Despite a plunge in monthly sales volume, Otherdeed continues to reach new milestones with the latest making the non-fungible token the fastest to reach $1 billion in all-time sales.
has become one of the must-have digital collections since launching on April 30, reaching a total sales volume of around $1.01 billion, according to Be[In]Crypto research.
The latest metric comes as a massive boost to the NFT sector which has seen decreased investor interest in recent months.
Otherdeed currently trails, Art Blocks, (MAYC), , Bored Ape Yacht Club ( ), and in ranks of all-time . However, in its three-month run, its sales have surpassed older projects such as , , , and .
What is Otherdeed?
Otherdeed NFTs are a dynamic collection containing essential game elements that are part of the Otherside. Overall, the entire supply cap stands at 100,000.
On the day of its launch, 55,000 parcels of land were put on sale while 45,000 were reserved foremployees/partners and Bored Ape NFT holders.
What contributed to the soaring Otherdeed sales volume?
When you assess the number of unique buyers from May, the spike in sales volume led to the NFTs soaring total transaction counts, with 20,541 unique buyers, and 42,098 transactions.
By the end of the month, the sales volume of approximately $943.71 million.
Despite the tumble in overall sales volume ofand in June, Otherdeed saw 3,225 unique buyers which corresponded to 6,646 transactions. By the end of June, sales stood at around $40.55 million.
Although overall NFT volume was down in July, Otherdeed still saw 2,483 unique buyers patronize digital collectibles, and this resulted in 4,633 transactions. Otherdeed sales volume for July was $30.88 million.
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