Cointime May 3rd News Express
1. The 133rd Ethereum ACDC meeting: The goal is to complete the devnet within 7-10 days
Yuga Labs will migrate the Otherside metaverse to Improbable’s Msquared
Yuga Labs and Improbable announced the migration of Otherside Metaverse to Improbable's Msquared, which is Improbable's interconnected Metaverse network. By rebuilding Otherside, Yuga Labs will provide the community with the ability to build in large-scale environments and interoperability. Improbable and Yuga Labs also announced other news about the development of Otherside, including a large multiplayer game event in July and the launch of Otherside development toolkit World Builder ODK.
Yuga Labs restructures the company and lays off some team members
Yuga Labs is undergoing a restructuring, which led to the layoffs of some team members on Friday. Yuga Labs co-founder Greg Solano, who took over as CEO of the company in February, announced the company's restructuring on social media. Regarding the restructuring announcement, Solano said, "Today is a very difficult day. I am determined to change Yuga and bring us back to our original purpose, which means making difficult decisions. So far, the hardest decision has been to say goodbye to some talented team members."
Yuga Labs releases Otherside update, which will provide users with unified accounts and identities
Yuga Labs has released an Otherside Metaverse update, focusing on foundational work and preparing for rapid iteration and release of new features, as well as providing users with a unified account and identity for easy access to NFTs, wallets, and a range of interactive experiences. Yuga Labs also stated that it will focus on Otherside quality and scalability, currently optimizing its virtual environment and virtual images to meet AAA game standards, setting a new benchmark for the metaverse experience. In addition, Yuga Labs announced the Apes Come Home experience event, marking a milestone in the Otherside journey, allowing 10,000 Ape holders to interact with their NFTs for the first time in a dynamic shared space. After the update was released, the NFT Otherdeed floor price for Otherside metaverse virtual land rose 6% in the past 24 hours to 0.39 ETH.
Yuga Labs to launch free version of Dookey Dash game in Q1
Yuga Labs, the developer of BAYC, is partnering with game studio Faraway to release Dookey Dash Unclogginged in the first quarter of 2024. This is a free version of the Dookey Dash game that all users can participate in.
Yuga Labs co-creation: Ryder Ripps still needs to pay about US$9 million in legal fees and costs due to copyright infringement
Wylie Aronow, co-founder of Yuga Labs, stated on social media that Ryder Ripps will have to pay approximately $9 million in legal fees and costs for copyright infringement. Aronow wrote, "Thank you to the court for reviewing all the facts. Thank you to our community for always supporting us. Thank you to our legal team for defending us. Fortunately, we have finally settled with those scammers." According to a tweet by lawyer NeerMcD forwarded by Wylie Aronow, the fees demanded by the lawyer include $6,983,432.62 in fees, $317,295.04 in costs, certain fees for three Yuga Labs experts, and all R&R preparation costs.
The top 10 virtual land NFT sales in 2023 are dominated by Yuga Labs’ Metaverse project
Yuga Labs' project Otherside is still leading the sale of virtual universe land. Based on The Block Research's best-selling NFT list, the 10 most expensive NFTs in the universe this year belong to Otherdeed for Otherside or Otherdeed Expanded. The list is ranked by the dollar value of the NFTs sold and the price of ETH on the day of sale. Eight of the 10 NFTs on this list are owned by NFT collector n0b0dy.eth. The other two were burned after being on sale for several months. In addition, Yuga Labs' top 10 universe land NFTs sold for between $276,000 and $514,350.
Development company Yuga Labs sells one of its gaming companies for about $97.1 million
According to CNBC, Improbable, the development company behind Yuga Labs' metaverse Otherside, which acquired multiplayer game service company The Multiplayer Group (MPG) in 2019, has sold it to Keywords Studios for £76.5 million (approximately $97.1 million).Improbable co-founder and CEO Herman Narula said the deal is part of its "venture investment" strategy, which involves investing in or acquiring teams related to gaming and metaverse, and choosing to expand or split these teams later. While this move suggests that Improbable may reduce its investment in gaming, Narula does not believe that selling MPG means it is reducing its business in this area. Narula said: "We will not sell any technology, nor will we stop working with gaming companies."Keywords, headquartered in Ireland, has more than 70 studios in Los Angeles, France, Brazil, Mexico, and Spain, mainly developing games for third-party developers. MPG was founded in 2018 and is known for its work on games such as "Fallout 76" and "Medal of Honor: Above and Beyond".
Yuga Labs: TwelveFold’s last crypto puzzle released
Yuga Labs announced on social media that the 13th Moon Puzzle of the TwelveFold Cryptogram series has been released. The Sun Puzzle, which is the last puzzle of the TwelveFold Cryptogram, has been solved and submissions are now closed. Jinse Finance previously reported that Yuga Labs had released a cryptogram and would release a "Moon Puzzle" every week for 12 weeks. The first user to solve the puzzle would receive a reward of 0.12 BTC, and the final puzzle, "the Sun Puzzle," would be released in the 13th week.
Yuga Labs announces the official launch of Season 2 of Legends of the Mara (LoTM)
Yuga Labs has announced the official launch of Season 2 of Legends of the Mara (LoTM). It is reported that Season 2 brings significant updates and improvements. Players (Voyageers) need to reassign all Oda to other actions to cultivate Sediment Fragments and hunt Shattered to enhance the gaming experience. In addition, the game rankings have been optimized, and player rankings will be determined based on their cumulative damage. Season 2 also introduces a timer for treasure chests of different environmental levels, creating a more competitive environment.
