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APE up 70% in 2 Days Thanks to Metaverse Teaser

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While the market was washing its bloody tears, the Otherside team decided to release a teasing video with gameplay and a website for a future Metaverse project.

On the new website, we are greeted with several details similar to “Otherside”:

  • Hint of an in-game marketplace: “Voyagers, get together to buy, sell, trade.”
  • Owners of Otherdeed-specific Metaverse NFT collectible will be able to participate in tests and demos of the game to determine its final look.
  • Opportunity to create own items using SDK app and gain perks for developing.

Such a large-scale and inspiring announcement gave the project fans confidence and drove the quotes of $APE up by 70% in just two days.

Moreover, the token itself returned to the top 10 most purchased list in the last 24 hours among the biggest Ethereum whales, with an average purchase size of $36,138 between the top 100 largest Ether whales. Furthermore, APE even became the most used smart contract among the top 500 Ethereum whales at the time.

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Apes continue to break boundaries

The Otherside saga, which began on May 1, continues to deliver regular news stories. The BAYC community can definitely be called the main newsmakers – in a positive way, not the Terra way – of the crypto world at the moment.

It is worth recalling how the “Otherside” Metaverse project sold out all available 55,000 NFT of Otherdeed land plots within three hours of the start of public bidding.

Then the price of one token was 305 $APEs. In total, the company managed to raise 16.7 million APE, which is equivalent to $317 million. This was a record public offering by an NFT project.

According to Etherscan, the sale of Otherdeed tokens caused the Ethereum blockchain gas fee to skyrocket to 8,000 GWEI and the reduction of the whole Ethereum supply by about 18%.

Yuga Labs then stated that ApeCoin needs its own blockchain for proper scaling and promised to offset the cost of the gas.

Apes continue to move forward and inspire positivity despite the general panic on the market. It will definitely be very interesting to follow their voyage.





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Metaverse

‘NFTs: Enter the Metaverse’ | Watch the trailer for non-fungible token documentary from ABC Localish Studios

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In 2021, three otherwise unassuming letters would upend the worlds of cryptocurrency, technology, art, and pop culture all at once. NFTs, or non-fungible tokens, were propelled into the mainstream after an unprecedented $69.4 million sale at the historic art auction house Christie‘s in New York City.

The sale of digital artist Beeple‘s Everydays at Christie’s for $69.4 million marked the beginning of a seemingly unstoppable NFT wave, where everyone from digital artists to mainstream celebrities like Paris Hilton, Mark Cuban, Steve Aoki and many others began creating, selling, and collecting NFTs via cryptocurrency on the Blockchain.

While NFTs initially focused on the importance of ownership of digital assets, they soon also became part of a social movement where groups of creators and collectors began communities based on buying and selling NFTs. Some early examples of these groups include CryptoPunks and Bored Ape Yacht Club, but many more have since risen in popularity as the world of NFTs continues to expand and propels new digital artists, like 17-year-old Diana Sinclaire, to international fame.

Following the journey of digital artist Beeple, aka Mike Winklemann, through the historic sale of his Everydays work, “NFTs: Enter the Metaverse” illuminates the social and economic factors that led to the rise of NFTs as well as the implications of NFT technology on the future of the Metaverse. The documentary features appearances by Paris Hilton, Gary Vaynerchuck, Mark Cuban, Steve Aoki, 3Lau, Rebecca Jarvis, Kelly Crow, Kenny Schacter, Diana Sinclair, Daniel Maegaard, and Karsen Daily.

Watch “NFTs: Enter the Metaverse” premiering on May 21st on ABC (check your local listings), ABC News Live and the Localish Network.





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Unreal reality: The big leap to capitalise on the metaverse boom

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Will the rise of the metaverse see a move to not only wearing VR goggles, but full body suits to feel the wind, fresh water and even to act as the protagonist in our favourite movie?

Time will tell. But the sense of reality companies eventually develop, and how people react, will be key for companies, fund managers and investors to capitalise on what has been called the next big disruption – the metaverse. 

In the keynote address at Citywire Montreux 2022, researcher and broadcaster Stephanie Hare delved into the tricky questions that surround the great push towards virtual, augmented or mixed realities.



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The U.S. military is creating and just tested its own metaverse

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The military’s version of a metaverse doesn’t quite align with Mark Zuckerberg and Meta’s vision for a virtual world for us to inhabit.

The U.S. military is creating and just tested its own metaverse 02 | TweakTown.com

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Credit: Red 6

Using augmented reality (AR), two fighter pilots completed a high-altitude drill a few thousand feet high over the desert of California on May 10th. Flying a pair of Berkut 540 jets and donning custom AR headsets, the pilots were shown virtual refueling aircraft in the sky, allowing one of the pilots to practice a refueling maneuver with the virtual aircraft.

The augmented and virtual reality (VR) technology, head-mounted displays and artificial intelligence (AI) powered environments being developed by Red 6 allow pilots to take part in virtual dog fights against enemy aircraft and more while pulling several G’s. Red 6 is developing a platform that will allow them to display various scenarios in AR and VR, while using lower latency and higher reliability hardware than consumer-grade AR and VR headsets.

We can fly against whatever threat we want. And that threat could be controlled either by an individual remotely or by artificial intelligence. What we’re building is really a military metaverse. It’s like a multiplayer video game in the sky,” says Daniel Robinson, founder and CEO of Red 6.

AR and VR have become staples of military training of late in projects like Project Avenger and Project BlueShark. Now, the military is setting its sights on integrating various technologies to create more interconnected virtual systems, and recently held a high-level conference in a virtual environment attended by more than 250 people from across the world.

It is an extremely complex type of simulation, especially given the fidelity that the military demands. You can either have live players who are participating in the simulation or [characters] can be AI-enabled, which is often what the military does,” said Caitlin Dohrman, general manager of the defense division of Improbable, a company that develops virtual world technologies.

Adam’s Top 3 Recommended Articles:

Read more: Crazy video shows a test vehicle catapulted toward space at 1,000+ mph

Read more: New DARPA hypersonic missile prototype test flew 5x the speed of sound

Read more: Takers of the first-ever black hole photo have a massive announcement



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