Solana

Arbitrum

Bitcoin

Boogle

Source: Adobe/James Thew 
Sales of NFTs on the <a href="https://cryptonews.com/coins/bitcoin/">Bitcoin (BTC)</a> network reached a new milestone in December 2023, surpassing $881 million for the first time ever.&nbsp; 
According&nbsp;<a class="editor-rtfLink" href="https://www.cryptoslam.io/blockchains/bitcoin" target="_blank" rel="noopener">data by CryptoSlam</a>, NFT sales on the Bitcoin chain reached $881,223,753.92 last month, setting the highest single-month sales record to date. 
This included 111,713 buyer addresses and 98,744 seller addresses, both setting the highest single-month records to date.&nbsp; 
Bitcoin NFTs, also known as Ordinals, are a new type of NFT that exists on the Bitcoin blockchain.&nbsp; 
Unlike traditional NFTs which are mostly associated with the Ethereum blockchain, Bitcoin NFTs are unique in that they are inscribed directly onto individual satoshis, the smallest unit of a bitcoin. 
More specifically, each Bitcoin is divisible into 100 million satoshis. Bitcoin NFTs are created by inscribing data onto these satoshis.&nbsp; 
This process is akin to engraving a tiny piece of data onto a small fraction of a Bitcoin. 
<h2 id="ethereum-and-solana-trail-behind">Ethereum and Solana Trail Behind</h2> 
 Ethereum, the second-largest blockchain, trailed behind with NFT sales totaling $364.79 million.&nbsp; 
BTC-focused NFT sales outperformed ETH’s by a significant margin, being 2.34 times greater in December.&nbsp; 
Solana secured the third spot with approximately $325.14 million in NFT sales, experiencing a remarkable 312% increase from the previous month. 
Following the top three, Polygon and Arbitrum emerged as the subsequent leading blockchains in terms of NFT sales. 
<h2 id="notable-nft-sales-of-december">Notable NFT Sales of December</h2> 
 The pinnacle of December’s NFT transactions featured the sale of a digital copy of Vincent Van Gogh’s renowned Self-portrait, 1888 (Van Gogh’s painting #216), which commanded an impressive price of $1.19 million.&nbsp; 
Another notable sale took place on Ethereum, with the Frxethredemption Ticket #33 fetching $638,433 this month. 
Despite a recent decline in NFT sales, dropping over 35% from the previous week, December witnessed a record-breaking $1.7 billion in NFT transactions.&nbsp; 
This marked a significant increase of more than 69% compared to November’s figures, with Bitcoin continuing to dominate NFT sales across various blockchains.&nbsp; 
BTC-based NFT sales soared 127.63% above the chain’s November totals, as reported by cryptoslam.io statistics. 
Other notable high-value NFT sales in December include Cardano’s Deep Vision #05128, which fetched an impressive $551,750, and BNB’s Lockdealnft #91, garnering $329,824.&nbsp; 
Solana’s Boogle #009 completed the list of December’s five most expensive NFTs, selling for $274,209. 
Out of the top ten NFT collections in terms of sales, seven were derived from the Bitcoin blockchain.&nbsp; 
Solana’s Tensorians secured the fifth position, while the Mad Lads collection held the eighth spot.&nbsp; 
Arbitrum’s Sentry Node collection claimed the ninth position in December.&nbsp; 
Throughout the month, a total of 11,290,812 NFT transactions took place, involving 469,389 sellers and 600,744 NFT buyers. 
As&nbsp;<a class="editor-rtfLink" href="https://cryptonews.com/news/nfts-on-the-rise-again-october-saw-32-growth-in-trading-volume-trend-to-continue-this-month.htm" target="_blank" rel="noopener">reported</a>, prior to December, NFT trading volume surged by $99 million, reaching $405 million in October, signifying levels of sales not seen since August.

Bitcoin Blockchain Sets New Record: December 2023 NFT Sales Surpass $881 Million for First Time Ever

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Cryptonews.com

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