33,000 people now own an Otherdeed for Otherside NFT, representing land in the Otherside metaverse. They went live on OpenSea May 1st.
Keen early investors have racked up a trading volume of about 10,000 sales every 24 hours since then. In total the volume traded exceeds over 170,000 ETH.
Otherdeed for Otherside NFT Marketcap
According to Coingecko the top trending NFT collection is Otherdeed for Otherside with a 24h volume of 84,000 ETH.
In terms of market capitalization they are already ranked in the top five by market cap, their market cap of almost 380,000 ETH overtaking CloneX and not far behind the Mutant Ape Yacht Club.
Only the Bored Ape Yacht Club and CryptoPunks have a significantly higher market cap, the #1 and #2 ranked NFT collections.
Otherdeed for Otherside may continue to rise in valuation however and flip MAYC and Punks.
Otherdeed for Otherside NFTs
The description of the Otherdeed for Otherside NFT collection on OpenSea reads:
Otherdeed is the key to claiming land in Otherside. Each have a unique blend of environment and sediment — some with resources, some home to powerful artifacts. And on a very few, a Koda roams.
Not much is known about Kodas yet but rare virtual land deeds will also be home to one, randomly assigned to different Otherdeed NFT land plots and increasing their value. There are rumors Koda NFTs will form their own collection.
ApeCoin was also accepted to mint land in Otherside, and to buy Otherdeed NFTs on OpenSea. APE has at points been the top trending crypto token on Coinmarketcap and pumped to $27 before the Otherside launch, before retracing to around $14 – $15.
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Cryptoassets are a highly volatile unregulated investment product.