All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, do your own research before making any kind of investment.
NFT Sales Up 31% Last Week!
NFT sales exceeded expectations in the past week, showing a significant increase of 31.22%. Over seven days, NFT sales totaled $208.17 million. This significant increase can be attributed to the presence of digital collectibles originating from the bitcoin blockchain.
Bitcoin NFT Sales: What’s Happening?
According to data from Cryptoslam.io on May 14, 2023, Bitcoin NFT sales across 21 different blockchains have emerged as a significant contributor to the digital collectibles landscape. Although Ethereum continues to lead the charts with $111.26 million. However, Bitcoin-based NFTs, also known as simple fiat, secured second place.
The data reveals that Bitcoin NFT sales reached $53,433,451. Thus, it ranks second among the 21 chains in terms of blockchain sales. Over the past week, Bitcoin collectibles have increased by an impressive 187.54%. In addition, Mythos Blockchain’s collectibles experienced a massive increase, rising by 69.66% to $11.73 million. This increase propelled Mythos to the third position among the top blockchains based on volume.
Solana, which previously held the second largest position, is now in fourth place in terms of NFT sales per blockchain. Solana recorded $8,789,106 in the last seven days, which reflects a 21.16% decrease compared to the previous week. Polygon ranked fifth with figures amounting to $7.79 million, showing a decrease of 7.07%.
The latest data for NFTs
In terms of digital collectibles, the data from cryptoslam.io shows that “unclassified ordinals”, which are essentially random ordinals not linked to any collection, secured the top spot. Unrated Ordinal achieved sales of $15.62 million.
Bored App Yacht Club (BAYC), based on Ethereum, took second place this week with total sales reaching $13.80 million in the last seven days. The Dmarket collection of the Mythos chain took third place, with the majority of Mythos NFT sales originating from transactions in the Dmarket collection.
In fourth place, ORDI BRC-20 tokens recorded $11,044,110 in weekly sales, while Ethereum’s Milady Maker collection sold $10,376,102 in the same period, placing fifth. In particular, the bitcoin-based Space Peps experienced a remarkable spike in sales, earning $4,607,834 over the past seven days, representing a staggering 2,142.35% increase compared to last week.
Furthermore, an NFT from the series sold for $4.5 million, making it the most expensive sale of the week. Interestingly, the remaining top five most valuable NFT sales over the past week all belonged to the Unclassified Ordinals category.
