NFT sales on Bitcoin hit record in December 2023

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Gross sales of non-fungible tokens (NFTs) on the Bitcoin (BTC) community reached $881 million in December 2023.

In keeping with the Cryptoslam portal, in December 2023, NFT gross sales set the very best single-month gross sales report.

NFT sales on Bitcoin hit record in December 2023 - 1
Supply: Cryptoslam

As well as, a report 111,713 purchaser addresses participated in NFT transactions on the Bitcoin chain in December. Concurrently, the variety of service provider addresses rose to 98,744, marking the very best variety of retailers in a month.

In the meantime based on Cryptoslam, the overall gross sales of NFT Ethereum (ETH) amounted to $364.79 million. Gross sales of BTC-focused NFTs outpaced ETH gross sales in December by 2.34 instances.

Probably the most beneficial NFT transaction in December was a digital copy of Vincent Van Gogh’s 1888 self-portrait (Van Gogh portray #216), which bought for $1.19 million. The Ethereum platform held a sale of the Frxethredemption Ticket #33 token, priced at $638,433 in December.

In December, Bitcoin Core developer Luke Dashjr said that Inscriptions, that are the premise of the Ordinals protocol, contribute to the unfold of spam on the community and predicted their imminent finish.

The developer’s statements induced criticism and questions from the neighborhood in regards to the appropriateness of such strategies of censoring the blockchain. One person famous that almost all miners would favor to mine transactions with “inscriptions” as they make “extra financial sense.”

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