Bitcoin NFTs Shatter Sales Records: This One Leads.

Bitcoin-fungible tokens (NFTs) recently stole the spotlight as Yuga Labs tries to revive interest in Ethereum NFTs with its Otherside Metaverse project, marking a year-to-date record for daily sales over the weekend.

Surpassing Ethereum in weekly sales, Bitcoin NFTs, led by Ordinals Innovation, achieved an impressive $168.5 million in sales, an 80% increase from last week. This growth reflects the growing interest in Bitcoin as a utility network.

Bitcoin NFTs copy Ethereum NFTs

The sudden increase in Bitcoin NFT sales is due to the innovative use of Ordinals that started in January 2023. The NFT-like asset protocol allows users to add files to satoshis, the smallest unit of Bitcoin.

At the forefront of Bitcoin NFT rise is the NodeMonkes group. With sales rocketing to over $41 million, a nearly 170% increase over the week, NodeMonks has become a prime example of the potential of Bitcoin-based NFTs. In fact, this significant increase puts NodeMonkes second in sales behind the undistributed originals.

The collection has amassed over $43 million in sales with over 47,000 transactions.

Read more: 11 Most Expensive NFTs Ever Sold

However, while Bitcoin NFTs are experiencing unprecedented growth, Ethereum-based NFTs led by innovators like Yuga Labs continue to thrive.

Known for its blue-chip Bored Up Yacht Club (BAYC) conglomerate, Yuga Labs remains a cornerstone of the Ethereum NFT market. His latest efforts at Metaverse, along with the development of the Otherside Metaverse, demonstrate his commitment to expanding the use of NFTs beyond digital collections.

Although still in its infancy, Otherside Metaverse has garnered mixed reviews from its early testers. Some users praised the immersive experience and quality of the graphics, highlighting the potential of a new type of digital interaction driven by NFT.

“Overnight, I'll be honest and constructive: this feels, sometimes, like a proof of concept, not tens of millions of dollars and two years of work. With respect. Some things don't work and they're monitoring these levels like going out,” said one community member.

Despite differing opinions, the initiative is a major step towards integrating NFTs into interactive digital experiences. Embedding NFTs with utility will further strengthen the position of Ethereum NFTs in the market.

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In contrast to the rapid rise of Bitcoin's NFTs, Ethereum's established NFT portfolios, including YugaLab's Baysey, continue to command high market prices and investor interest. This enduring popularity reflects the diverse appeal of NFTs on different blockchains. It also highlights how important innovation is to sustain market growth.