25/12/2023 NFT Sales Dip — Bitcoin Dominance and Solana's Rise Challenge Ethereum’s NFT Authority

NFT Sales Dip — Bitcoin Dominance and Solana's Rise Challenge Ethereum’s NFT Authority

In the last week, sales of non-fungible tokens (NFTs) have fallen by 12.26%, totaling $463.87 million, marking a decrease from the previous week. NFTs centered around Bitcoin topped the chart, amassing $265.61 million in sales, despite a 13.71% decline from the preceding week. Meanwhile, Solana NFTs climbed to the second rank, relegating Ethereum to third place in this week’s sales.

NFT Market Update: Digital Collectible Sales Slide 12.26% Lower Than Last Week

As NFT sales began climbing once more with Bitcoin surging to the forefront since early November, this week witnessed a 12.26% dip in sales, according to figures from cryptoslam.io. Conversely, the count of NFT buyers surged by 72.05%, and sellers increased by 56.61%.

This week’s priciest NFT, “Deep Vision #05128” on Cardano, fetched $551,750. Ethereum’s “Frxethredemption T” followed with a $369,208 sale price, and BNB’s “Lockdealnft #91” closed at $329,824.

Bitcoin’s “Bitcoin Frog #8518” garnered $137,957, while Avalanche’s “Nodeldnft #126” and Solana’s “#3524” realized $51,312 and $39,492 respectively, rounding off the top six most expensive NFT sales by blockchain.

Among the ten leading NFT collections over the past week, nine hailed from the Bitcoin blockchain, with only Solana’s “Open Solmap” compilation breaking in as the fifth highest, amassing $10.24 million in sales.

Previously, Ethereum-based ‘blue chip’ NFT collections like Cryptopunks and Bored Ape Yacht Club (BAYC) dominated sales charts. Yet this week, BAYC dropped to 27th, and Cryptopunks to 45th, as Bitcoin led the pack again with $265.61 million in sales, representing 57.25% of all NFT transactions this week.

NFT Sales Dip — Bitcoin Dominance and Solana's Rise Challenge Ethereum’s NFT AuthorityThe top four blockchain networks in terms of NFT sales according to cryptoslam.io.

Solana recorded $88.42 million in sales, while Ethereum pulled in $75.91 million. A while back, Ethereum previously enjoyed the majority of NFT sales, but this week saw Solana’s share at 19.06% and Ethereum’s at 16.36%.

Additionally, NFT transactions on the BNB chain surged by 118.84%, with Arbitrum seeing a 39.48% spike and Avalanche enjoying a 28.74% increase compared to last week. Despite the modest dip in NFT sales this week, the rise of Bitcoin-centric NFTs, highlights the dynamic and ever-changing nature of the digital collectibles space.

Solana’s ascent to the second spot further underscores the changing landscape, as Ethereum takes a step back in the rankings. The recent drop in rankings for BAYC and Cryptopunks certainly raises an intriguing question: Are these once-dominant ‘blue chip’ NFT collections facing a significant shift in the NFT landscape, or is this just a temporary setback?

Arts

https://news.bitcoin.com/nft-sales-dip-bitcoin-dominance-and-solanas-rise-challenge-ethereums-nft-authority/

Interesting NFTs
DΞSTINATION HΞXAGONIA BY DON DIABLO
Welcome to DΞSTINATION HΞXAGONIA. This NFT comes with a full length audio visual experience of one hour which we have carefully created over the course of the last twelve months. You will receive a unique hand-crafted box, which includes a harddrive that contains the only copy of the high-quality file of the film, making it a truly unique art piece. Welcome to the FUTURΞ.
Into the Blue
Self portrait as a cyborg falling into a projected vision of the future Made by AI glitch technique
ˈSÄ-V(Ə-)RƏN-TĒ
"I'm not smart enough to be an astronaut." That is what 7 year old Rayden told Micah the first time they met. How can a 7-year-old already feel limitations on his dreams? For centuries, the black community has been the target of a system designed to limit their power, their earning potential, their dreams. Now is your opportunity to help destroy the system. For the next 11 years, on each brother's birthday, (Rayden, Aug. 10/ Jacque Nov. 6), you the viewer, will be able to directly contribute Bitcoin to a wallet that will be given to each child upon turning 18. In what is one of the most powerful use cases for Bitcoin, 100% of your contributions and earnings will open all new doors for these special young men.
Alex in Wonderland
A figure, Alex, stands mostly naked in the midst of a physical and psychological maelstrom. He is clad only in nostalgic 80’s era socks, on a tenuous island between active waters and a variety of shark denizens. Sharks on the right side of the image are all beached, including a shark with a quartz crystal snout, an orange shark wrapped in a life buoy, and a shark further in the distance wearing an 80’s style shirt with the number “88”. On the left side is the largest shark, wearing bright glossy red lipstick and brandishing prominent teeth with braces. She is cordoned off from the figure by a roped float divider, and within her thought bubble is a warning symbol. Behind the figure, hovering in the air, are Grey aliens emerging from the distance, out of a series of elliptical UFO shaped interdimensional membranes. The Greys take on the visual form of spermazoa ostensibly impregnating the interdimensional thresholds. As is typical, these Greys inhabit a zone just behind the unconscious topology of Alex’s dissociative mind. Though Alex’s bottom half is representative, his top half mutates into a psychological cornucopia. In a manner akin to “Auto-Erotic Sphinx”, a predecessor work, the figure has self suctioned—an act of sensual infatuation, enjoyment, and exploration. Upward exists the figure’s primary conscious eye, adorned with a revolutionary beret emblazoned with a Bitcoin badge. The figure’s summit features the nose of a fighter jet facing off against video game Bullet Bills, one of whom is marked by a communist North Korean star. A cropped section of a UFO observes the contest. Alex’s mind branches both left and right. To the left is more singular embodied consciousness, manifesting two eyes and a Ganesh trunk grasping crayons. The right branch dissociates upward diagonally, emerging into an array of eyes, faces, teeth, tail, a unicorn horn, and much more—all of which participate in expressing his unconscious being; a democracy of psychic factions representing thought impressions and associations. All illumination and darkness– fernal, infernal, high consciousness and corporeal underbelly–reside in this realm. In the distance are relatively languid, light clouds, and against the firmament hovers a colossal distant eye peering over the scene and far beyond. This painting possesses underlying genetic traits with previous works such as “Auto-Erotic Sphinx with Toys”, “Dionysus”, and “Fuku-Shiva”. The work serves also as a nod to an earlier period of art inspiration during late teens and early twenties— born out of the nakedness, vulnerability, curiosity, and wonder inherent to coming of age and all subsequent psychedelic revelation.
taro
conceptual art. drawing and digitally processed