According to Cryptoslam data, the Bitcoin network had a significant increase in non-fungible token (NFT) sales over the last week, with over $162 million in transactions. This marks a 76% increase over the previous week, establishing Bitcoin as the best performer in the NFT market for the period.
Overall, NFT sales across major blockchains totaled $423 million last week, up 32% from the previous week. This is the third consecutive week of solid growth. Ethereum followed closely behind Bitcoin, with sales of $160 million.
Other notable gainers included Solana, BNB Chain, and Mythos Chain. Bitcoin’s Uncategorized Ordinals brought in more over $41 million, followed by NodeMonkes, which brought in $35 million. Notable sales included a Bitcoin “Burgie” NFT for $1.44 million and a Solana “Composable Restaking Position” NFT for $1.1 million.
The number of NFT buyers increased by 41% week over week, indicating rising interest. However, main marketplace OpenSea experienced decreases in February, with revenues and active users reaching their lowest levels since May 2021.
The NFT market is still seeing erratic but significant growth, with Bitcoin taking the spotlight over the last week. As new purchasers enter the market, sales activity is expected to continue robust across major blockchains.
