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NFT Sales Surge 31% This Week as Bitcoin NFTs Secure Second Place in Blockchain Sales Non-fungible token (NFT) sales witnessed a minor rise last week, registering a humble increase of around 1.46% compared to the preceding week. The cumulative value of NFT sales amounted to $149.31 million from April 29 to May 6, 2023. Nevertheless, the most recent week exceeded anticipations, as sales skyrocketed by 31.22%. Throughout the seven-day interval, NFT sales attained $208.17 million. The substantial rise in this week’s NFT sales can be credited to the appearance of NFTs originating from the Bitcoin blockchain. Bitcoin-Based NFT Sales Gain Significant Momentum Bitcoin NFT sales have emerged as a key contributor in the digital collectible sales landscape, among 21 distinct blockchains as per cryptoslam.io data documented on May 14, 2023. Ethereum NFT sales continued to reign supreme with $111.26 million in NFT sales; however, the runner-up position was held by Bitcoin-based NFTs, also known as Ordinal inscriptions. NFT sales over the last seven days according to cryptoslam.io statistics on May 14, 2023. Data demonstrates that Bitcoin NFT sales secured $53,433,451 and clinched the second-place position regarding blockchain sales out of the 21 chains. Bitcoin’s NFT sales leaped by 187.54% compared to the prior week. The top five blockchains in terms of NFT sales on May 14, 2023. Mythos blockchain’s NFTs also experienced a sizable boost as NFT sales climbed by 69.66% to claim $11.73 million this previous week. The ascent propelled Mythos into the third-largest rank considering top blockchains by NFT sales volume. Solana, which formerly occupied the second-largest spot, now stands at fourth in terms of NFT sales per blockchain. In the last seven days, Solana recorded $8,789,106 – a reduction of 21.16% compared to the previous week. The fifth blockchain with the greatest sales volume for this past week was Polygon’s $7.79 million, decreasing by 7.07%. The top five NFT collections in terms of sales on May 14, 2023. Regarding NFT collections, cryptoslam.io data discloses that “Uncategorized Ordinals,” essentially random Ordinals not part of any collection, achieved the top collection status in sales this week. Uncategorized Ordinals managed to register $15.62 million in NFT sales. Ethereum’s Bored Ape Yacht Club (BAYC) claimed the second spot this week with $13.80 million in overall sales within the past seven days. The Mythos chain’s Dmarket collection secured third place, and the majority of Mythos’ NFT sales stemmed from the Dmarket collection’s transactions. In fourth place, ORDI BRC-20 NFTs documented $11,044,110 in weekly sales, while Ethereum’s Milady Maker NFT collection amassed $10,376,102 in sales during the identical timeframe and ranked fifth this week. A notable climber this week concerning NFT sales was Bitcoin-based Space Pepes with $4,607,834 accrued over the past seven days – a spike of 2,142.35% compared to the previous week. Moreover, a single NFT from the series was sold for $4.5 million, making it the most expensive sale of the week. Interestingly, the remaining top five most valuable NFT sales in the past week all belonged to the Uncategorized Ordinals category. Tags in this story Bitcoin , Blockchain , Bored Ape Yacht Club , Cryptocurrency , Digital Collectibles , Ethereum , Mythos , NFT sales , Polygon , Solana , Space Pepes , Uncategorized Ordinals What are your thoughts on the recent surge in NFT sales and the impact of Bitcoin-based NFTs? Share your opinions and insights in the comments section below. Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 7,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Biggest Movers: SOL up 5%, as LINK Breaks Key Resistance Level on Saturday MARKET UPDATES | 2 days ago Bitcoin, Ethereum Technical Analysis: BTC Rebounds From 2-Month Low, as Bulls Enter the Market MARKET UPDATES | 2 days ago Image Credits : Shutterstock, Pixabay, Wiki Commons, cryptoslam.io Previous article Biden Appoints New Fed Vice Chair as Fedwatch Tool Shows Slim Chance of Rate Hike at June Meeting Next article Hedge Fund Mogul Stanley Druckenmiller Warns of ‘Hard Landing’ for US Economy Disclaimer : This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimer Show comments More Popular News In Case You Missed It Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more. 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