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- Otherdeeds NFTs are digital collectibles associated with Otherside.
- Otherside is the metaverse developed by Yuga Labs.
- Recently, the creators initiated its demo version which several visitors attended.
Otherside Metaverse Killing In Sales
The much anticipated otherside metaverse is still waiting for its launch. But it’s not affecting the sales of the Otherdeed NFT collection. As per the data offered by CryptoSlam, the digital collectible achieved the 1 Billion USD mark. They have established themselves among the most prominent collections in a really short span of time.
Yuga Labs announced Otherside in a Twitter post on March 19 2022. The mind-boggling trailer included the elements available in this universe. It also featured top crypto collections such as Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Meebits, CryptoPunks and more. Official release date of the metaverse is still unknown, but it is hoped that users will witness it soon.
Recently, Yuga Labs initiated the demo version of Otherside, which attracted 4,500 visitors. It allowed the entrants to visit a land dubbed Biogenic Swamps. The event allowed users to test the movements of their avatars in game. It gave an immersive and incredible glimpse that they may never forget. The visuals were stunning and everything in the environment — from little moving avatars to giant creatures swaying away those little ones — was eye-catchy.
NFT Market Action
As per the CryptoSlam data, BAYC witnessed a downturn in their sales by 32.5% in the past 30 days. Their cousin sisters MAYC were going through a similar plunge, and were falling off the cliff by 29.81%. Ethereum Name Service (ENS) was rising with 10,392 buyers and 34,280 transactions during the month. Highest gainers remain Meebits NFT collection where the sales volume grew by 141.38%.
Recent crypto bloodbath created a heavy turbulence in the market, disturbing the flow of the rest of the industries. Non-fungible token market got influenced the most in this Crypto Winter. This year is proving to be exactly opposite of 2021 for NFT space where the space boomed by over 21000% in the market volume. Everyone was fascinated by the profits these digital collectibles were offering.
The digital asset space is truly a volatile market where any boat onboard by the investors can get lost in the sea, clearing all the eggs from their baskets or offer some robust sails that can eventually lead them to some impeccable shores of profits.
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.
