections such as Bored Ape Yacht Club (BAYC), CryptoPunks, and Meebits, has announced new strategic partnerships to accelerate the development of Otherside, an innovative interoperable metaverse.
Otherside is a community-driven platform that aims to provide virtual experiences across web, 3D, and mobile. It gives creators and players an active role in its creation, allowing them to be seen and heard in ways that are not possible today. With the help of these global partners, Yuga Labs aims to enable cross-platform, real-time engagement and bring the vision of Otherside to life.
Among the announced partnerships, Hadean, a spatial technology company, will play a critical role in building the core high-density simulation and networking solutions for Otherside. Their expertise will enable high fidelity virtual experiences that can bring creators and players together at scale. AccelByte, a proven platform technology company, will provide their massively scalable and extensible backend platform for live game services. This technology will enhance the overall performance and stability of Otherside. Bad Rhino Studios, a team of experienced game developers, designers, artists, and engineers, will contribute to the project by creating social and dynamic virtual experiences that allow players to connect with each other. Lastly, Faraway will assist in developing engaging gameplay mechanics that ensure moment-to-moment excitement for the players.
Eric Reid, General Manager of Otherside, emphasized the importance of collaboration with creators and technologists in delivering a disruptive product of this scale. He stated that these partnerships align with the vision of Otherside as an interoperable platform built with and for the communities it serves. Yuga Labs has long believed in the significance of interoperability for the future of the metaverse and is thrilled to be a part of OMA3’s board of directors. OMA3 is a coalition of web3 metaverse platform creators who share a collective vision of highly interoperable and transparent virtual spaces.
With the addition of these new partners, Yuga Labs is committed to building Otherside in a transparent and public manner. They will share demos and behind-the-scenes looks to gather real-time feedback from creators and the community. Yuga Labs aims to ensure that Otherside becomes a true enabler of innovation, empowering creators and the community.
Yuga Labs is a web3 company that is dedicated to shaping the future through storytelling, experiences, and community. They believe in starting with imagination instead of limitations and aim to reinvent the real-world utility of NFTs. Since their launch in April 2021 with Bored Ape Yacht Club, Yuga Labs has made significant contributions to the web3 space. They have released IP licenses to their NFT holders, acquired and released rights to other top collections like CryptoPunks and Meebits, and created Otherside, which has become one of the most ambitious interactive metaverse projects to date. Yuga Labs raised $450 million in a seed round in March 2022 at a valuation of $4 billion.
Yuga Labs’ partnerships with Hadean, AccelByte, Bad Rhino Studios, and Faraway demonstrate their commitment to pushing the boundaries of what is possible in the metaverse. These collaborations will bring together technical and creative expertise to create a groundbreaking platform that empowers creators and provides immersive experiences for players. With the support of these partners and the engagement of the community, Yuga Labs is poised to redefine the metaverse and pioneer the future of virtual experiences.
