On-Chain Data Reveals December’s Bitcoin-Based NFT Sales Reach Unprecedented $881,223,753
1 min read

On-Chain Data Reveals December’s Bitcoin-Based NFT Sales Reach Unprecedented $881,223,753

Bitcoin Non-fungible tokens (NFTs) experienced a surge in sales during the month of December, as reported by on-chain data. According to CryptoSlam, a blockchain data aggregator, sales of Bitcoin NFTs reached a staggering $881 million last month, setting a new record for 2023. This figure surpassed the previous sales record of $375 million, which was achieved just the month before. Notably, December marked the highest sales month ever for NFTs built on the Bitcoin blockchain. Cryptoslam revealed that the total sales for Bitcoin NFTs in December amounted to $881,223,753.92, with 111,713 buyer addresses and 98,744 seller addresses, both setting new records for a single month. Bitcoin NFTs, also known as Ordinals, provide a unique way to attach specific data, such as images or videos, directly onto individual satoshis, the smallest units of Bitcoin. In related news, the CEO of OKX, a cryptocurrency exchange, recently expressed consideration for listing more Bitcoin pairs, as the market capitalization of BRC-20 tokens increased by 30% in a single day. However, the CEO expressed concerns about potentially “destroying the market” by doing so. As always, investors are advised to conduct thorough research before engaging in high-risk investments involving Bitcoin, cryptocurrency, or digital assets. It is important to note that any transfers or trades made are at the individual’s own risk, and any losses incurred are their responsibility. The Daily Hodl, while participating in affiliate marketing, does not provide investment advice or recommend the buying or selling of cryptocurrencies or digital assets.

Leave a Reply

Your email address will not be published. Required fields are marked *