Metaverse Yuga Labs announced its first visitors – Bits Media

The Otherside project demonstrated the capabilities of its own virtual platform for Otherdeed land owners and developers.

Metaverse Team, created by Yuga Labs, invited 4 300 players for the first acquaintance with a technical demonstration of capabilities online platforms. Virtual travelers were accompanied by a monkey avatar from the Yuga Labs collection.

Tour participants, visiting the Biogenic Swamp, were either the owners of land documents in Otherdeed, or selected developers of other studio projects. Otherdeed owners were able to tour Voyager's Journey, consisting of 11 parts "around the mysterious obelisk, appeared in the Otherside universe".

The lite version of the Metaverse White Paper says, that in the first stage, Otherdeed owners will be able to contribute to the creation of the platform and shape its core capabilities as co-developers using the Otherside Development Kit.

“We believe in the extraordinary power of community and have seen first-hand, that it can become a significant force for good. We strive to stimulate, expand opportunities for self-expression, creativity and ingenuity for the Otherside community", - the document says.

The light version of the White Paper mentions the term interoperability. This is the ability of the user’s avatar to move freely across numerous different virtual worlds or gaming platforms, which could potentially form a global metaverse.

Proponents of an "open metaverse", including the Yuga Labs team, see interoperability as key to the spirit of a democratized and accessible Internet of the future. In the document they warn about the risks, which entails the monopolization of virtual space by megacorporations, such as Meta (formerly Facebook). According to them, giants may try to keep boundaries clear, to maintain control over user data and analytics.

One of the co-founders of Yuga Labs, Gordon Goner, said on Twitter, that Otherside is in direct competition with the “Web2 giants”, expressing optimism that, that "the future is leaning toward open, compatible metaverse".

The metaverse market has long become mainstream and even the authorities of world powers see prospects for its development. Recently, the Shanghai authorities announced, that they are investing $52 billion in the metaverse industry.