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Bitcoin-Based NFT Sales Gain Momentum, Ethereum Still Reigns Supreme

Last week saw a slight increase in non-fungible token (NFT) sales, with a rise of 1.46% compared to the previous week, reaching a cumulative value of $149.31 million. However, sales skyrocketed by 31.22% in the most recent week, reaching $208.17 million, thanks to the emergence of NFTs from the Bitcoin blockchain. Bitcoin-based NFTs, also known as Ordinal inscriptions, have become a significant contributor to the digital collectible sales landscape, ranking second among 21 distinct blockchains. The top NFT collection in terms of sales this week was "Uncategorized Ordinals," with Ethereum's Bored Ape Yacht Club (BAYC) coming in second.

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