24/05/2023 In NFT Sales, Bitcoin Jumps to No. 2 Spot in a Matter of Months

According to data platform CryptoSlam, NFTs on Bitcoin have grossed about $167 million in the past thirty days, creeping up on Ethereum’s number one position.

Bitcoin-based non-fungible tokens (NFTs) have risen to second place for NFT sales per blockchain, according to Web3 data platformCryptoSlam, which is remarkable considering Bitcoin NFTs didn’t effectively exist before the enabling of inscriptions on the Bitcoin mainnet in January 2023.

The data shows that in the past thirty days,Bitcoin NFTshave grossed about $167 million, which is several figures shy of Ethereum’s near-$397 million. However, NFT sales on Bitcoin are nearly three times larger than on the Solana network, according to Cryptoslam, trailing behind at about $57 million.

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Bitcoin’s accelerated rise to prominence in the NFT space isfueled by the Ordinals Protocol, a mechanism for inscribing satoshis, the smallest unit of bitcoin, with data such as a JPEG. While they’ve beenmet with criticism in the Bitcoin community, NFT giantYuga Labs released their own Ordinals-based collection in February, fueling hype and capital into their adoption.

CryptoSlam reports Bitcoin Frogs as thecurrent top Bitcoin-based NFT collection, which has earned $6.3 million in sales over the past seven days. The collection got a pump last week, raking in$2.3 million in sales on May 17.

Arts

https://www.coindesk.com/web3/2023/05/22/in-nft-sales-bitcoin-jumps-to-no-2-spot-in-a-matter-of-months/

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Her Mind Had Gone Out For A Stroll & Fallen Down The Rabbit Hole' is the first programmable piece of art by Kitty Bast. The owner constructs, modifies & tattoos their very own Doll Lady... Is she falling down a rabbit hole, lost in a sea of cats or gazing into the unknown void? Do you like Pink Ladies or Lilac Ladies? Or do you pick the Wild Card? There's always a wild side to an innocent doll face. Is she obsessed with crypto ponies or crypto kitties? Or does she have an insatiable desire for Mr. Honey Badger. Come inside and have a nice cup of NFTea with the bunnies. Is your lady chained to the blockhain? Does your lady shed Bitcoin tears or ETH tears? Does your doll face don a Rotten Heart? Do you HODL to the Moon to meet the ETH Kitty? Do you have an obsession for cyborgs or Puddin'? Would you like a slice of Death by Pink? Is The Cat's Eye green or golden? Little trolls with mini daggers not included. The cheshire cat might trade you his ears for your goggles. Modifications of the Host. How long is forever? Sometimes, just one second.
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