Otherside Metaverse Project Launch Requires KYC Verification

The Otherside Metaverse land is set to be purchased through a Dutch auction format with the mint price yet to be announced.
Otherside Metaverse Project Launch Requires KYC Verification

The BAYC’s Otherside team finally unveiled the entire launch roadmap of the much anticipated ‘Otherside’ Metaverse project two days after announcing the launch date with the users required to undergo KYC verification.

The Otherside Metaverse is set to launch on April 30th at 12 pm ET on otherside.xyz. The mint event is only open to those who have successfully completed the KYC process on somethingisbrewing.xyz

The mint will be exclusively in ApeCoin but the user is required to have some ETH for gas fees, and both currencies should be in the wallet used for the KYC process.

Otherside land is set to be purchased through a Dutch auction format, which means that the price will begin at its highest and gradually decline. The starting price is yet to be announced.

The owners of BAYC and MAYC NFTs will have 21 days after the auction to claim their NFTs. They don’t need to be KYC-approved to claim that but need to be KYC-approved to mint in the auction.

The ApeCoins obtained from this auction will be locked for a year, which means it can’t be used to vote in the ApeCoin DAO.

The user will be able to pre-approve their KYC-ed wallet on otherside.xyz on the morning of April 30th. This will allow the smart contract to mint during the auction using users’ ApeCoin.

It is not necessary to pre-approve early but doing it a few hours before the mint will save time and gas fees.

All the announcements regarding the Otherside project will be on the official Twitter accounts of BAYC, Yuga Labs, and Animoca Brands along with the Otherside official discord channel.

There will be no contests, giveaways, surprises or early drops, and everything is set to happen at the revealed launch time. More details about the mint will be revealed in the next few days.

Users should be careful the whole time and stay away from fraudulent links as just a day back BAYC Instagram account was compromised ahead of the Otherside launch. Approximately 91 NFTs were stolen worth over $2.8M, and the team is investigating the matter right now.

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