23/02/2024 Solana NFTs hit $5B in all-time sales volume

Solana NFTs recorded their second-highest monthly sales volume in December 2023, with $365 million in sales volume for the month.

Solana NFTs hit $5B in all-time sales volume

Solana-based nonfungible tokens (NFTs) recorded an all-time sales volume of over $5 billion after an uptick in NFT trading activity on the blockchain in the last four months.

On Feb. 23, data aggregator CryptoSlamshowedthat the all-time sales volume for NFTs based on the Solana network is already at $5,013,847,972. The data also shows that the blockchain has over 2.2 million buyers and 1.6 million sellers. This brings the total number of NFT transactions within the blockchain to almost 43 million.

Solana’s NFT sales volume chart. Source: CryptoSlam

Solana NFTs did not do as well in the four months before November 2023. Since July 2023, the monthly sales volume for NFTs based on Solana struggled to record a volume above $40 million. However, things started to change after October 2023.

The sales volume for Solana-based NFTs started showing signs of life when it hit about $82 million in monthly sales in November 2023 — a 192% jump from the previous month when it only had about $28 million in monthly sales.

Furthermore, Solana NFTs continued their momentum in the following months. In December 2023, NFTs on Solana recorded around $365 million in monthly sales. The record was its second-highest monthly sales volume, following its $373 million record in October 2021.

While the sales volume slowed down a little in January, NFTs on Solana still recorded over $239 million in sales during the month. At the time of writing, February’s monthly sales volume stands at $161 million. Solana NFT’s sales performance has risen in recent months, with over $1 billion in sales volume in the last nine months.

Solana shows an increase in price in December 2023. Source: CoinGecko

The uptick in Solana NFT sales in December 2023 coincided with Solana’s token’s bullish price action. On Dec. 26, 2023, SOLhit a high of $121.45, with a trading volume of $5.7 billion, according to the coin data tracker CoinGecko.

Arts

https://cointelegraph.com/news/solana-nft-sales-volume-5-b

Interesting NFTs
Who is Satoshi Nakamoto?
"Who is Satoshi Nakamoto?" is dedicated to the mysterious creation of Bitcoin, and acts as the showcase artwork within Javier Arrés’ exploratory series "Bitcoin, The Origin". "Who is the creator of Bitcoin?" The artist, Arrés, explores this question, and the feelings of doubt and mystery that accompany it, through his unique artistic language. An unknown, an enigma. It should be remembered that the name Satoshi Nakamoto is a pseudonym of Bitcoin's author or authors and gives us little insight into its true creator. For this Visual Toy, Arrés uses the signature claw machine, his famous half-operation, to symbolize our collective ignorance and unconfirmed belief: As soon as it has the stuffed animal within its grasp and appears to have solved the puzzle, the animal escapes again, and again. At present, there are three more public and studied possibilities who are either believed to be the creators of the currency or who directly claim the creation of it. It may be all or none of them, yet these three personalities leave us clues which are an important part of this interesting enigma. For this moment, it will remain unknown... In this artwork, Arrés elevates the claw machine from the apparatus, to an iconic pop art object serving as an important element to the Bitcoin creation narrative. Action is everywhere, with each movement serving an iconographical or metaphorical purpose related directly to cryptocurrency: Various ups and downs, roller coasters, mining points, robot, coins and more speak to a sense of hope, risk, mystery, randomness and possibility of pay out. Hundreds of manically thought out details make this creation one of the artist’s most complex Visual Toys to date. ------- "Bitcoin, The Origin" is a set of two Visual Toys, titled "Who is Satoshi Nakamoto" and "It’s Alive!" which reflect and explore the mystery and enigmas behind the creation of Bitcoin. Arrés presents these proposals to us in his signature style, full of iconography, fantasy, maniacal animations and a panoply of details (both subtle and overt) which simultaneously fascinate, hypnotize, and narrate this historical milestone through the singular vision of the artist. Through this series, Arrés freezes a crucial moment of cryptocurrency history, taking a still photo under his vision and turning it into two unique crypto artworks. ---- More info about Javier Arrés: https://javierarres.com/about.html
The River of Emeralds
Golden conditions at one of my favorite locations in the Rockies. The light, the colors, the textures; what more can you ask for? I just loved the way this river flowed into the sunset and the mountains in the background. It's rare you find a scene as perfect as this one. But when you do, you have to take advantage of it.
缥缈之美的过去与现在(Vanitas Then and Now)
虚空派的画像。在这个虚拟时代,外在之美到底是否还受到时间的限制?(Vanitas portrait of a woman. Is beauty finite or not in the Virtual age?)
BTC POWER
BTC POWER
Stay Free (Edward Snowden, 2021)
This unique, signed work combines the entirety of a landmark court decision ruling the National Security Agency's mass surveillance violated the law, with the iconic portrait of the whistleblower by Platon (used with permission). It is the only known NFT produced by Snowden. Produced using open source software. This auction is on behalf of Freedom of the Press Foundation. https://www.aclu.org/press-releases/appeals-court-strikes-down-nsa-phone-spying-program-aclu-lawsuit