The Bitcoin community has moved up a spot within the all-time non-fungible token (NFT) gross sales rankings, surpassing the Ronin blockchain, which beforehand held the third-highest document for all-time NFT gross sales.
On June 18, NFT information tracker CryptoSlam confirmed that Bitcoin-based NFTs recorded an all-time gross sales quantity of $4,271,928,280. This surpasses the Ronin blockchain’s document of $4,271,675,550, transferring Bitcoin to the highest three main blockchain networks for NFT gross sales, after Solana and Ethereum.
Within the final 30 days, Bitcoin-based NFTs recorded a gross sales quantity of $148 million. This places them within the prime two spots for the month, following Ethereum, which had a quantity of $157 million. Solana adopted carefully with round $77 million.
Regardless of the hundreds of thousands in gross sales recorded, NFTs skilled a downturn in quantity, with the highest three chains exhibiting at the very least a 40% decline in 30-day gross sales, based on CryptoSlam.
Bitcoin NFTs are nonetheless “primitive”
In a press release, Jeff Zirlin, co-founder at Sky Mavis, the crew behind the Ronin community, believes that extra NFT adoption is sweet. The chief instructed Cointelegraph that they haven’t been specializing in Bitcoin however are aggressive with blockchain gaming ecosystems. Zirlin stated:
“We haven’t been paying an excessive amount of consideration to Bitcoin NFTs as a result of they’re nonetheless primitive and unrelated to gaming. Usually, extra adoption of NFTs is sweet and we’re extra aggressive with ecosystems that focus particularly on gaming.”
Zirlin believes that gaming is “in a state of evolution” now. The Sky Mavis co-founder defined that methods that beforehand labored for gaming corporations have began to point out diminishing returns due to the rise in person acquisition prices.
“Web3 gives an alternate path, one which creates longer-lasting video games through incentive alignment together with your core viewers and ownership-based income fashions,” Zirlin added.
Bitcoin NFTs hit $4 billion in all-time gross sales
On June 4, CryptoSlam information confirmed that Bitcoin-based NFTs hit $4 billion in all-time gross sales quantity. The information mixed $3.97 billion in NFT gross sales and over $80 million in wash gross sales.
Regardless of the brand new milestone, the broader NFT market recorded decrease gross sales volumes. There was a 54% decline in month-to-month NFT gross sales quantity in Could in comparison with April. NFTs noticed over $1 billion in gross sales in April, whereas the digital collectibles trade recorded a quantity of $624 million in Could.
