Bitcoin-Based NFTs See Record $881,223,753 Worth of Sales in December: On-Chain Data

NFT MARKET_WATCH

Non-fungible tokens (NFTs) on the Bitcoin (BTC) blockchain saw blockbuster sales in the month of December, according to on-chain data.

According to data obtained from blockchain data aggregator CryptoSlam, Bitcoin NFT sales reached over $881 million in sales last month, a new high for 2023.

BTC NFT sales obliterated the previous sales record of $375 million set just the month before.

According to blockchain reporter Colin Wu, December marked the single highest sales month to date for NFTs built on BTC. “Cryptoslam shows that NFT sales on the Bitcoin chain reached $881,223,753.92 in December 2023, setting the highest single-month sales record to date, including 111,713 buyer addresses and 98,744 seller addresses, both setting the highest single-month records to date.”

Bitcoin NFTs, also known as Ordinals, offer a way to attach unique data, such as images or videos, directly onto individual satoshis, which are the smallest units of Bitcoin.

Last week, the CEO of cryptocurrency exchange OKX announced that he was considering listing more Bitcoin pairs, as the total market capitalization of BRC-20 tokens increased by 30% in a single day.

In a recent thread, OKX CEO Star Xu said that he has been urged to list more ordinals on the crypto exchange, but said he feared doing so would “destroy the market.”

Source : The Daily Hodl by Daily Hodl Staff / Jan 1, 2024

rayn.finance logo

Automata FRANCE SAS

240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma

Italy

The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act.