Yuga Labs, one of the top Web3 companies, introduced its much-anticipated “Legends of the Mara” 2D collection-based strategy game on Twitter yesterday. The news came via a Twitter thread through its Otherside Metaverse account and immediately caused a bevy of interactions and comments:
As the Tweets detail, “Legends of the Mara” will be a game that gives more information about the mysterious “Koda” creatures and sets the stage for a “defense” of the Otherside metaverse that will take place in May. The game will introduce a new Yuga Labs NFT collection — ”Vessels” that can evolve into “Mara” and later into the “more skilled Kodamara.”
Holders of Otherdeeds who wish to claim the Vessel but have a Koda on the land can decouple their Koda from the Deed, effectively giving the holder three NFTs: the Vessel, the Koda, and the Deed. Currently, the floor price (the lowest price for an NFT in a collection) in the Otherdeed set is 1.6 ETH or $2,746 at this time of this writing.
The announcement marks a big three days for the Otherside metaverse, which held its “Second Trip” on Saturday. In that event, thousands of users were split into four teams and asked to collect magic blobs. The winning team received a special set of NFT helmets to mark the occasion.
Yuga Labs Goes from NFT Company to Pure Web3
Yuga Labs got its start as an NFT company, creating collections like the Bored Ape Yacht Club and Mutant Ape Yacht Club. But in the past year and a half, it has transformed itself into a Web3 behemoth, developing a metaverse and issuing a cryptocurrency. Here are three stories involving the growth of Yuga Labs, even during a full bear market.
First, three weeks ago, the company dropped its first collection on the Bitcoin blockchain. Called “Twelvefold,” the Ordinals were a stark departure from its previous NFTs, featuring a collection of 288 generative art pieces that explored the concept of time. The drop netted the company $16.5 million.
Next, four months ago, Yuga Labs donated CryptoPunk #305 to the Institute of Contemporary Art in Miami, Florida. The move signaled the company’s intention to portray CryptoPunks as “art,” to be featured in museums around the world.
Lastly, about a year ago, the Bored Ape company launched a cryptocurrency called “ApeCoin,” which instantly dropped tens of thousands to millions of dollars in the pockets of Yuga Labs’ NFT holders. The launch was met with enthusiasm in the community, with many sharing that the crypto gave them liquidity without having to sell their NFTs.
Yuga Labs has become one of the top Web3 companies, and as this afternoon’s story shows, they are continuing to progress, even during this bear market. Here at Rarity Sniper, we’ll follow up with more details of this story as they arise.