Yuga Lab's NFT projects have slid significantly amid crypto selloffs, with Otherdeed's daily transaction volume down more than 95% from ATH.
Yuga Labs’ NFTs Trading Volumes Slump Amid Crypto SelloffsYuga Lab’s NFT projects have slid significantly amid crypto selloffs, with Otherdeed’s daily transaction volume down more than 95% from ATH.
Otherdeeds are the NFT collection for claiming virtual land in Otherside, the metaverse space created by Yuga Labs – the parent company behind Bored Apes Yacht Club and Mutant Ape Yacht Club The trading volumes of Yuga Labs’s famed collections, including Otherside, BAYC, and MAYC, all dropped considerably, though they are still ranked as the top NFT projects by market caps.
Similar to Otherdeed, the asset’s transaction volume has decreased significantly since May 1st. BAYC is still the second most valuable NFT project – right after Cryptopunks – despite such a decline, whose market cap remains above $1.1 billion.
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