Gucci announces collaboration NFT “KodaPendant” with Yuga Labs

KodaPendant launched

Luxury brand “Guccii” has announced limited sales of KodaPendant NFT (non-fungible token) and physical necklace as a collaboration project with Yuga Labs, a development studio such as NFT “Bored Ape Yacht Club (BAYC)”.

Introducing the first discovery of #OthersideRelicsByGuccia #GucciKodaPendant paying homage to the origins of @Othersidemeta. #GucciJewelry Discover more https://t.co/Fh6pSfmLHg pic.twitter.com/tNUDqLNe3h

— gucci (@gucci) April 3, 2023

The KodaPendant is an accessory for the avatar NFTs “Koda” and “Vessel” related to the Metaverse game “Otherside” scheduled to be released in the summer of 2023. Features such as special effects (Trail VFX) such as when moving 3D avatars and “brand chat handles” that can be identified with communication tools are added.

The KodaPendant will be issued in a limited edition of 3,333 pieces and will be sold on a first-come, first-served basis for 24 hours from 8:00 am (Japan time) on April 7th. ApeCoin (APE) is used for payment, and the price is about 260,000 yen (450 APE).

To purchase a KodaPendant, you must own a Koda NFT or Vessel NFT. The two NFTs will soon be available for Otherdeed owners to claim. Once purchased by a Koda/Vessel holder, the metadata of the NFT on hand will be updated to reflect the KodaPendant. Physical necklaces will be shipped in the summer of 2023.

Gucci announced on March 27 that it will enter into a multi-year partnership with development studio Yuga Labs, which includes the expensive NFT “Bored Ape Yacht Club (BAYC)” and Otherside. The KodaPendant is the first product of the NFT brand “Otherside Relics by Gucci” jointly produced by Gucci and Otherside.

Gucci prohibits the commercial use of Koda/Vessel images, including the KodaPendant, and holders do not have commercial rights to use the “Gucci logo/fonts.” Only original Koda/Vessel images must be downloaded and used for commercial use.

connection:Gucci signs multi-year partnership with YugaLabs

What is Otherside

Otherside is an open-world game that connects multiple popular NFT worlds and is considered a massively multiplayer online role-playing game (MMORPG).

Animoka Brands, which owns open metaverse and NFT-related subsidiaries such as “The Sandbox” and projects, is also collaborating, and will be developed as a “community-driven” platform where users can build various games and experiences.

Yuga Labs, creator of Otherside, is a Web3 company that aims to shape the future through stories, experiences and communities. In March 2010, a total of 450 million dollars (about 55 billion yen) was raised from major VC firms such as a16z and Animoca Brands.

connection:Yuga Labs Conducts Participatory Test of Metaverse “Otherside”

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