Yuga Labs has sold the intellectual property rights for Meebits, shifting focus to Bored Ape Yacht Club and Otherside.
Improbable, the developer behind Bored Apes' Otherside, plans to create a new Layer 1 blockchain called Somnia, claiming it can handle over 400,000 transactions per second.
Improbable is set to launch the DevNet phase of the Somnia blockchain, which it is building for Yuga Labs’ Otherside platform.
Yuga Labs, creator of the Bored Ape Yacht Club, faces market challenges, restructures with layoffs but continues to focus on the Otherside metaverse.
Rug Radio creator Orangie explores the 'Apes Come Home' event in Otherside metaverse using his Bored Ape avatar and reflects on the value of his $75K NFT investment.