The NFT market hit an all-time high of $476 million on May 1, driven by the sale of the Otherdeed virtual parcel of Yuga Labs’ metaverse project Otherside, according to the latest data disclosed by blockchain analytics platform Dune Analytics.
The previous record for OpenSea’s highest single-day sales occurred on August 29, 2021, with nearly $323 million in transactions that day. According to NFTGo.io data, Otherdeed’s transaction volume in the secondary market is approaching $600 million so far, and it has now reached $592.68 million, with a market value of about $487.5 million.
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