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Digital collectibles on Bitcoin (BTC) reaches a milestone of over $4 billion

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Digital collectibles on Bitcoin reached a milestone of over $4 B

Digital collectibles on Bitcoin reached a milestone despite a 54% drop in non-fungible token (NFT) sales in May.

On June 4, NFT data tracker CryptoSlam reported an all-time high of over $4 billion in Bitcoin blockchain NFT sales. It comprised $3.97 billion in NFTs and $82 million in wash sales.

The greatest 30-day sales volume of blockchain-based NFTs was $171 million for Bitcoin. Ethereum was next with $159 million, then Solana with $90 million last month.

Bitcoin NFTs top 30-day volumes but are just the fourth-largest blockchain in sales. The Ronin blockchain, which has $4.2 billion in revenues, is third.

Second place goes to Solana NFTs with a record $5.5 billion in sales. Ethereum still leads NFT revenues with $43.8 billion.

NFT sales fell across the board in May. CryptoSlam reported 54% lower NFT revenue in May. NFT sales reached $1 billion in April and $624 million in May. Bitcoin collectibles also fell in sales. Data shows Bitcoin-based NFT sales decreased 68% in May.

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Judith Faith has been writing about cryptocurrencies and blockchain technology for over five years. She is well versed in the industry and has an extensive network of industry contacts. She is also a frequent contributor to various cryptocurrency publications. With her vast knowledge and experience, she is able to provide insightful and valuable content to her readers. Judith is also an active investor in the cryptocurrency space and has a vested interest in the success of the industry.