{"id":81701,"date":"2024-06-18T05:28:22","date_gmt":"2024-06-18T09:28:22","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=81701"},"modified":"2024-06-18T05:28:24","modified_gmt":"2024-06-18T09:28:24","slug":"bitcoin-network-surpasses-ronin-in-all-time-nfts-sale","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bitcoin-network-surpasses-ronin-in-all-time-nfts-sale\/","title":{"rendered":"Bitcoin Network Surpasses Ronin in All-time NFTs Sale"},"content":{"rendered":"\n

According to data from CryptoSlam, the Bitcoin network<\/a> has surpassed the Ronin blockchain in the all-time sale ranking of nonfungible tokens (NFTs).<\/p>\n\n\n\n

\"Bitcoin
Bitcoin Network Surpasses Ronin in All-time NFTs Sale<\/figcaption><\/figure>\n\n\n\n

On June 18, CryptoSlam, an NFT data tracker, revealed that Bitcoin-based NFTs had achieved an all-time sales volume of $4,271,928,280. This surpasses the Ronin blockchain's record of $4,271,675,550, propelling Bitcoin into the top three main blockchain networks for NFT sales, following Ethereum and Solana.<\/p>\n\n\n\n

\"All-time
All-time sales volume Source: CryptoSlam<\/figcaption><\/figure>\n\n\n\n

Bitcoin-based NFTs have generated a sales volume of $148 million over the past 30 days. This places them in the top two positions for the month, following Ethereum, which had a volume of $157 million. Solana followed closely behind with approximately $77 million.<\/p>\n\n\n\n

NFTs experienced a decline in volume, with the top three chains exhibiting a minimum of a 40% decline in 30-day sales despite the millions in sales that were recorded, according to CryptoSlam.<\/p>\n\n\n\n

Bitcoin NFTs are still considered “primitive”<\/h2>\n\n\n\n

Jeff Zirlin, co-founder of Sky Mavis\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, the team responsible for the Ronin network, has expressed his conviction that the increased adoption of NFTs is beneficial in a statement. The executive informed Cointelegraph that they have not prioritized Bitcoin but aim to compete with blockchain gaming ecosystems. Zirlin stated:<\/p>\n\n\n\n

\n

\u201cWe haven\u2019t been paying too much attention to Bitcoin NFTs because they are still primitive and unrelated to gaming. In general, more adoption of NFTs is good and we\u2019re more competitive with ecosystems that focus specifically on gaming.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

Zirlin thinks that gaming is currently “in a state of evolution.” The co-founder of Sky Mavis clarified that the rise in user acquisition costs has decreased the effectiveness of previously successful strategies for gaming companies.<\/p>\n\n\n\n

Zirlin stated, “Web3 provides an alternative approach that generates more durable games by leveraging ownership-based revenue models and incentive alignment with your core audience.”<\/p>\n\n\n\n

Bitcoin NFTs exceeded $4B in Transactions<\/h2>\n\n\n\n

CryptoSlam data from June 4 indicated that Bitcoin-based NFTs<\/a> achieved an all-time sales volume of $4 billion. The data comprised $3.97 billion in NFT sales and more than $80 million in laundry sales.<\/p>\n\n\n\n

The broader NFT market experienced lower sales volumes despite the new milestone. Compared to April, the monthly volume of NFT sales decreased by 54% in May. The digital collectibles industry recorded a volume of $624 million in May, while NFTs saw over $1 billion in sales in April.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to data from CryptoSlam, the Bitcoin network has surpassed the Ronin blockchain in the all-time sale ranking of nonfungible tokens (NFTs). On June 18, CryptoSlam, an NFT data tracker, revealed that Bitcoin-based NFTs had achieved an all-time sales volume of $4,271,928,280. This surpasses the Ronin blockchain’s record of $4,271,675,550, propelling Bitcoin into the top […]<\/p>\n","protected":false},"author":12,"featured_media":81710,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11409],"tags":[4541,20065,8725],"class_list":["post-81701","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nfts","tag-bitcoin-network","tag-nfts-sale","tag-ronin-network-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/image-90.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/81701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=81701"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/81701\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/81710"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=81701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=81701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=81701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}