Despite declining monthly sales volume, Otherdeed continues to reach new milestones, making the latest non-fungible coin the fastest to reach $1 billion in all-time sales.
According to Be, Otherdeed has become an essential digital collection since its launch on April 30, with total sales volume reaching nearly $1.01 billion.[In]crypto research.
The latest metric comes in the form of a massive boost to the NFT sector which has seen a dip in investor interest in recent months.
Otherdeed currently trails NBA Top Shot, Art Bloks, Mutant Ape Yacht Club (MAYC), Kryptopunks, Bored Ape Yacht Club (BAYC), and Axie Infinity in the ranks of all-time sales volume. However, in its three-month run, its sales have outpaced older projects such as WeFriends, Meebits, The Sandbox and Bored Ape Kennel Club.
What is otherdeed?
Otherdeed NFTs is a dynamic collection containing essential game elements that are part of the Otherdeed metaverse. Overall, the overall supply cap is 100,000.
On the day of its launch, 55,000 parcels of land were put up for sale, while 45,000 were reserved for Yuga Labs employees/partners and bored app NFT holders.
What contributed to the increase in sales of Otherdeed?
When you measure the number of unique buyers since May, the increase in sales volume led to an increase in the number of NFT transactions with 20,541 unique buyers and 42,098 transactions.
As of the end of the month, sales volume was approximately $943.71 million.
The other deed saw 3,225 unique buyers, corresponding to 6,646 transactions, despite a drop in overall sales of digital collectibles and the NFT marketplace in June. As of the end of June, sales were approximately $40.55 million.
Although overall NFT volume was low in July, OtherDeed saw 2,483 unique buyers patronizing digital collectibles, and this resulted in 4,633 transactions. Other sales volume for July was $30.88 million.