NFT
Pixelated images of ‘Pepe the Frog’ starship comics were the latest draw for digital art collectors in the Web3 world.
The so-called Bitcoin-based “Space Pepes” collection became the most traded non-fungible tokens (NFTs) over a seven-day period, data from Cryptoslam shows, worth more than $7.3 million of the collection traded .
Each of these Space Pepes retails for just under $100, and data shows that most of the trading volumes came on May 19. Since then, volumes have gradually declined.
These weekly numbers outpaced the popular Ethereum-based Bored Apes Yacht Club (BAYC) collection and highlight a growing trend of Bitcoin-based artworks gaining popularity over their peers on other networks, such as Solana and Polygon, which are more prominently known. were among collectors.
BAYC and Mutant Ape Yacht Club (MAYC), another collection from the same makers, registered a cumulative volume of $9 million. ImmutableX-based Gods Unchained clocked in at $4 million in volumes, while the controversial Milady collection traded for $3 million.
As such, Bitcoin NFTs have brought in about $167 million in trading volumes in the past thirty days, which is several digits lower than Ethereum’s nearly $397 million. However, NFT sales on Bitcoin are nearly three times larger than on the Solana network, according to Cryptoslam, trailing by about $57 million.
