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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    The Future of Gambling: How Casino Sites Are Leveraging Web3

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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  • Metaverse
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  • Blockchain
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    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

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    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

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  • AI
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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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  • Guides
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    Crypto Risk Management Strategies for Trading (2025)

    What Is Crypto Staking? How to Earn Crypto by Holding It

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    What is Dollar-Cost Averaging (DCA) in Crypto? A Beginner’s Guide

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    What Is Liquid Staking? How It Works & Why It Matters in Crypto

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    A Full Comparison of Layer 2 Solutions

    A Full Comparison of Layer 2 Solutions

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    What are Optimistic Rollups? How They Work and Why They Matter

    What Are ZK Rollups? How They Work and Why They Matter

    What Are ZK Rollups? How They Work and Why They Matter

    What Does DCA Mean in Crypto? A Simple Breakdown – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    A Step-by-Step Guide for Beginners

  • Analysis
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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

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    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

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    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
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  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Experience to Earn: Everdome’s Metaverse Frontier

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

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  • NFT
    Donald Trump Had Said, ‘The US Government Will Not Sell Cryptocurrency From Now On,’ But Something Strange Is Going On — Onchain Data Shows…

    Donald Trump Had Said, ‘The US Government Will Not Sell Cryptocurrency From Now On,’ But Something Strange Is Going On — Onchain Data Shows…

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    What are Floki’s Flokitars?

    Top NFTs Trending Today, Courtyard Leading the Pack

    Top NFTs Trending Today, Courtyard Leading the Pack

    NFT Market Sees Recovery, Records 17.23% in Weekly Sales, Guild of Guardians Leads Sales with $29.61 Million

    NFT Market Sees Recovery, Records 17.23% in Weekly Sales, Guild of Guardians Leads Sales with $29.61 Million

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    Chimpers Expands Into NFT-Linked Blind Box Collectibles

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    You Can Buy a Martian Meteorite With Bitcoin—If You Have Upwards of $4 Million

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    South Africa’s First NFT Marketplace, Momint, Shuts Down Amid Market Pressures

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    Art Blocks’ PostParams Enable a New Medium for Generative Art

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    Off The Grid studio unveils Solana cofounder-inspired skin

    Web3 Powerhouses Fabwelt and LoveBit Unite to Drive Purpose-Driven GameFi

    Web3 Powerhouses Fabwelt and LoveBit Unite to Drive Purpose-Driven GameFi

    Could ‘Reaper Actual’ be the breakout crypto shooter?

    Could ‘Reaper Actual’ be the breakout crypto shooter?

    ‘Off the Grid’ GUN Token Expanding From Avalanche to Solana—Here’s Why

    ‘Off the Grid’ GUN Token Expanding From Avalanche to Solana—Here’s Why

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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is DeFi Staking? Everything You Need to Know

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    What are Rollups in Crypto? ZK Rollups and Optimistic Rollups Explained

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    A Full Comparison of Layer 2 Solutions

    What are Optimistic Rollups? How They Work and Why They Matter

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    What Are ZK Rollups? How They Work and Why They Matter

    What Does DCA Mean in Crypto? A Simple Breakdown – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

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Home NFT

Bitcoin and Solana Led as NFT Sales Surged to $1.75 Billion in December 2023

January 2, 2024
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Bitcoin and Solana Led as NFT Sales Surged to $1.75 Billion in December 2023
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In a resounding testament to the burgeoning NFT market, sales on 21 tracked blockchains reached an astounding $1.75 billion in December 2023, marking a staggering 91% increase from the previous month’s figure of $916 million, according to data compiled by CryptoSlam. This surge in NFT transactions underscores the dynamic growth of the digital asset space, with Bitcoin (BTC) and Solana (SOL) emerging as frontrunners in the market.

Notably, NFT sales on the Bitcoin blockchain dominated the landscape, accounting for almost 50% of the total, translating to a remarkable $881 million. Solana, a blockchain gaining traction for its speed and low transaction costs, secured second place with a 21% share, boasting $366 million in NFT sales.

READ ALSO

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What are Floki’s Flokitars?

Rise of Bitcoin NFTs

In December, an unprecedented 111,713 distinct buyer addresses engaged in NFT transactions on the Bitcoin blockchain. Concurrently, the number of seller addresses soared to a new pinnacle, reaching a total of 98,744. This surge in participants signifies the highest number of sellers within a single month, highlighting the extensive involvement in the Bitcoin NFT ecosystem.

A noteworthy development in the NFT space is the rise of Bitcoin NFTs, also known as Ordinals. Diverging from the commonly linked Ethereum-based NFTs, Bitcoin NFTs stand out by being directly inscribed onto individual satoshis, which are the smallest units of BTC. Given that each Bitcoin is divisible into 100 million satoshis, the process of creating NFTs entails inscribing data onto these tiny units, introducing a distinctive element to the NFT landscape.

See also  NYCC to Revolutionize Fashion Industry with Enjin Blockchain at NFT.NYC 2024

The upswing in NFT transactions on the Bitcoin blockchain mirrors the growing popularity and acceptance of digital assets. Both buyers and sellers are actively engaging in the decentralized and dynamic NFT market, providing additional affirmation of the market’s maturity and potential for expansion. These impressive statistics indicate strong activity within the crypto sphere, establishing solid groundwork for ongoing innovation and growth in the industry.

Tags: BillionBitcoinDecemberledNFTSalesSolanaSurged

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