In the past 30ย days, recent data outlines that sales of non-fungible cryptoย tokens (NFTs) originating from the Bitcoinย (BTC) blockchainย tech have surged to $173.28 Million. Surpassing 20 alternative blockchainย tech networks, Bitcoin-based Non-Fungibleย Tokenย (NFT) sales now secure the Second position in the realm of blockchainย tech sales, with only Ethereumย (ETH) reigning supreme.
Bitcoin-Based Non-Fungibleย Tokenย (NFTs) Storm the Market, Surpassing 20 Blockchainย Tech Competitors
Amidst the fervor surrounding the Ordinal inscription tendency, Bitcoin-based Non-Fungibleย Tokenย (NFTs) have skyrocketed in popularity. The sales amassed inย theย previous 30ย days firmly established the network as the second- largest in terms of sales within this time frame. Althoughย while Ethereumย (ETH) Non-Fungibleย Tokenย (NFT) sales saw $392.23 Million, this past 30ย days Bitcoinย (BTC) sales tallied up to $173.28 Million, up 408.29 percent from the 30ย days prior.
Nonetheless, there has been a wholeย lotย of 47 percent decline in the number of buyers for Bitcoin-based Non-Fungibleย Tokenย (NFTs), totaling 6,955 over the course of the past 30ย days. Insights from cryptoslam.io data highlight that the leading Non-Fungibleย Tokenย (NFT) collection, in terms of sales during this period, is the Bored Ape Yacht Club (BAYC).
The BAYC collection garnered $39,307,853 in sales inย theย previous 30ย days, closely followed by the Ordi BRC20 Non-Fungibleย Tokenย (NFTs), which amassed a slightly lower amount at $38,375,984. Noteworthy sales likewise transpired within other Bitcoin-centric Non-Fungibleย Tokenย (NFT) collections, including uncategorized Ordinals, likewise as Space Pepes.
Sales from uncategorized Ordinals reached $23,508,299, while Space Pepes accumulated $12,247,480 in sales. Inย addition, the Bitcoinย (BTC) Frogs Non-Fungibleย Tokenย (NFT) collection hopped its way to $9,849,639, while $NALS Non-Fungibleย Tokenย (NFTs) secured around $6,818,592 in sales inย theย previous 30ย days. The Bitcoinย (BTC) blockchainย tech took center stage as the birthplace of the top 5 most expensive Non-Fungibleย Tokenย (NFT) transactions during this period.
These included a $4.5 Million sale of a Space Pepe, likewise as 3 uncategorized Ordinals that fetched prices exceeding a Million dollars each. A Bitamigos Non-Fungibleย Tokenย (NFT), for its part, commanded a $1.3 Million price tag. It is likewise worth keepingย inย mindย that nine out of the top-priced Non-Fungibleย Tokenย (NFTs) sold theย previousย 30ย days were derived from Bitcoin.
As of May 24, 2023, the Bitcoinย (BTC) blockchainย tech has surpassed nine Million inscriptions, coinciding with the surge in Bitcoin-based Non-Fungibleย Tokenย (NFT) sales. This tendency has rewarded miners with an estimated value of approximately 1,495 BTC or $40.27 Million since the emergence of inscriptions on the chain.
Atย theย beginning, skepticism surrounded theย potential of Bitcoinย (BTC) to generate sufficient Non-Fungibleย Tokenย (NFT) activity to rival prominent Non-Fungibleย Tokenย (NFT) blockchainsย teck such as Solana (SOL) and Polygon. Nonetheless, the oldest blockchainย tech network in existence so far has demonstrated its prowess as a formidable competitor.
