Yuga Labs' Otherside Metaverse to Launch 'Second Trip' on March 25

Bored Ape Yacht Club parent company Yuga Labs on Wednesday announced new details for the second test of its gamified Otherside metaverse platform.

According to the company, the "second trip" will take place on March 25 and will include a two-hour narrative experience led by four Otherside team captains. The second trip is open to holders of Otherdeed non-fungible tokens (NFT), which are linked to land in the as-of-yet unreleased Otherside metaverse. Each holder, referred to as a "voyager," will have the opportunity to invite a guest to join them in the experience.

According to the company, the massive live experience will accommodate up to 10,000 voyagers on a first-come-first-serve basis. Non-holders can also watch a live stream of the event on the company's YouTube channel.

Read More: See You on the Otherside: How Yuga Labs Is Bringing Its Billion-Dollar Business Into the Metaverse

Yuga Labs hosted its "first trip" in July 2022 for over 4,600 players, which resulted in major congestion on the Ethereum network. Voyagers on the second trip who attended the first trip will be eligible to earn a unique Obelisk Piece linked to the overall Otherside narrative.

Yuga Labs co-founders Wylie Aronow and Greg Solano told CoinDesk in December the company views The Otherside as the intersection of all the projects under its brand umbrella. The company first teased its metaverse ambitions in April 2022 as a platform where players could own land and turn their existing NFTs into playable characters. Yuga Labs initially sold 55,000 Otherdeed NFTs linked to virtual land ownership, raking in about $320 million in primary sales.

According to OpenSea, Otherdeed NFTs have done 524,130 ETH (about $806 million) in total sales to date. The floor price for an Otherdeed NFT at the time of publishing is 1.9 ETH, or about $2,920.