Ethereum

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Kevin

Bitcoin nonfungible tokens (NFT) sales have just surpassed Ethereum over the last seven days following a sudden spike of Bitcoin Ordinals-based NFT collections, led largely by the collection NodeMonkes.
Bitcoin NFT sales rocketed 80% week-over-week to $168.5 million, with three of the top five best-selling NFT collections for the week being <a href="https://cointelegraph.com/learn/bitcoin-ordinals-vs-ethereum-nfts">Bitcoin Ordinals</a>-based. Ethereum only drew in $162 million in sales, according to CryptoSlam&nbsp;<a href="https://www.cryptoslam.io/" target="_blank" rel="noopener nofollow">data</a>. 
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 Bitcoin led in sales over the week despite seeing half as many buyers compared to Ethereum. Source: CryptoSlam
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Ordinals launched in January 2023 and provided the tools to create NFT-like assets by giving users the ability to insert files, such as an image, into satoshis (sats) — the smallest unit of Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>).
Uncategorized Ordinals (not part of any collection) drew in the most sales, with over $43 million worth sold across more than 47,000 transactions.
A close second was the Bitcoin-based collection NodeMonkes, with over $41 million in sales, a nearly 170% increase from the week prior. The Ordinals collection Natcats took the fourth position for the week with over $10 million in sales.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-03/3a31a36e-6661-46ef-8c5b-708a85a37ea3.png" alt="" title="">
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 NodeMonkes sales jumped nearly 170% week-on-week. Source: CryptoSlam
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NodeMonkes is a collection of 10,000 unique pixelated <a href="https://cointelegraph.com/learn/what-are-nft-profile-pictures">profile picture (PFP)-style</a> Ordinals launched in December and claims to be the first 10,000-strong collection on Bitcoin.
Other 10,000-count-Ordinals collections had launched prior, but the NodeMonkes team had etched their collection onto the blockchain in February 2023, just a month after Ordinals launched.
Related: <a href="https://cointelegraph.com/news/bitcoin-ordinals-trader-btc-nft-mistake">Ordinals trader gets Bitcoin back after fat-fingered NFT purchase</a>
X user NFTstats&nbsp;<a href="https://twitter.com/punk9059/status/1764223748637385135" target="_blank" rel="noopener nofollow">posted</a> on March 2 that NodeMonkes’ market capitalization reached over $500 million, making it the third-largest PFP-style NFT collection among all blockchains behind only the Ethereum-based Bored Ape Yacht Club (BAYC). 
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 Chart from NFTstats.eth shows NodeMonkes in the top three PFP-style NFTs for market cap. Source: <a href="https://twitter.com/punk9059/status/1764223748637385135/" target="_blank" rel="noopener nofollow">@punk9059</a>&nbsp;on X
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It’s unclear exactly why the collection has gained its recent attention.
NFT collection Graycraft founder Kevin Wu wrote in a Feb. 22 X <a href="https://twitter.com/kevwuzy/status/1760669015758782697" target="_blank" rel="noopener nofollow">post</a> that NodeMonkes has “meaningful provenance” as it’s the first PFP-style NFT collection on “the first chain ever” — giving it a “great competing narrative,” which speculative investors could now be buying into.
Magazine:&nbsp;<a href="https://cointelegraph.com/magazine/best-nft-collection-world-dc-investor-nft-collector/">NFT Collector, DCinvestor:&nbsp;Is this the best NFT collection in the world? </a>

Bitcoin NFTs make comeback in weekly sales, flipping Ethereum

Cointelegraph

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