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NFT sales on the Bitcoin blockchain achieve a groundbreaking milestone, soaring to a record high of $881 million

In December 2023, the Bitcoin (BTC) network achieved a significant milestone by setting a new record for NFT sales in a single month.

As reported by the Cryptoslam portal, NFT sales on the Bitcoin blockchain reached an unprecedented $881,223,753.92, surpassing other prominent blockchains such as Ethereum, Solana, Polygon, and Arbitrum in sales volume.

The BTC network led the way with NFT sales, outpacing Ethereum, the second-largest blockchain, by over two times. Ethereum recorded NFT sales totaling $364.79 million during the same period.

While Solana experienced an impressive 312% increase in NFT sales from the previous month, it trailed behind Bitcoin and Ethereum at $325.14 million. Polygon and Arbitrum secured the third and fourth positions with $47,590,789.81 and $28,327,354.00 in NFT sales, respectively.

Several notable trades marked the December NFT sales, with a digital copy of Vincent Van Gogh's renowned Self-portrait, 1888 (Van Gogh’s painting #216), fetching a remarkable $1.19 million. Ethereum's The Frxethredemption Ticket #33 followed with a sale of $638,433.

Other noteworthy sales included Cardano’s Deep Vision #05128 at $551,750, BNB’s Lockdealnft #91 at $329,824, and Solana’s Boogle #009 at $274,209.

Despite a 35% decline in NFT sales in the last week of December compared to the previous week, the month concluded with a record-breaking $1.7 billion in NFT transactions. This marked an impressive gain of over 69% compared to the figures recorded in November.

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