KEY POINTS
Bitcoin-based non-fungible tokens (NFTs) continue to demonstrate their staying power, closing out March with sales surpassing the $500 million mark.
Data from CryptoSlam reveals that Bitcoin NFTs racked up a total of $514,060,270 in sales throughout March, outpacing competitors Ethereum and Solana, which recorded $489,540,071 and $243,408,592 in sales, respectively.
Leading the pack in Bitcoin-based NFT collectibles sales over the past 30 days are NodeMonkes and Bitcoin Shrooms.
The momentum appears set to continue into April for Bitcoin, with sales reaching $23 million in just the first three days, closely followed by Ethereum with $21 million and Solana trailing at $17 million.
This isn’t the first time Bitcoin NFTs have surged ahead of Ethereum and Solana. Last month, during the first week of March, Bitcoin NFTs saw a significant increase of 76.97%, totaling over $172 million in sales. As March drew to a close, Bitcoin NFTs experienced another surge, boasting a 50% increase in sales within 24 hours, amounting to $16 million.
Since their introduction in January 2023, Bitcoin NFTs have captured the attention of the NFT community. By December 2023, Bitcoin NFTs had already achieved a significant milestone, surpassing $881 million in sales.
While the upcoming Bitcoin halving event expected this month may not directly impact NFTs, it could influence the overall market dynamics and investor sentiment, potentially explaining and fueling further growth in the Bitcoin NFT ecosystem.
