PANews reported on October 28th, according to Decrypt, that Yuga Labs announced that Koda Nexus, the core social hub of its Bored Ape Yacht Club-themed metaverse project Otherside, will officially open on November 12th. The hub's openness and social hub are only the first of a three-tiered architecture for the world. Next comes the gaming layer, which will include numerous quests and battles created by developers and independent creators; and the Otherside Development Kit (ODK), a toolset for building and publishing creations within the game world.
Yuga Labs also revealed that Otherside will be featured on the Amazon Games homepage, promoting its metaverse brand to Amazon's millions of users. The company will collaborate with Amazon to launch an exclusive co-branded Voyager character named "Boximus," who can explore the Otherside metaverse. Related merchandise will be available in the Otherside brand store starting Thursday. Yuga has also collaborated with artist Daniel Arsham to launch a limited-edition 300-piece Voyager collection, combining exquisite artwork with interactive digital collectibles that evolve over time.

Analysts say the crypto market has already priced in Wednesday's interest rate cut, but the Federal Reserve remains divided on an additional cut in December. The Federal Reserve Open Market Committee (FOMC) announced a 25 basis point interest rate cut on Wednesday, bringing the target Federal Funds rate down to 3.75%-4%.Wednesday’s rate cut was “fully priced in” by investors, who widely anticipated the decision, according to Matt Mena, a market analyst at investment company 21Shares. Mena also forecast:Asset prices remained flat or fell by modest amounts on Wednesday following the FOMC decision, with the price of Bitcoin (BTC) falling by about 2.4% at the time of writing, following Federal Reserve Chair Jerome Powell’s comments signaling that FOMC members are divided on a December rate cut. Read more

