Ethereum

Core

Bitcoin

Read

Sales of non-fungible tokens (NFTs) on the Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>) network reached $881 million in December 2023. 
According to the Cryptoslam portal, in December 2023, NFT sales set the highest single-month sales record. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="372" src="https://crypto.news/app/uploads/2024/01/Screenshot-2024-01-01-at-10.28.10-1024x372.png" alt="NFT sales on Bitcoin hit record in December 2023 - 30" class="wp-image-14233069">
 <figcaption class="wp-element-caption">
 Source: Cryptoslam
 </figcaption>
</figure> 
In addition, a record 111,713 buyer addresses participated in NFT transactions on the Bitcoin chain in December. Simultaneously, the number of merchant addresses rose to 98,744, marking the highest number of merchants in a month. 
Meanwhile according to Cryptoslam, the total sales of NFT Ethereum (<a href="https://crypto.news/price/ethereum/">ETH</a>) amounted to $364.79 million. Sales of BTC-focused NFTs outpaced ETH sales in December by 2.34 times. 
 You might also like: <a href="https://crypto.news/were-nfts-a-fad-and-is-it-worth-investing-in-them-now/"> Were NFTs a fad, and is it worth investing in them now? </a> 
The most valuable <a href="https://crypto.news/nft-market-analysis-and-forecast/">NFT</a> transaction in December was a digital copy of Vincent Van Gogh’s 1888 self-portrait (Van Gogh painting #216), which sold for $1.19 million. The Ethereum platform held a sale of the Frxethredemption Ticket #33 token, priced at $638,433 in December. 
In December, Bitcoin Core developer Luke Dashjr <a href="https://crypto.news/bitcoin-core-developer-calls-ordinals-a-fraud-announces-fix/">said</a> that Inscriptions, which are the basis of the <a href="https://crypto.news/tag/Ordinals/">Ordinals</a> protocol, contribute to the spread of spam on the network and predicted their imminent end. 
The developer’s statements caused criticism and questions from the community about the appropriateness of such methods of censoring the blockchain. One user&nbsp;noted that most miners would prefer to mine transactions with “inscriptions” as they make “more economic sense.” 
 Read more: <a href="https://crypto.news/ordinals-boom-sent-bitcoin-fees-to-record/"> Ordinals boom sent Bitcoin fees to record </a>

NFT sales on Bitcoin hit record in December 2023

crypto.news

Other articles published on Jan 1, 2024

Orbit Bridge, hacked for $82 million in major crypto breach

Dogecoin Price Prediction Hints Last Pullback Before Hitting $0.12

Crypto Price Prediction For January 1: 1INCH, FIL, KLAY

AI Predictions for Bitcoin: Could It Reach $100,000 in 2024?

ChatGPT’s Price Forecasts for Popular Memecoins: Dogecoin, Shiba Inu, and Meme Moguls

UniSat Wallet Issues Cautionary Advisory on Atomicals Node Delays

Join our free newsletter for daily crypto updates!