NFTs
Bitcoin NFT sales fall 44%, still leads the market
The Bitcoin blockchain continued to lead the non-fungible tokens (NFTs) market on Tuesday, despite sales volume dropping 44.36%, as of 2:30 pm ET.
Bitcoin recorded $12.2 million in NFT sales, while the network’s native cryptocurrency fell to $62,349, according to CryptoSlam.
About $5 million of those sales came from Uncategorized Ordinals, a category of digital assets on the Bitcoin network that are not part of a collection.
NodeMonkes, a collection of 10,000 Bitcoin NFTs, was the best-selling collection on the market, with US$2.5 million.
Ethereum and Solana extended Monday’s trend by trailing the Bitcoin network in NFT sales, with $11.4 million and $9.37 million respectively.
Ethereum’s Bored Ape Yacht Club, a top-tier collection of 10,000 NFTs from Yuga Labs, experienced the biggest sales increase among the top 10 collections on Tuesday, with sales rising nearly 18% to $1.6 million .
The Flow network had the largest increase in sales rate, with an 89% increase to US$400,842, the eighth highest in the market.
Polygon fell to sixth place on Tuesday, with Mythos Chain overtaking climber Ethereum to fifth place but failing to surpass $1 million in sales.
Mythos, a network of gaming assets that powers its gaming ecosystem, recorded $993,153 in NFT sales.