What is Otherside land?
What is Otherside land?
If you read my previous post on Documenting Otherside, you were likely wondering what type of land to invest in. With a 100k plots available now (100k more later), there’s a lot of choices! Let’s dive in.
First a quick primer,
What is Otherside?
Here’s the answer from YugaLabs themselves.
Short answer: it’s a massively multiplayer mega-game world with blockchain and NFT driven economics.
What are Otherdeeds?
An Otherdeed enables you to claim a plot of land when Otherside launches. It’s like owning a digital “land title” document signifying land ownership in this Metaverse.
How “digital ownership” works through cryptography and NFTs will be covered separately.
How is this land distributed?
From their official website Otherside.xyz,
There will be a total of 200,000 Otherdeeds. The first 100,000 Otherdeeds are available on April 30, 2022. The second 100,000 Otherdeeds will be exclusively rewarded to Voyagers who hold Otherdeeds and contribute to the development of Otherside.
YugaLabs has a history of rewarding existing holders of their flagship NFTs, such as Bored Ape & Mutant Ape Yacht Club members. As a result, they’ve allocated the following percentages of land to various groups.
We’ll explore how these different types of land fit into the Otherside metaverse, but you’re probably wondering how we’ll interact with this massive video game world.
What will our Otherside characters look like?
Existing NFT holders within the YugaLabs roster will get playable characters of their NFTs.
For everyone else, there’s MasterCard. Ha!
We can develop our own characters via the Software Development Kit (SDK) that will be coming soon. As a software engineer with several years of experience in the gaming industry, I’ve signed up for this SDK and am looking forward to documenting my experiences on this blog!
Different types of land as “Sediments”
There are 5 types of sediments in The Otherside (at least at the moment). These are their breakdowns.
Biogenic Swamp (10,000 plots): Claimable by Bored Ape Yacht Club owners.
Chemical Goo (20,000 plots): Claimable by Mutant Ape Yacht Club owners.
Rainbow Atmos (22,000 plots)
Cosmic Dream (23,000 plots)
Infinite Expanse (25,000 plots)
Plot types 3-5 were sold out in the public mint but all sediment plot types are available on the secondary market such as OpenSea or LooksRare.
Be sure to checkout the rarity before buying. There’s some good deals out there!
For instance, in LooksRare, you can see the rarity link to RaritySniper.com.
Websites such as nftnerds.ai offer powerful tools that allow you to quickly buy (aka “snipe” as we call it in the NFT space) good deals based on the underlying metadata (such as land type, rarity etc.).
We’ll do a deep dive on NFTNerds.ai another time.
So why does land sediment matter?
Like any NFT collection, scarcity determines price. With an NFT collection that’s based on digital land , it makes sense that the land has various attributes. The most obvious property for real estate being “Location, Location, Location!”
You might wonder, why does the location of my “digital land” matter? Isn’t it just a giant video game world? We’ll get to this shortly.
In the case of Otherside, one such land attribute is based on the geological concept of sediment. Aka the underlying foundational material that the land sits on.
Here are some examples of the 5 different Sediment types:
Biogenic Swamp
Chemical Goo
Rainbow Atmos
Infinite Expanse
Cosmic Dream
YugaLabs has done something very clever by introducing Sediments as one of the primary rarity drivers of their land based NFTs.
Another being environments. But let’s cover that in the next post!