Bitcoin NFTs are back

Bitcoin-based non-fungible token collections are making a comeback after a period of decline over the past few months. The Bitcoin non-fungible token market declined mid-year after the initial hype that led to its resurgence died down. Earlier this week, Bitcoin NFTs, led by BRC-20 NFTs, regained their market strength, becoming the second most traded NFT collection on the NFT market.

Bitcoin NFTs are back

Data compiled by Cryptoslam.io, an on-chain crypto market data aggregator and non-fungible token market explorer that tracks NFTs from more than 20 blockchain networks, indicates that the Bitcoin NFT market saw a significant increase this week. Over the past 24 hours, Bitcoin-based NFT collections generated $1 million in commercial sales volume. During this period, Bitcoin ranks second in the NFT market, closely behind Ethereum, which has a sales volume of $2.4 million.

On the other hand, BNB Chain, a high-throughput, low-cost blockchain network designed for decentralized applications (dApps) including NFTs, GameFi, and DeFi, and Base, a secure, low-cost Ethereum Layer-2 network developed by Coinbase that offers fast and scalable infrastructure for NFTs, were the third and fourth most traded blockchain networks in the NFT market. Over the past 24 hours, the BNB Chain and Base NFT series generated commercial sales volumes of $948,279 and $824,637, respectively.

During this period, the sales volume of Ethereum, Bitcoin, BNB Chain NFT, and BNB Chain NFT increased by +2%, 35%, 4.5%, and 75%, respectively. Over the past week, the number of people purchasing NFTs has seen a notable resurgence, although the NFT market has yet to fully recover to its initial peak. Below, we’ve listed some of the best-selling NFT collections on the Bitcoin NFT blockchain network this week:

1.$ORDI+BRC-20 NFT Collection

$ORDI, a non-fungible token collection created on the Bitcoin blockchain network using the BRC-20 token standard and the ordinal protocol, is the best-selling non-fungible token collection on the Bitcoin NFT market this week. Over the past 24 hours, the $ORDI + BRC-20 NFT collection has accumulated a sales volume of $410,156. This NFT collection landed on the NFT market a few days ago.

Source: Cryptoslam.io

2.$?S Collection NFT BRC-20

$?S, a collection of non-fungible tokens created on the Bitcoin blockchain network using the BRC-20 protocol, is the second best-selling collection of non-fungible tokens on the Bitcoin NFT market this week. Over the past 24 hours, the NFT$?S BRC-20 collection saw a sales volume of $139,672. During this period, the sales volume of BRC-$20 NFTs jumped by more than 1,000% compared to the previous day.

3.$ ?? BRC-20 NFT Collection

$??, another non-fungible token collection created on the Bitcoin blockchain network using the popular BRC-20 protocol, is the third best-selling non-fungible token collection on the Bitcoin NFT market this week. Over the last 24 hours, the $ ?? The BRC-20 NFT collection recorded a commercial sales volume of $134,988. During this period, the $?? Sales volume for BRC-20 NFT transactions plunged 75% from the previous day.

4.$BTC BRC-20 NFT Collection

$BTC, another non-fungible token series created exclusively on the Bitcoin blockchain network using the popular BRC-20 protocol, is the fourth best-selling non-fungible token collection on the Bitcoin NFT market this week. Over the past 24 hours, the $BTC BRC-20 NFT series saw a sales volume of $68,340. During this period, the sales volume of $BTC BRC-20 NFT remained constant compared to the previous day.

5. NodeMonkes NFT Collection

NodeMonkes, one of the largest non-fungible token collections offering a limited edition of 10,000 NFTs created on the Bitcoin blockchain network using the Ordinal Protocol, is the fifth best-selling NFT collection on the Bitcoin NFT marketplace last week. Over the past 24 hours, the NodeMonkes NFT collection saw a sales volume of $50,172, representing a 278% increase from the previous day.

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