NFT Sales Increased By 31% This Week, Bitcoin NFTs, As Bitcoin NFT Leaped To 187%.

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Non-fungible token (NFT) sales witnessed a rise this week, recording a 31.22% increase compared to the preceding week. The cumulative value of NFT sales amounted to $149.31 million from April 29 to May 6, 2023.

Throughout the seven-day interval, NFT sales attained $208.17 million. The substantial rise in this week’s NFT sales can be credited to the appearance of NFTs originating from the Bitcoin blockchain.

Bitcoin NFT sales have emerged as a key contributor in the digital collectible sales landscape, among 21 distinct blockchains according to cryptoslam.io data 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.

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’s NFT sales leaped by 187.54% compared to the prior week.

Mythos blockchain’s 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.

Also Read: More Than $119 Million In Crypto Hijacked By Hackers In 2023, NFT Rug Pull Surges.

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 – a reduction of 21.16% compared to the previous week. The fifth blockchain with the greatest sales volume for this past week was Polygon’s $7.79 million, decreasing by 7.07%.

On NFT collections, cryptoslam.io data discloses that “Uncategorized Ordinals,” 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.

Ethereum’s 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’s Dmarket collection secured third place, and the majority of Mythos’ NFT sales stemmed from the Dmarket collection’s transactions.