{"id":393802,"date":"2023-05-14T08:27:40","date_gmt":"2023-05-14T08:27:40","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=393802"},"modified":"2023-05-14T08:27:40","modified_gmt":"2023-05-14T08:27:40","slug":"nft-sales-rise-36-to-217-million-this-week-bitcoin-nfts-explode-260","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/nft-sales-rise-36-to-217-million-this-week-bitcoin-nfts-explode-260","title":{"rendered":"NFT Sales Rise 36% To $217 Million This Week \u2013 Bitcoin NFTs Explode 260%"},"content":{"rendered":"

The market data shows that the global trading volume of non-fungible tokens has jumped higher this week, despite the recent hype surrounding shitcoins. The NFT market has pumped 36%, recording over $217 million in the past seven days.<\/p>\n

Bitcoin NFTs Pump 260% This Week<\/h2>\n

According to CryptoSlam, an on-chain market data aggregator<\/a>, Ethereum-based NFTs products have attributed the greatest market share, attracting more than $112 million in the past seven days. During this period, Ethereum NFTs have pumped 15% from last week.<\/p>\n

Bitcoin NFTs have followed the second streak this week. The NFT collections have exploded 260% to $56 million in the past seven days. The Mythos Chain, a permissioned EVM blockchain and gaming ecosystem that operates on the MYTH utility token, has taken third place outperforming popular chains like Polygon and Solana. Mythos-based NFTs have recorded a sales volume of $11 million this week.<\/p>\n

Non-fungible tokens hosted on Solana have plummeted slightly this week. Solana NFTs are down 21%, recording just $9 million in trading sales volume in the past seven days. Polygon NFTs take the fifth position this week, recording $7.5 million.<\/p>\n

Top Five NFT Collections In Trading Sales Past 7 Days<\/h2>\n

\"Top<\/p>\n

1. Bitcoin NFTs<\/h3>\n

Bitcoin NFTs “uncategorized” emerged as the top-selling NFTs this week, amassing $15 million in trading sales volume. In the past seven days, Bitcoin NFT buyers have increased by more than 240%, while NFT sellers increased by 247%.<\/p>\n

2. Bored Ape Yacht Club NFTs<\/h3>\n

Bored Ape Yacht Club is another non-fungible token that significantly increased this week. The NFT collection from Yuga Labs, which features a limited edition of 10,000 NFTs, has recorded a trading sales volume of $14 million this week.<\/p>\n

3. $ORD BRC-20<\/h3>\n

BRC-20, an experimental token standard for the Bitcoin blockchain, takes the third position this week. The NFT collection inspired by Ethereum’s ERC-20 has recorded a trading sales volume of $12 million. BRC-20 NFTs have pumped more than 120% this week.<\/p>\n

4. DMarket<\/h3>\n

DMarket is in-game digital assets hosted on the Mythos network. The NFT collection has jumped 65% this week, recording $11 million in trading sale volume in the past seven days. Nonetheless, these NFTs have fallen short in a number of buyers and sellers this week.<\/p>\n

5. Milady Maker NFTs<\/h3>\n

Milady Maker is an NFT collection from digital asset incubation firm Remilia, featuring a limited edition of 10,000 generative PFP NFTs. In the past seven days, the NFT collection has recorded a sales volume of 10 million. It has pumped 120% this week.<\/p>\n

Space Pepes was the most expensive NFT collection in the past seven days, selling for $4.5 million six days ago. Different Bitcoin NFTs have sold for head-scratching sums, with the most expensive selling for $4.4 million two days ago.<\/p>\n

Elon Musk Launched NFT Rocket This Week<\/h2>\n

The weather in NFTs has been perfect this week, with good news from established projects, hot tech, a bit of money in traders’ pockets from trading meme coins like Pepe, and a well-timed tweet from the CEO of Twitter, Billionaire Elon Musk.<\/p>\n

Mid this week, Twitter Boss Elon Musk created a short frenzy within the non-fungible token market<\/a> after sharing a meme containing the instantly recognizable avatar of the popular Milady Maker NFT collection.<\/p>\n

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pic.twitter.com\/4s6HwnCY74<\/a><\/p>\n

— Elon Musk (@elonmusk) May 10, 2023<\/a><\/p><\/blockquote>\n