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As per the reports, Yuga Labs is introducing Mecha Apes (known as a unique series of NFTs) by this year’s end. As per the leaked documents acquired by a media outlet named Protos, the developers of the Bored Ape Yacht Club (BAYC) wish to collect nearly $50M from the respective non-fungible tokens collection along with releasing up to 100,000 land plots in the virtual world.

Yuga Labs Might Release a Unique NFT Collection to Earn $50M

This news has triggered some significant speculations among the fans of the NFT series and many of them are working on finding some clues regarding Mecha Apes. A few were of the view that the rumor had consistency with the pitch deck of Yuga Labs, containing a roadmap of 2022 for the metaverse named Otherside.

The people familiar with the NFT world know about Otherside. This is a metaverse project initiated by BAYC and launched in April this year. At that point, nearly 100,000 digital land-based plots were sold on the behalf of Yuga Labs, returning a revenue of up to $600M cumulatively (taking into account the primary as well as the secondary sales).

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Nonetheless, a leaked pitch deck of Yuga Labs was brought to the front one month in advance of the highly-awaited launch. Several people, through the document (that comprised ninety pages), came to know before the time regarding Otherside as well as the future strategy to be followed by it. Although everything noted on that roadmap has not been followed by Yuga Labs, the group has achieved many landmarks.

Yuga Co-Founder Instantly Rejects the Rumored Release

Those achievements take into account the land sale and the launch of the $APE token according to the plan. With Mecha Ape being the eventual move present on the platform’s list, several are just speculating about the launch of the exclusive non-fungible tokens on the ecosystem of Otherside. Nevertheless, the details regarding this subject are rare and the look as well as the part to be played by it in Otherside is not known yet.

Normally, such exclusive ventures have always been kept a secret by Yuga Labs. On the disclosure of the pitch deck in March, Garga (the co-founder of Yuga) rapidly refuted the accuracy of that roadmap, asserting that it was an old as well as an orthodox pitch deck.

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Nathan Ferguson

By Nathan Ferguson

Nathan Ferguson is a talented crypto analyst and writer at Herald Sheets, dedicated to delivering comprehensive news and insights on the ever-evolving digital currency landscape. With a strong background in finance and technology, Nathan's expertise shines through in his well-researched articles and thought-provoking analysis. He holds a degree in Economics from the University of Chicago, and his passion for cryptocurrency drives him to stay up-to-date with the latest industry trends and developments.