{"id":20932,"date":"2023-05-14T21:23:29","date_gmt":"2023-05-14T21:23:29","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/nft-sales-surge-31-this-week-as-bitcoin-nfts-secure-second-place-in-blockchain-sales-market-updates-bitcoin-news\/"},"modified":"2023-05-14T21:23:29","modified_gmt":"2023-05-14T21:23:29","slug":"nft-sales-surge-31-this-week-as-bitcoin-nfts-secure-second-place-in-blockchain-sales-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/nft-sales-surge-31-this-week-as-bitcoin-nfts-secure-second-place-in-blockchain-sales-market-updates-bitcoin-news\/","title":{"rendered":"NFT Sales Surge 31% This Week as Bitcoin NFTs Secure Second Place in Blockchain Sales \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Non-fungible token (NFT) sales witnessed a minor rise last week, registering a humble increase of around 1.46% compared to the preceding week. The cumulative value of NFT sales amounted to $149.31 million from April 29 to May 6, 2023. Nevertheless, the most recent week exceeded anticipations, as sales skyrocketed by 31.22%. Throughout the seven-day interval, NFT sales attained $208.17 million. The substantial rise in this week\u2019s NFT sales can be credited to the appearance of NFTs originating from the Bitcoin blockchain.<\/strong><\/p>\n

Bitcoin-Based NFT Sales Gain Significant Momentum<\/h2>\n

Bitcoin NFT sales have emerged as a key contributor in the digital collectible sales landscape, among 21 distinct blockchains as per cryptoslam.io data<\/a> documented on May 14, 2023. Ethereum NFT sales continued to reign supreme with $111.26 million in NFT sales; however, the runner-up position was held by Bitcoin-based NFTs, also known as Ordinal inscriptions.<\/p>\n

\"NFT
NFT sales over the last seven days according to cryptoslam.io statistics on May 14, 2023.<\/figcaption><\/figure>\n

Data demonstrates that Bitcoin NFT sales secured $53,433,451 and clinched the second-place position regarding blockchain sales out of the 21 chains. Bitcoin\u2019s NFT sales leaped by 187.54% compared to the prior week.<\/p>\n

\"NFT
The top five blockchains in terms of NFT sales on May 14, 2023.<\/figcaption><\/figure>\n

Mythos blockchain\u2019s NFTs also experienced a sizable boost as NFT sales climbed by 69.66% to claim $11.73 million this previous week. The ascent propelled Mythos into the third-largest rank considering top blockchains by NFT sales volume.<\/p>\n

Solana, which formerly occupied the second-largest spot, now stands at fourth in terms of NFT sales per blockchain. In the last seven days, Solana recorded $8,789,106 \u2013 a reduction of 21.16% compared to the previous week. The fifth blockchain with the greatest sales volume for this past week was Polygon\u2019s $7.79 million, decreasing by 7.07%.<\/p>\n

\"NFT
The top five NFT collections in terms of sales on May 14, 2023.<\/figcaption><\/figure>\n

Regarding NFT collections, cryptoslam.io data discloses that \u201cUncategorized Ordinals,\u201d essentially random Ordinals not part of any collection, achieved the top collection status in sales this week. Uncategorized Ordinals managed to register $15.62 million in NFT sales.<\/p>\n

Ethereum\u2019s Bored Ape Yacht Club (BAYC) claimed the second spot this week with $13.80 million in overall sales within the past seven days. The Mythos chain\u2019s Dmarket collection secured third place, and the majority of Mythos\u2019 NFT sales stemmed from the Dmarket collection\u2019s transactions.<\/p>\n

In fourth place, ORDI BRC-20 NFTs documented $11,044,110 in weekly sales, while Ethereum\u2019s Milady Maker NFT collection amassed $10,376,102 in sales during the identical timeframe and ranked fifth this week. A notable climber this week concerning NFT sales was Bitcoin-based Space Pepes with $4,607,834 accrued over the past seven days \u2013 a spike of 2,142.35% compared to the previous week.<\/p>\n

Moreover, a single NFT from the series was sold for $4.5 million, making it the most expensive sale of the week. Interestingly, the remaining top five most valuable NFT sales in the past week all belonged to the Uncategorized Ordinals category.<\/p>\n

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Bitcoin<\/a>, Blockchain<\/a>, Bored Ape Yacht Club<\/a>, Cryptocurrency<\/a>, Digital Collectibles<\/a>, Ethereum<\/a>, Mythos<\/a>, NFT sales<\/a>, Polygon<\/a>, Solana<\/a>, Space Pepes<\/a>, Uncategorized Ordinals<\/a><\/div>\n<\/div>\n

What are your thoughts on the recent surge in NFT sales and the impact of Bitcoin-based NFTs? Share your opinions and insights in the comments section below. <\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 7,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, cryptoslam.io<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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