NFT Sales Hit $1.7B In December

In latest weeks, the world of non-fungible tokens has skilled a meteoric rise, characterised by a surge in reputation, high-profile gross sales, and a thriving neighborhood of artists, creators, and collectors. In December, the non-fungible token market noticed explosive development, attracted by the rise of Ordinals, SOL NFTs and BRC-20 NFTs.

NFT Gross sales Hit In December 2023

Knowledge compiled by CryptoSlam.io, an on-chain information aggregator, signifies that non-fungible token gross sales skyrocketed in December. Up to now 30 days, the burgeoning international NFT market has amassed a buying and selling gross sales quantity of $1.7 billion, representing a 67% spike from November.

Bitcoin, the blockchain community that helps the flagship crypto ‘Bitcoin,’ was essentially the most traded community for non-fungible tokens in December. Up to now 30 days, the Bitcoin-based NFT assortment has amassed a buying and selling gross sales quantity of $862 million. Throughout this time, Bitcoin-based NFT gross sales surged 125% from the earlier month.

Non-fungible tokens hosted on Ethereum, the biggest and most most well-liked blockchain community for NFTs, had been the second most traded NFT collections in December. Up to now 30 days, Ethereum-based NFTs have recorded a buying and selling gross sales quantity of $360 million. Nonetheless, the Ethereum NFT gross sales declined 12% in December from the earlier month.

Digital collectibles hosted on Solana had been the third most traded NFT assortment in December 2023. Up to now 30 days, the Solana-based NFT assortment has amassed a buying and selling gross sales quantity of $322 million, representing a 280% spike from the earlier month. Solana blockchain community emerged as the primary competitor for Ethereum in December.

Supply: CryptoSlam.io, NFT gross sales quantity by blockchain up to now 30 days

Non-fungible token collections hosted on Polygon, an Ethereum scaling community, had been the fourth most traded NFT assortment in December 2023. Up to now 30 days, Polygon-based NFTs have amassed a buying and selling gross sales quantity of $48 million, representing a 7.03% spike from the previous month.

The Arbitrum blockchain community has lately risen in rankings. In December, Arbitrum-based NFTs had been essentially the most traded NFT assortment. Up to now 30 days, Arbitrum-based NFTs have amassed a buying and selling gross sales quantity of $28 million, representing a 180% spike from the previous month.

Ethereum blockchain community took the lead in NFT washing in December, amassing a buying and selling gross sales quantity of $366 million. By description, wash buying and selling is a type of market manipulation wherein collectors concurrently promote and purchase the identical NFTs, making a misunderstanding of market exercise.

Ten Most Promoting NFTs In December 2023

Supply: CryptoSlam.io, high promoting NFTs up to now 30 days

1. $SAT BRC-20 NFT Assortment

$SAT, a non-fungible token assortment created on the Bitcoin blockchain community utilizing the BRC-20 protocol, has been the top-selling NFT assortment in December. Up to now 30 days, the $SAT BRC-20 NFT assortment has recorded a buying and selling gross sales quantity of $81 million. The NFT assortment fell 11.94% in sale quantity in December.

2. Bitcoin Ordinal ‘Uncategorized’ NFTs

Bitcoin Ordinals, the equal of non-fungible tokens created on the Bitcoin blockchain utilizing satoshis, the smallest denomination on the chain, has been the second most-selling in December. Up to now 30 days, Bitcoin Ordinals NFT collections have attracted a buying and selling gross sales quantity of $81 million. Bitcoin Ordinal gross sales rose 294% in December from the previous month.

3. $RAT BRC-20 NFT Assortment

$RAT, an animal-inspired non-fungible token assortment created on the Bitcoin blockchain community utilizing the BRC-20 protocol, has been the third most promoting in December. Up to now 30 days, the $RAT BRC-20 NFT assortment has recorded a buying and selling gross sales quantity of $56 million. $RAT BRC-20 NFT gross sales rose 25.63% in December from the previous month.

4. $MICE BRC-20 NFT Assortment

$MICE, one other animal-inspired non-fungible token assortment created on the Bitcoin blockchain community, has been the fourth most-selling NFT assortment in December. Up to now 30 days, the $MICE BRC-20 NFT assortment has amassed a buying and selling gross sales quantity of $43 million. $MICE BRC-20 NFT gross sales elevated 8,987% in December from the previous month.

5. Tensorians NFT Assortment

Tensorians, an NFT assortment completely created on the Solana blockchain community, has been the fifth most-selling NFT assortment in December. Up to now 30 days, Tensorians NFT assortment has amassed a buying and selling gross sales quantity of $27 million. Tensorians NFT gross sales quantity elevated 323% in December.

Supply: CryptoSlam.io, high promoting NFTs up to now 30 days

6. Bitcoin Frog NFT Assortment

Bitcoin Frogs, an NFT assortment hosted on the Bitcoin blockchain community utilizing Sotoshi Nakamoto’s ordinal protocol, was the sixth most-selling NFT assortment this December. Up to now 30 days, the Bitcoin Frogs NFT assortment has amassed a buying and selling gross sales quantity of $26 million. Bitcoin Frogs NFT gross sales jumped 143% in December.

7. $SQTS BRC-20 NFT Assortment

$SQTS, one other non-fungible token assortment created on the Bitcoin blockchain community utilizing the BRC-20 protocol, was December’s seventh most-selling NFT assortment. Up to now 30 days, the $SQTS BRC-20 NFT assortment has amassed a buying and selling gross sales quantity of $26 million.

8. Mad Lads NFT Assortment

Mad Lads, an NFT assortment by the digital asset agency Coral that contains a restricted version of 10,000 NFTs hosted on the Solana blockchain community, has been the eighth most-selling NFT assortment in December. Up to now 30 days, the Mad Lads NFT assortment has recorded a buying and selling gross sales quantity of $24 million. Mad Lads NFT gross sales jumped 27.54% in December.

9. Sentry Node License NFT Assortment

Sentry Node License, a non-fungible token assortment hosted on the Arbitrum blockchain community, has been the ninth most-selling NFT assortment in December. Up to now 30 days, the Sentry Node License NFT assortment has amassed a buying and selling gross sales quantity of $22 million.

10. Gods Unchained NFT Assortment

Gods Unchained, an NFT assortment from the digital buying and selling card Gods Unchained hosted on Immutable X, was the tenth most-selling NFT assortment in December. Up to now 30 days, the Gods Unchained NFT assortment has recorded a buying and selling gross sales quantity of $21 million, closing our ten top-selling NFT collections in December 2023.

Most Costly NFTs Offered In December 2023

Van Gogh’s portray #216 was the costliest NFT assortment offered in December, promoting for $1,199,108 thirty days in the past. FrxETHRedemption #33 was the second most costly NFT assortment offered in December, promoting for $638,433 seven days in the past. Deep Imaginative and prescient #05128 NFT was the third most costly NFT assortment offered in December, promoting $551,770 twelve days in the past.

Supply: CryptoSlam.io, most costly NFTs offered up to now 30 days

The NFT Market Prediction For January 2024

The non-fungible token area is anticipated to develop additional subsequent yr. In an unique interview with Cointelegraph, Jason Lau, chief innovation officer at crypto change OKX, mentioned that he believes the latest development of inserting NFTs on the Bitcoin community will proceed in 2024 as educators turn into extra “educated and discerning.” Bitcoin-based NFTs have been taking the NFT area by storm in 2023.