Lands in the Otherside meta-universe sold in 3 hours, but the token’s rating dropped by 25%

All 55,000 land plots in the Otherside metaverse were successfully sold out in three hours. The demand for NFTs was huge, leading to a 1-transaction increase in gas.

Such growth is rare and occurs when users try to add their transaction to the blockchain before others, increasing the commission. And hundreds of thousands of participants do this. Some paid $ 5,000-$ 10,000 per transaction, and all users participating in the campaign paid a total of $ 172 million in fees. Just think about these figures.

In this regard, Yuga Labs decided to transfer ApeCoin to its own network and urged DAOs to start thinking about it.

As a result of the NFT sale, the project raised 16.7 million. ApeCoin — $ 317 000 000. This is a record for the first NFT mining. However, as the land sale campaign ended, the excitement subsided, and the APE token dropped in price by 25%.