Bitcoin Reigns Supreme in NFT Market With Record-Breaking $853 Million in December Sales

In November, Bitcoin clinched the leading position in monthly non-fungible token (NFT) sales, and interestingly, this month Bitcoin continued to retain its top status, amassing a total of $853 million in sales.

NFT Sales Surge: Bitcoin Holds Top Spot With Unprecedented December Rise

Although NFT sales have declined in the past week, falling over 35% from the previous week, December witnessed a record-breaking $1.7 billion in NFT transactions. This marked an increase of more than 69% compared to November’s figures, with Bitcoin continuing to dominate NFT sales across blockchains. Moreover, BTC-based NFT sales soared 127.63% above the chain’s November totals, according to cryptoslam.io statistics.

Bitcoin Reigns Supreme in NFT Market With Record-Breaking $853 Million in December Sales

In December, Bitcoin’s NFT sales reached $853 million, while Ethereum’s NFT sales totaled $364.79 million. BTC-focused NFT sales outpaced ETH’s, being 2.34 times greater in December. Solana secured the third spot with about $325.14 million in NFT sales, experiencing a 312% increase from November’s Solana-centric NFT figures. Following the top three, Polygon and Arbitrum were the subsequent leading blockchains in NFT sales.

The highest-valued NFT transaction of December featured a digital copy of Vincent Van Gogh’s Self-portrait, 1888 (Van Gogh’s painting #216), which commanded a price of $1.19 million. Ethereum hosted the sale of Frxethredemption Ticket #33, bringing in $638,433 this month. Additionally, Cardano’s Deep Vision #05128 fetched $551,750, while BNB’s Lockdealnft #91 garnered $329,824. Completing the list of December’s five most costly NFTs was Solana’s Boogle #009, selling for $274,209.

Out of the top ten NFT collections in terms of sales, seven of them derive from the Bitcoin blockchain. Solana’s Tensorians took the fifth position in terms of sales and the chain’s Mad Lads collection held the eighth spot. Arbitrum’s Sentry Node collection took the ninth position this past month. In December there were 11,290,812 NFT transactions between 469,389 sellers and 600,744 NFT buyers.

As Bitcoin secures the top spot in NFT sales for November and December, amassing impressive figures, the crypto community watches with bated breath. Will this be a sustaining trend or a fleeting moment of dominance in the NFT world? Only time will tell if Bitcoin can maintain its lead or if the tides will turn, reshaping the landscape of NFT sales in the blockchain world.

What do you think about the NFT sales in December? Share your thoughts and opinions about this subject in the comments section below.

from Bitcoin News https://ift.tt/MzbI8DF

Comments

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m...

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli...

Ombudsman Receives Complaints About Crypto Investments in Spain

The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees in the country. In the same way, the EU has also warned about these assets recently. Spanish Ombudsman Gives His Take on Crypto Angel Gabilondo, the Spanish ombudsman, has given his take regarding cryptocurrencies and the effects they have on citizens investing in some of these projects. Gabilondo said in his yearly report that cryptocurrencies have become “a new problem” during the year examined, with many people having lost all of their funds invested. The report states : Cryptocurrency exchange companies or platforms are not regulated in the legal system, are not subject to any public supervision system, nor do they benefit from deposit guarantee systems. The affected users that sought...

breaking news this december get instant daily breaking news

Search This Blog