Bitcoin Non-Fungible Tokens (NFTs) experienced a surge in sales during December, reaching record-breaking numbers, according to data from CryptoSlam. The sales on the Bitcoin blockchain surpassed $881 million, marking the highest monthly sales for NFTs in 2023. This figure surpassed the previous record of $375 million set the previous month. Blockchain reporter Colin Wu stated that December was the most successful sales month thus far for BTC-based NFTs. The data from CryptoSlam revealed that NFT sales on the Bitcoin blockchain in December reached $881,223,753.92, setting a new record. The month also saw the highest number of buyer addresses (111,713) and seller addresses (98,744) ever recorded. Bitcoin NFTs, also known as Ordinals, allow for the attachment of unique data, such as images or videos, to individual satoshis, the smallest units of Bitcoin. The CEO of OKX, a cryptocurrency exchange, recently announced plans to list more Bitcoin pairs due to the 30% increase in the total market capitalization of BRC-20 tokens in a single day. However, the CEO expressed concerns about potentially “destroying the market” by doing so. As always, investors are advised to conduct thorough research before engaging in high-risk investments in Bitcoin or other digital assets. The Daily Hodl, where this article is published, does not provide investment advice and is not an investment advisor.
