Key Takeaways:
- Bitcoin-based NFTs recorded $148 million in sales over the past 30 days, making them the second-highest in monthly sales after Ethereum.
- Bitcoin now ranks third in all-time NFT sales, surpassing the Ronin blockchain with $4.27 billion in sales.
- The overall NFT market experienced a significant downturn, with top blockchains seeing at least a 40% drop in 30-day sales volume.
Bitcoin-based NFTs have achieved significant milestones recently.
Over the past 30 days, they recorded $148 million in sales, making them the second-highest in monthly sales, just behind Ethereum’s $157 million.
JUST IN: #BITCOIN NFTS SURPASS @RONIN_NETWORK FOR ALL-TIME SALES
— BSCN Headlines (@BSCNheadlines) June 18, 2024
This surge has propelled Bitcoin to third place in all-time NFT sales, surpassing the Ronin blockchain.
Bitcoin’s all-time NFT sales now stand at $4,271,928,280 billion, slightly ahead of Ronin’s $4,271,675,550 billion.
Despite these impressive figures, the overall NFT market has experienced a downturn, with the top three blockchains (Ethereum, Solana, and Bitcoin) each seeing at least a 40% drop in 30-day sales volume.
Jeff Zirlin, co-founder of Sky Mavis, noted that while Bitcoin NFTs are still primitive and not focused on gaming, the increased adoption of NFTs is a positive trend.
In the past 30 days, Bitcoin-based NFTs achieved $148 million in sales, pushing #Bitcoin to surpass #Ronin with an all-time #NFT sales volume of $4.27 billion, placing it third after #Ethereum and Solana in the rankings.
— TOBTC (@_TOBTC) June 18, 2024
Despite a market-wide decline in NFT sales, Bitcoin NFTs… pic.twitter.com/uihScYPfKo
The broader NFT market saw a notable decrease in sales from April to May, with monthly volume dropping by 54% from over $1 billion in April to $624 million in May.
About The Author
Victor Fawole, a seasoned Web3 content creator and social media influencer, excels in bringing the pulse of the crypto world to our readers.
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