APE holders could expect some bulls their way thanks to this NFT detail

• The attention on Otherdeeds and other NFT collections positively affected ApeCoin
• Otherdeeds for Otherside NFT fundraising raised the most revenue through royalties

Otherdeeds for Otherside, a popular NFT collection from the Yuga Labs cohort, topped the charts in terms of revenue collected through royalties.

Other NFT collections, such as BAYC [Bored Ape Yacht Club] and MAYC [Mutant Ape Yacht Club]under Yuga Labs, also showed growth on this aspect.

Read ApeCoins [APE] Price prediction 2023-2024

ApeCoin boasts NFT royalty

The Otherdeeds collection collected $49.9 million through royalties during the year, outperforming many other NFT collections. Other collections, such as BAYC and MAYC collected $32.3 million and $25.6 million respectively in revenue.

Source: The Milky Way

The increasing revenues generated by these collections indicated the successful year these NFT collections had despite the bear market. According to data provided by NFT GO, the floor prices of both BAYC and MAYC have grown over the past 30 days.

During the last month, the floor price for BAYC increased by 9.76%. The floor price of MAYC also increased by 27.71% during that time.

Source: NFT GO

But that wasn’t all. Yuga Labs’ NFT collections also saw improvements in terms of volume and sales. According to data provided by Dapp Radar, the volume of the Otherdeed collection increased by 42.9% in the last 30 days.

The number of sales made by NFT also increased by 118% in the same period. This increase in sales was one reason why this collection could generate a lot of income.

The popularity of these NFT collections ended up having a beneficial effect on the APE token.

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Apes around

Whales started to show increased interest in the APE token in the last month. This was indicated by the increasing percentage of APE held by large addresses. Interest from whales helped APE’s price as it moved in a positive direction.

The activity of the APE token also increased during this period. The daily active addresses on the network have grown from 2,622 to 3,233 over the past two weeks. Another indicator of increasing activity was the increase in speed. An increasing rate suggested that the frequency with which APE was being traded was increasing.

Source: Sentiment

It is yet to be determined whether APE continued to move in a positive direction and whether it could capitalize on the growth of its associated NFTs.

At the time of writing, APE was trading at $4.15. The price was up 4.14% up to press time, according to CoinMarketCap.