KEY POINTS
Bitcoin non-fungible tokens (NFTs) are maintaining their momentum, securing the top spot in weekly sales.
According to data from CryptoSlam, Bitcoin has experienced a surge of +76.97% in weekly sales, accumulating a total exceeding $172 million. This places Bitcoin at the forefront of the NFT market, outpacing other prominent blockchains. Ethereum, in the second position, recorded $164 million in sales over the past seven days, while Solana claimed the third spot with $64 million in sales.
Among the standout Bitcoin NFT sales in the last week were contributions from Budgie, Protoshrooms, and NodeMonkes. Three NFTs from these collections — holding the top three positions in terms of sales — collectively garnered 33.6 BTC, equivalent to over $2 million.
Examining monthly sales, the initial four days of March alone witnessed Bitcoin NFT sales surpassing $104 million, indicating a promising month ahead. This follows a trend from February, which saw total sales reaching $301 million.
Bitcoin’s dominance in the NFT space is not unexpected, given its performance in December 2023, where it set a record by surpassing $881 million in monthly sales.
The ongoing success of Bitcoin NFT sales can also be attributed to productive auctions and collections launched this year and throughout 2023.
In December 2023, Sotheby’s “BitcoinShrooms” NFT auction exceeded expectations, amassing $450,850, with individual NFTs fetching 5-8 times higher than estimated prices. In January of this year, Sotheby’s continued its foray into the Bitcoin-based NFT market with the “Natively Digital” auction, featuring artworks from various artists and achieving over $1 million in sales.
Additionally, last month witnessed the complete sell-out of Taproot Wizards’ Bitcoin NFT collection, “Quantum Cats,” with a total sales value of $12.9 million.
