Yuga Labs conducted its "Apes Come Home" event in its Otherside metaverse available for a limited time, open to Bored Ape Yacht Club (BAYC) NFT owners.
The event provided an opportunity for participants to explore the virtual metaverse using their distinctive Bored Ape avatars, strengthening the community that appreciates Bored Ape Yacht Club NFTs. The PRIME token, considered a "Web3 gaming index," saw a 13% increase as the event unfolded, with the value of Bored Ape NFTs rising, too.
Analyst QuickTake : Yuga Labs will likely focus on the creation of 3D avatars for Moonbird NFT holders, allowing the exploration of the Otherside metaverse. The company recently acquired Moonbird NFT collection creator Proof, with plans to integrate them into its Otherside project. Additionally, the event follows the launch of the company’s free endless runner game, Dookey Dash: Unclogged, which will offer perks to BAYC NFT holders.
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