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    Asad Shaikh in Bitcoin

    05 Mar 08:10 AM


    Bitcoin NFTs make comeback in weekly sales, flipping Ethereum

    Bitcoin NFTs posted a year-to-date record daily sales volume over the weekend and even beat out Ethereum for the week.
    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 Bitcoin Ordinals-based. Ethereum only drew in $162 million in sales, according to CryptoSlam data.

    It’s unclear exactly why the collection has gained its recent attention.

    NFT collection Graycraft founder Kevin Wu wrote in a Feb. 22 X post 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.

    Source - Coin Telegraph