Yuga Labs, the publisher behind the popular Bored Ape Yacht Club (BAYC) NFT collection, has announced the release of a new game called Legends of the Mara (LOTM). According to a statement from Otherside on March 28th, the game will feature its own unique collection, and will be a 2D continuation of the story of main character Kodas.

LOTM will provide players with an immersive experience, allowing them to engage in farming and hunting activities as well as taking on the role of gatekeeper. The adventure starts with a free Vessel character, which can be upgraded through gameplay to become a skilled Mara apprentice and ultimately transform into the skilled artisan Kodamara. The game is set to be released in May 2023.

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Yuga Labs first hinted at the project last month, marking exactly one year since the release of Otherside. At that time, the Otherside Twitter account posted a mysterious image with the title “The Shattered Vessels.” Although Yuga Labs has revealed that ApeCoin will play a major role in LOTM, no further details have been given about the game.

The popular NFT artist Beeple has been suggested as the creator of the new NFT collection associated with LOTM, according to Twitter user Kupo Koda. Beeple has been sharing images of a mysterious black circle surrounded by warriors, which has been attracting attention from the NFT community. His artwork “Everydays – The First 5000 Days” was sold for over $69 million, making it one of the most expensive NFTs ever sold.

As the release date for Legends of the Mara draws near, fans of Otherside and BAYC are eagerly anticipating the new game and the unique NFT collection that will accompany it. With the involvement of Yuga Labs and Beeple, this is a project that is sure to make waves in the NFT and gaming worlds.

#YugaLabs #Otherside #NFT #Legends #azcoinnews

This article was republished from azcoinnews.com

What is TwelveFold?

TwelveFold is a collection of 300 limited-edition NFT artworks created through the Ordinals protocol on the Bitcoin network. This is the first collection that the industry giant Yuga Labs has tested on the Bitcoin network, with each piece being a modern 3D graphics and hand-drawn artwork stored on a satoshi.

These pieces represent a complete art project with no connection to any of Yuga Labs’ previous or ongoing projects on Ethereum. The mechanism for creating TwelveFold NFTs on Bitcoin involves attaching images and characters to satoshis, which are the smallest unit of Bitcoin. You can refer to the process of creating Bitcoin NFTs through the Ordinals protocol here.

Idea

The idea behind TwelveFold came from the creative director of Yuga Labs, Michael Figgie, who wanted to create an Ordinal NFT collection that combined elements of time, mathematical logic, and blockchain technology.

The TwelveFold collection includes 300 engravings with unique patterns on each line, thanks to the application of the Ordinal protocol’s algorithm. Each series in this collection has its own theme and includes 12 unique pieces that make up a 12×12 grid. The cycle of the TwelveFold collection runs through four seasons: spring, summer, fall, and winter, symbolizing the four different color palettes of Bitcoin’s four-year cycle. Figge has created pieces based on the corresponding dominant color schemes of each season in the year.

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Unlike previous NFT collections, TwelveFold’s artworks are designed by Yuga Labs using modern and high-tech specifications. As a result, the value of each piece is significantly increased due to the details in the design, and the number of pieces is limited to 288. 

Revenue

Revenue from TwelveFold will be transferred to the ecosystem’s common fund since Yuga Labs is the entity responsible for issuing the collection. However, Yuga Labs has not yet disclosed any revenue details about TwelveFold, except for the $16.5 million earned from the auction on March 6th.

Token

At present, Yuga Labs has not announced whether TwelveFold will issue tokens, but it is possible that the project will operate similarly to the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) with the governance token ApeCoin (APE).

Road Map

There is currently no specific information on the development roadmap for TwelveFold. Investors can refer to Yuga Labs’ Twitter or the official TwelveFold website for more information.

Team

In addition to the aforementioned creative director Michael Figgie, TwelveFold was also built by two lead developers and a team of designers and blockchain experts. This team’s focus is on creating unique, high-quality artwork that leverages the power of blockchain technology and provides a valuable investment opportunity for collectors.

Investors

TwelveFold attracted funds from investors through a 24-hour auction held from March 5th, 2023 to March 6th, 2023. A total of 3,246 people participated, with the highest recorded bid being 7.1159 BTC (equivalent to $160,000) and the lowest bid being 2.2501 BTC. The total value of the auction reached 735.7 Bitcoin from 288 people, equivalent to $16.5 million.

Conclusion

Yuga Labs is one of the leading companies in the NFT market, and the success of the TwelveFold auction only further solidifies their position in this field. With the initial plan to experiment with optimizing an NFT project on the Bitcoin network, Yuga Labs also succeeded with TwelveFold, bringing in $16.5 million, although it was not as high as previous collections.

However, the Bitcoin NFT market is still very new, and Yuga Labs has received some mixed opinions from the somewhat flawed TwelveFold auction. With the ambition to lead the market, Yuga Labs needs to research and implement more carefully with NFT collections on the Bitcoin blockchain in the future.

#BitcoinNFT #YugaLabs #TwelveFold #NFT #azcoinnews

This article was republished from azcoinnews.com

Italian luxury fashion brand Gucci has partnered with Yuga Labs to bring digital fashion into the Otherside metaverse. 

This partnership with the Bored Ape Yacht Club’s founder will further cement the fashion company’s feet in the Web3 sphere. Also, the partnership is an example of how NFTs and Metaverse are positively influencing the fashion industry. By blending endless possibilities and creativity with the allure of exclusivity, opulent fashion brands are excited to attract new audiences.

This is not Yuga Labs’ first ride to the Otherside. The multiplayer metaverse game was unveiled by Yuga Labs on March 19, 2022. This was done in a thrilling trailer that has now garnered over 3 million views on Twitter.

The Otherside metaverse is powered by Apecoin and motivates users to harness their creativity in creating profound experiences.

The terms and details of this partnership are still sketchy, but there are talks about how the collaboration will grow each company’s communities. It will foster engagement by examining how fashion and entertainment interact in the metaverse.

Gucci’s Journey Through Metaverse

In September 2022, Gucci announced its CMO, Robert Triefus as CEO of Gucci Vault and Metaverse Ventures. Speaking about the reason for the move, Robert stated that they are looking to venture into volatile markets and dominate – as they always have in the past.

Also, Gucci’s partnership with Yuga Labs is not its first venture into metaverse. In October 2022, the opulent designer brand debuted in metaverse. It purchased a virtual land on the digital estate platform, The Sandbox to serve as a launching pad for all of Gucci’s Web3 endeavors.

Before then, Gucci shared in February that the brand had purchased some space on The Sandbox’s digital marketplace and would launch an interactive VR fashion experience.

With the partnerships with The Sandbox and Yuga Labs, Gucci is showing its interest in NFTs and metaverse in an effective way!

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