{"id":444558,"date":"2022-05-10T09:10:39","date_gmt":"2022-05-10T06:10:39","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/otherside-nfts-fall-below-mint-price-while-cheaper-eth-sees-sales-volume-boost\/"},"modified":"2022-05-10T09:10:39","modified_gmt":"2022-05-10T06:10:39","slug":"otherside-nfts-fall-below-mint-price-while-cheaper-eth-sees-sales-volume-boost","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/otherside-nfts-fall-below-mint-price-while-cheaper-eth-sees-sales-volume-boost\/","title":{"rendered":"# Otherside NFTs fall below mint price while cheaper ETH sees sales volume boost"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a295a88180fc\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a295a88180fc\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/otherside-nfts-fall-below-mint-price-while-cheaper-eth-sees-sales-volume-boost\/#%E2%80%9D_Otherside_NFTs_fall_below_mint_price_while_cheaper_ETH_sees_sales_volume_boost_%E2%80%9C\" >&#8221; Otherside NFTs fall below mint price while cheaper ETH sees sales volume boost &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Otherside_NFTs_fall_below_mint_price_while_cheaper_ETH_sees_sales_volume_boost_%E2%80%9C\"><\/span>&#8221; Otherside NFTs fall below mint price while cheaper ETH sees sales volume boost &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvMmQyNmFhOWUtZDMzNC00YWVmLTlmNWYtOTQyYzU0Nzk4NGQ5LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>The contentious Otherdeed for Otherside nonfungible token (NFT) floor price has dropped below its mint price to 2.45 ETH worth about $5,713 as other major collections are also getting hit.<\/p>\n<p>The Otherdeed for Otherside collection from Yuga Labs, makers of the Bored Ape Yacht Club (BAYC) collection, was a highly anticipated NFT mint for land in their upcoming Metaverse platform. Users paid for the land with 20 Apecoin (APE) tokens and paid gas fees in Ether (ETH). <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The Otherside is now below mint price (including gas)&#8230;<\/p>\n<p>If you got gassed out or failed to KYC&#8230; <\/p>\n<p>Well here&#8217;s your chance again&#8230; <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/TheOtherSide?src=hash&amp;ref_src=twsrc%5Etfw\">#TheOtherSide<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BAYC?src=hash&amp;ref_src=twsrc%5Etfw\">#BAYC<\/a>  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/qnDJi2DOvh\">pic.twitter.com\/qnDJi2DOvh<\/a><\/p>\n<p>\u2014 APE_G4NG (@ape_g4ng) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ape_g4ng\/status\/1523729028703678464?ref_src=twsrc%5Etfw\">May 9, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nHowever, the hype over the fresh mint seems to have corroded already as the collection\u2019s floor price dipped to 2.45 ETH before stabilizing again according to NFT market\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/nftgo.io\/collection\/otherdeed\/overview\">NFTGO<\/a>. Each Otherside item cost about $6,000 to mint, or 2.5 ETH at the time of launch.<\/p>\n<p>The floor price has been slipping since May 4 when it hovered at about 3.5 ETH, which then was worth nearly $10,000. <\/p>\n<p>Otherdeed caused a stir in the market during its mint day when it clogged up the ETH network and drove gas prices to astronomical levels, leading Yuga Labs to admit there was a problem as it refunded gas costs for all failed transactions.<\/p>\n<p>In addition to Yuga\u2019s Otherdeed collection, the ubiquitous BAYC collection floor price has taken a big hit over the past seven days. Since May 4, BAYC floor price has dropped by 15% to 91 ETH. While that still comes out to a dollar value of about $212,000, it is nearly $100,000 less than a week ago.<\/p>\n<p>Another major collection that has suffered from a diminishing floor price is Azuki, the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/anime-manga\/\" data-internallinksmanager029f6b8e52c=\"6\" title=\"Anime || Manga\" target=\"_blank\" rel=\"noopener\">anime<\/a>-inspired art NFTs. Since May 4, Azuki floor price has shrunk by over 50% from 30.5 ETH to 15 ETH. <\/p>\n<p>Each of BAYC, Otherdeed, and Azuki are trading among the top ten collections on the largest NFT marketplace OpenSea.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>NFT market well-positioned to grow 35% into a $13.6B industry by 2027<\/em><\/strong><\/p>\n<p>The major cause for the drop in floor prices may be the sluggish sales volumes across the entire NFT market. Whereas the seven day volume for NFTs has been on a steep decline up to May 9.<\/p>\n<p>The past 24 hours has seen a nearly equal and opposite reaction from the market, however. Since yesterday, sales volume has spiked by 32% according to NFTGO. <\/p>\n<p>By collection, Otherdeeds 24 hour sales volume is up 52%, BAYC is up 30.5%, and Azuki is up a whopping 1802%. It is possible that the lower ETH prices are signalling a deal for NFT collectors. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"nifty_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/otherside-nfts-fall-below-mint-price-while-cheaper-eth-sees-sales-volume-boost\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Otherside NFTs fall below mint price while cheaper ETH sees sales volume boost &#8220; The contentious Otherdeed for Otherside nonfungible token (NFT) floor price has dropped below its mint price to 2.45 ETH worth about $5,713 as other major collections are also getting hit. The Otherdeed for Otherside collection from Yuga Labs, makers of&#8230;<\/p>\n","protected":false},"author":1,"featured_media":444559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvMmQyNmFhOWUtZDMzNC00YWVmLTlmNWYtOTQyYzU0Nzk4NGQ5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[95118,75164,74880],"class_list":["post-444558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-nft","tag-price-analysis","tag-transactions"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/444558","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=444558"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/444558\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/444559"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=444558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=444558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=444558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}