NFT sales saw a slight increase last week, recording a modest rise of about 1.46% compared to the previous week. The accumulated value of NFT sales reached $149.31 million from April 29 to May 6, 2023. However, the latest week has surpassed expectations, with a significant spike of 31.22% in sales. In the seven-day period, NFT sales reached $208.17 million. The notable increase in NFT sales this week could be due to the emergence of NFTs originating from the Bitcoin blockchain.
Bitcoin NFT sales have gained significant momentum.
Bitcoin NFT sales have emerged as a significant contributing factor in the context of digital collectibles sales, among 21 separate blockchain networks as recorded by cryptoslam.io data on May 14, 2023. Ethereum's NFT sales continue to dominate with NFT sales of $111.26 million; however, the runner-up position is held by Bitcoin-based NFTs, also known as text-based NFTs.
Data proves that Bitcoin NFT sales have generated $53,433,451 and secured the second position in blockchain sales among 21 chains. Bitcoin NFT sales have surged by 187.54% compared to the previous week.
Mythos NFTs also saw a significant increase, with sales rising by 69.66% to $11.73 million in the previous week. This helped Mythos climb to the third-largest ranking when considering the top blockchains by NFT sales volume.
Solana, which previously held the second-largest position, now stands at fourth place for NFT sales. In the past seven days, Solana recorded $8,789,106 - a 21.16% decrease from the previous week. The fifth-largest blockchain for NFT sales in the past week was Polygon with $7.79 million, down 7.07%.
Regarding NFT collections, data from cryptoslam.io reveals that "Uncategorized Ordinals," which are essentially random Ordinals not belonging to any specific collection, have achieved top collection status in terms of sales this week. Uncategorized Ordinals have seen NFT sales of $15.62 million.
Bored Ape Yacht Club (BAYC) on Ethereum took second place this week with a total revenue of $13.80 million. Mythos' Dmarket collection secured third place, with the majority of Mythos' NFT sales coming from transactions of the Dmarket collection.
In fourth place, ORDI BRC-20 NFT recorded weekly sales of $11.044 million, while the Milady Maker NFT collection on Ethereum accumulated $10.376 million in sales in the same timeframe and ranked fifth this week. One project that experienced a significant increase in NFT sales this week was Space Pepes on Bitcoin, with $4.607 million accumulated, an increase of 2,142.35% compared to the previous week.