Bitcoin Reigns Supreme in NFT Market With Record-Breaking $853 Million in December Sales
In November, Bitcoin clinched the main place in month-to-month non-fungible token (NFT) gross sales, and apparently, this month Bitcoin continued to retain its prime standing, amassing a complete of $853 million in gross sales.
NFT Gross sales Surge: Bitcoin Holds High Spot With Unprecedented December Rise
Though NFT gross sales have declined prior to now week, falling over 35% from the earlier week, December witnessed a record-breaking $1.7 billion in NFT transactions. This marked a rise of greater than 69% in comparison with November’s figures, with Bitcoin persevering with to dominate NFT gross sales throughout blockchains. Furthermore, BTC-based NFT gross sales soared 127.63% above the chain’s November totals, in line with cryptoslam.io statistics.
In December, Bitcoin’s NFT gross sales reached $853 million, whereas Ethereum’s NFT gross sales totaled $364.79 million. BTC-focused NFT gross sales outpaced ETH’s, being 2.34 instances better in December. Solana secured the third spot with about $325.14 million in NFT gross sales, experiencing a 312% improve from November’s Solana-centric NFT figures. Following the highest three, Polygon and Arbitrum had been the next main blockchains in NFT gross sales.
The best-valued NFT transaction of December featured a digital copy of Vincent Van Gogh’s Self-portrait, 1888 (Van Gogh’s portray #216), which commanded a value of $1.19 million. Ethereum hosted the sale of Frxethredemption Ticket #33, bringing in $638,433 this month. Moreover, Cardano’s Deep Imaginative and prescient #05128 fetched $551,750, whereas BNB’s Lockdealnft #91 garnered $329,824. Finishing the record of December’s 5 costliest NFTs was Solana’s Boogle #009, promoting for $274,209.
Out of the highest ten NFT collections by way of gross sales, seven of them derive from the Bitcoin blockchain. Solana’s Tensorians took the fifth place by way of gross sales and the chain’s Mad Lads assortment held the eighth spot. Arbitrum’s Sentry Node assortment took the ninth place this previous month. In December there have been 11,290,812 NFT transactions between 469,389 sellers and 600,744 NFT consumers.
As Bitcoin secures the highest spot in NFT gross sales for November and December, amassing spectacular figures, the crypto group watches with bated breath. Will this be a sustaining development or a fleeting second of dominance within the NFT world? Solely time will inform if Bitcoin can keep its lead or if the tides will flip, reshaping the panorama of NFT gross sales within the blockchain world.
What do you concentrate on the NFT gross sales in December? Share your ideas and opinions about this topic within the feedback part under.
