Sales of Otherside NFT decreased by more than $ 900 million
Otherside has risen to the top 10 of the ranking of the largest NFT in terms of sales for all time. In just two months, the total sales of digital collectibles amounted to about 995.61 million dollars.
According to the Be[In]Crypto study, Otherside's sales volume in June amounted to about $40.55 million.
Source: Otherside chart, June 2022, compiled by CryptoSlam.
However, sales declines at Meebits, VeeFriends, NBA Top Shots, Axie Infinity, Moonbirds and Mutant Ape Yacht Club (MAYC) it was 95% compared to the volume of sales in May.
In May, sales totaled about $943.71 million.
Source: Otherside chart, May 2022, compiled by CryptoSlam. New to the Other?
Launched on April 30, 2022 by Yuga Labs (the same developer as Bored Ape Yacht Club, Mutant Ape Yacht Club and ApeCoin), Otherside Metaverse aims to become a huge multiplayer online role-playing game that will be connected to the BIKE ecosystem.
At the same time, about 10,000 participants can simultaneously play together using gaming NFT.
Why the drop in sales?
Looking at the drop in the number of unique buyers since June 2022, the drop in sales led to a sharp reduction in the number of transactions of digital collectibles: 3,225 unique buyers and 6,646 transactions.
In relation to May 2022, when the collection reached the peak of monthly sales, there were 20,514 unique buyers, and this corresponded to 42,098 transactions.
Having received less than $50 million, Otherside reached a new low in 2022, which is 903.16 million less sales compared to May.
Moreover, the average selling price fell by 27% from $22,417 in May to $6,102 in June
https://coin-signal.com/cryptonews/sales-of-otherside-nft-decreased-by-more-than-900-million/
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