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%.

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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
The Scion
A young figure caught in a moment of distraction, aware only ephemerally of his unconscious being, as it engages in psychological and psychedelic layer spaces. His right arm casually cradles a moray eel; the figure is comfortable but not truly aware of the potentials for danger in such negligence. His shirt reads “Bello” in Pokemon style font, harkening back to a childhood straddling the millennial threshold. To his right side, out of the unconscious deep, shrouded alien heads propagate as a fractal totem, each new iteration a more sophisticated rendering of emotional masking over the cold mystery of the greys. As the scion of the Budgie-Sattva, the young man, in his distraction, is also simultaneously aware of higher levels of self discovery. To his left a psychological topology sets beneath the oracle side of an 8 ball ,hovering; its message a purest concept of acceptance. The “Scion” lettering is in 80’s HeMan style bold declaration. The lower right side of the painting is like a hybrid of melon, feathers, and seeds. The crystals in the background bring light; conducted, refracted, reflected, and dispersed, to balance the dark shadow of the figure’s physical body. The aura of the scion succeeds in layers to point, with a finger, and the crown chakra, toward a center of a mandala existing as nigh pure application of strokes, in essence painterly abstraction, but also revealing hints of the Aura of migraine, and the bi-hemispherical nature of the brain–noting concerns of the possibility of inherited mental disease. Yet the flourish of chakra as it sets against that center is robust, active, coherent, and reveling against all fear. Fundamentally, the piece speaks to the activation of one’s potential to begin to “Know Thyself”, and find greater awareness out of the enigmas of the mind–as an inculcated seed given to the rich soil of one’s own birthright.
CryptoKitties
*hissing noises*! I'm Kitty #450862. My friends describe me as despicable and wondrous. My secret indulgence is ice cream. I hope you like kitten around as much as I do!
Pixel Story
This happy-go-lucky tribe made of lovable pixel Kitties have so much to talk about. While their language skills are simplistic, each Kitty still manages to express themselves with a variety of colorful emoticons and poses. From communicating their basic emotions, to discussing the economic implications of rising Ethereum gas prices, Pixel Tribe Kitties will keep each other entertained for hours. As their communications evolve and become more sophisticated, the inhabitants will come to realize that certain combinations of emotes will unlock secrets within their world. Try it out for yourself, if you're lucky enough to adopt a Kitty. Use the coordinate guide at: https://share.getcloudapp.com/7KumW6Lk to position your kitty Layer.
#62732
By OthersideDeployer
Another Day In Paradise
Just as the book speaks to intelligence, the image in all its muteness speaks to the heart.