{ YugaVerse DAO }
{ Yugaverse DAO Official Links }
- Juicebox
- Website
- Discord
{ What is YugaVerse? }
YugaVerse is a decentralized autonomous organization created by four friends who came up with the idea of founding a community of metaverse land owners. Yuga Labs has announced the launch of their metaverse project “Otherside” and our team wanted to become the top Genesis land owner. The possibility of owning large land plots will be extremely more valuable than small purchases of land plots.
Contributors will receive a rationed amount of “Yugaverse” coin per eth contributed to the DAO. The current ratio is 900,000 yuga:1 eth. These tokens will be used to vote on proposals voiced from the community. All voting will be held via Snapshot.
{ Estimations for Land Sale }
30,000 reserved for BAYC and MAYC
70,000 for public sale
100,000 total Genesis land plots (1 eth per plot price estimation)
There will be another 100,000 land plot collection dropped months after the Genesis collection.
{ Why YugaVerse DAO? }
Contributing to the YugaVerse DAO will allow you to become a part of one of the largest land owners of the Otherside. Regardless of the amount invested, each one of you will be able to benefit by participating through the DAO. Through the DAO this will create a high potential of owning rare land and resources. Koda airdrops are projected to go out in May 2022. There will be a 10% chance in receiving a Koda per Genesis land plot. The more we own, the greater chances at rare lands, resources and more importantly higher airdrop chances of the limited supply of Koda. *Note: Koda will be the first Yuga Labs NFT drop since BAYC/MAYC/BAKC*
{ What are YugaVerse’s goals? }
YugaVerse aspires to be a top holder of the Otherside land plots resulting in more Koda and land resources.The overall goal is to see Yuga Labs’ vision and longevity on the metaverse. We believe the Otherside will be the metaverse for all as this is the first time the Yuga Labs ecosystem will allow anyone to participate with limited barriers to entry i.e owning a bored ape being one of them. Yuga Labs have mentioned that landowners will be able to customize NFTs they own which will be usable in the Otherside metaverse giving us further proof to our beliefs. The community will make decisions on the assets through voting. Below are projections of the amount of Koda we expect to receive based on the amount of eth raised.
If we compare the Otherside to other land projects, we’d expect the Otherside to have a minimum secondary floor price of 3ETH resulting in a 3x on initial investment. This is not guaranteed but rather a modest projection if compared to other land projects vs their land availability. On top of the land appreciation, we are to expect further utility through the Koda airdrop plus the additional unknown resources and any other potential benefits.
Yugaverse is here to stay. Our initial idea helps us build on the future of the DAO. That being said, we look to bring further strategic decisions in hopes that the DAO agrees. We have seen multiple DAOs fail due to one specific reason. Not being able to control the variables. Though we don’t have much information regarding the Otherside, we’ve been able to compile data that will only further benefit the decisions we make. We also believe Yuga labs have what it takes to make the Otherside the metaverse for all as well as compete with current established land projects.
Throughout this process, there will be multiple votes with the decision making. However, we have planned a few that align with our goals. We believe in protecting assets/investments. Thus, the goal is to build upon our foundation and further set ourselves for the future. Therefore, our current intentions are
- To hold the Koda as we believe this will be the most valuable asset due to their limited supply. We believe the demand for them will surpass the supply and in doing so will make them the most valuable assets.
- The land appreciation through the secondary market will allow us to recoup our initial investment as a DAO. This is to ensure that we protect our investment which we will reinvest strategically within the ecosystem. This will solely happen after the Koda airdrop. We look to sell a portion of the land due to the further supply allocation set out at a later stage. The more the land allocation, the chances are the value of the land will not hold in the short term.
- The sale of the land gives us flexibility and capital to further build the future of the DAO. Our current thoughts are to purchase BAYC/MAYC assets and stake $APE, while holding the remaining land, resources and the Koda. Holding BAYC/MAYC will give us further land acquisition on the next drop assuming a snapshot is taken for holders prior to release.
- With the above mentioned, further information will allow us to set multiple strategies to benefit the DAO. Ultimately, the purpose of the DAO is to ensure profitability, transparency and flexibility.
{ More }
The Otherside will be home to many other blue-chip projects such as: Bored Apes, Mutants Nouns, Punks, Cool Cats, Meebits, World of Women and Cryptoadz. Become a large land holder of the metaverse of all metaverses.
{ Illustrations }
Our illustrators were so excited for this they even made some mockups of imagined Mutant Apes hanging out in the metaverse. Can some of the resources be contaminating the water supply? We’ll find out in The Otherside.
Concept Art done by our Illustrator
{ Team }
Bennett Kearney — linkedin.com/in/bennett-kearney
Andrew Kraus — linkedin.com/in/andrew-kraus
Khaleel Nathanie — twitter.com/kryptokhaleel
Bennett Kearney
Marketing
Co-Founder of NFT Drops Daily
Co-Founder of Sintra
CMO at Booze Bears, The House of Mempo, and Party People
Andrew Kraus
Co-Founder of NFT Drops Daily
Co-Founder of Sintra
Co-Founder of Mrge DAO who became the fifth largest holder of MuratPaks project called mass after raising $800,000 in less than 3 days.
Khaleel Nathanie
CM at NFT Drops Daily
Part of The Collective
Co-Founder of Sintra
NFT/DEFI Investor
Late stage seed investor for 5+ years
Part time degen, full time Chaos
