- Yuga Labs are the creators of Bored Ape Yacht Club (BAYC) NFT.
- Recently, the organization released a demo First Trip to the Otherside metaverse.
- The company has hired the former Senior VP of Products at Scopely.
New Addition to Fuel The Gaming Operations
The world we know today will be different upon the metaverse arrival. Possibly something like “The Oasis” from Ready Player One. Organizations and developers around the globe are working hard to meet the people’s expectations concerning the virtual worlds. Recently, Yuga Labs hired Spencer Tucker as their Chief Gaming Officer to boost their operations, especially for the Otherside metaverse.
Spencer has previously served as the Senior VP of Products at Gree International and President of Games at Scopely. The organization hired him for his over couple of decades gaming industry experience and specialization in web3, UGC, gaming development, design and creative community building. With the new addition in the team, Yuga Labs will look forward to increasing the pace for Otherside metaverse development.
Yuga Labs raised 450 Million USD at 4 Billion USD valuation for the Otherside metaverse during March 2022. The game trailer was released on Twitter during the same month. Nicole Muniz, CEO of the organization, said that “They are building a walled garden where everyone is welcomed.” Company released the First Trip demo during July 2022 which gave a glimpse of what’s waiting for the users when it officially arrives.
It is a long running debate about how virtual worlds should be like for the users. It will be a user-owned space similar to Web3, which also serves as the foundation for the metaverse. Central bodies will not control the data in the digital space unlike Web2.
Decentralized Autonomous Organizations will contribute in eliminating the centralization in digital worlds. Users and organizations can submit proposals or vote for or against them through DAOs. This will help in building communities inside the metaverse, which is a much needed requirement for any sector for its survival.
The most important aspect remains the interoperability, ability to carry the assets while traversing through a digital space to another. Metaverse will be a cluster of multiple interconnected virtual worlds containing distinct features, creating a “Multiverse.” In the absence of interoperability, these spaces would become walled gardens where the users will persist within a limited environment.
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.