Bitcoin-based non-fungible tokens (NFTs) have recently achieved a significant milestone, surpassing the Ronin blockchain in all-time sales volume. According to data from CryptoSlam, Bitcoin NFTs recorded a remarkable $148 million in sales over the past 30 days, propelling the Bitcoin network up the ranks in the NFT sales leaderboard.

As of June 18, CryptoSlam data shows that Bitcoin-based NFTs have amassed an all-time sales volume of $4,271,928,280, edging past the Ronin blockchain's record of $4,271,675,550. This achievement places Bitcoin in the top three blockchain networks for NFT sales, following Ethereum and Solana.

In the last month alone, Bitcoin NFTs have seen impressive sales figures, totaling $148 million. This positions them just behind Ethereum, which led with $157 million in sales, and ahead of Solana, which recorded around $77 million. Despite these substantial sales, the broader NFT market has experienced a decline, with the top three chains, including Bitcoin, showing at least a 40% drop in 30-day sales volume.

Jeff Zirlin, co-founder of Sky Mavis—the team behind the Ronin network—commented on the evolving landscape of NFTs. Zirlin noted that while the team has not been focusing on Bitcoin NFTs, as they are still considered "primitive" and not directly related to gaming, the overall increase in NFT adoption is beneficial. He emphasized the competitive nature of blockchain gaming ecosystems, stating, "We haven’t 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’re more competitive with ecosystems that focus specifically on gaming."

Zirlin also highlighted the ongoing evolution in the gaming industry, noting that traditional strategies are yielding diminishing returns due to rising user acquisition costs. He sees Web3 technology as offering an alternative path, one that can create longer-lasting games through incentive alignment with core audiences and ownership-based revenue models.

Earlier, on June 4, CryptoSlam reported that Bitcoin-based NFTs had reached $4 billion in all-time sales volume. This figure includes $3.97 billion from NFT sales and over $80 million from wash sales. Despite this new milestone, the broader NFT market has seen a downturn, with monthly sales volumes in May dropping by 54% compared to April. In April, the NFT market saw over $1 billion in sales, while May's volume fell to $624 million.

The rise of Bitcoin NFTs marks a notable development in the NFT space, underscoring the dynamic and rapidly evolving nature of digital collectibles and blockchain technology.