According to WuBlockchain, when the Otherside Metaverse was created, the floor price of the largest and most popular collection on the NFT market, Bored Ape Yacht Club, increased to 137 ETH.
More than simply the floor price increased as a consequence of the announcement. BAYC’s transaction activity surged by 22% in 24 hours as a consequence of the raised floor price. Following an 11% increase in the floor price, traders in the MAYC collection increased by 86 percent in the preceding 24 hours.
Although the new Metaverse’s use of previously scattered apes has not been divulged, users anticipate a significant increase in the value of their non-fungibles once it begins to roll.