Yuga Labs Acquires Roar Studios to Elevate Otherside Metaverse
(Originally posted on : Crypto News – iGaming.org )
The legendary Bored Ape Yacht Club’s creator, Yuga Labs, has revealed the purchase of Roar Studios, a Los Angeles-based company. With this tactical maneuver, Yuga Labs hopes to advance the ambitious metaverse Otherside and improve Web3 communities’ social interactions. Eric Reid, an entertainment professional who formed Roar Studios in 2021, brings to the table his experience in the areas of social media, gaming, and music.
Roar Studios’ Journey into the Music Metaverse
In 2021, Roar Studios set out on a quest to build a “music metaverse,” with the goal of enabling international musicians to work artistically together online. In order to actualize its vision of a dynamic online environment that seamlessly combines music, gaming, and social interactions, the company raised $7 million in investment.
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Roar Studios’ cutting-edge technology and specialized knowledge will now be used by Yuga Labs to hasten the production of Otherside.
A metaverse under the control of Yuga Labs called Otherside aspires to become a site of convergence for all of its intellectual property, including well-known NFT initiatives like CryptoPunks, Meebits, and 10KTF. The business sees Otherside as a permanent, interoperable digital environment where social engagement and creative expression are encouraged for NFT holders.
Teasing the Future with “Trips”
Holders of Yuga Labs’ Otherdeed NFTs have access to immersive live demos dubbed “Trips,” which hint at the possibilities of Otherside. The purchase of Roar Studios by Yuga Labs is an important development for the Otherside metaverse. The partnership is well-positioned to produce engaging social experiences and open the door for a new age of Web3 interactions thanks to Roar Studios’ expertise in music, gaming, and social media as well as Yuga Labs’ track record of successful NFT initiatives.
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The Web3 community is anticipating Otherside’s scheduled release while Yuga Labs continues to develop and polish it. The metaverse’s potential for a robust and integrated NFT ecology appears to have a bright future.