Bitcoin suffers a setback
Sales of non-fungible tokens (NFTs) experienced a decline of 11.16% in the past week compared to the previous week, according to data from cryptoslam.io. The total sales for this week amounted to $144.33 million, with Bitcoin-based NFTs contributing more than $49 million. However, the sales of digital collectibles on Bitcoin saw a decrease of 14.65%. NFTs on Ethereum generated $41.55 million in sales, also down by 11.7% from the prior week. Solana NFTs, ranking third in sales, earned nearly $26 million, with a modest increase of 5.73% this week. The Polygon network registered the fourth-highest NFT sales volume, generating $9.66 million, which was a 14.2% dip compared to the previous week. Immutable recorded $6.49 million in sales, marking an 8% uptick and making it the only other network in the top five to see an improvement in sales volume. The top-selling NFT collection for the week was the Uncategorized Ordinals from the Bitcoin blockchain, bringing in $22.9 million in sales. The Mythos’ Dmarket collection claimed the second spot with $5.817 million in sales, while the Nodemonkes collection from the Bitcoin blockchain saw a 10.56% increase in sales, reaching $4.77 million. Other notable collections included Mad Lads, CryptoPunks, Degods, and Solana Monkey Business. The most significant and expensive individual NFT sale for the week was Cryptopunk #3619, which sold for $627,991. The decline in sales week after week suggests a cautious sentiment among collectors, with a decrease of 86% in the number of active buyers compared to the previous week.
