Otherdeed NFTs, which are linked to land in the Otherside metaverse, registered $222 million in trading volume in the first quarter – a 237% increase from the previous quarter. According to the report, one Otherdeed NFT sold for 186 ETH – the highest recorded sale for virtual land last quarter. Earlier this month, Yuga Labsof its"Second Trip" for holders of Otherdeed NFTs, which likely contributed to its uptick.
Another reason for the increase in trading volume is due to NFT marketplace Blur's"airdrop seasons and farming," according to Sara Gherghelas, blockchain analyst at DappRadar."The NFT whales decided to farm [virtual] land, especially the MG Land project, which is an NFT collection."
Source: Digital Coin News (digitalcoinnews.net)
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