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Bitcoin Soars to Second Largest NFT Chain, StepN Integrates Apple Pay

By Sherry Cantwell
May 29, 2023
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Non-fungible tokens (NFTs) are still making waves in the Bitcoin community, and the network has quickly become the second-largest NFT chain, according to CryptoSlam.

Looking at 24-hour, 7-day, and 30-day metrics, CryptoSlam data shows that Bitcoin has the second-largest NFT volume in the entire market.

In the past 30 days, Bitcoin's NFT sales on the secondary market have reached as high as $167.47 million, but it is still far below the $395.95 million on Ethereum during the same period. Notably, Bitcoin is now well ahead of its closest compete itors, including Solana and Mythos Chain, which have recorded sales of just $55.8 million and $35.4 million, respectively, over the past 30 days.

In terms of Bitcoin's most popular collection of NFTs, Bitcoin Ordinals led the charge with $26.3 million in sales over the past 30 days, making it the fourth best-selling item across all blockchains during that period. This was followed by Space Pepes and Bitcoin Frogs , which attracted 30-day sales worth $12.24 million and $9.43 million, respectively. At the time of writing, they are ranked 11th and 15th in the past month.

StepN into Apple Pay for the first time

According to web3 Lifestyle Platform Stepn, it has become the first blockchain-base gaming app to integrate with Apple Pay. Developed by Web3 Studio Find Satoshii Lab, Stepn IS KNOWN FOR ITS Mobile Money-Making Model, Which Essentially Rewards Holders of Sneaker NFTS With Crypto tokens based on how much they walk or jog.

In a May 22 announcement, the StepN team emphasized that the move marks an “important step” for the platform as it simplifies the in-app payment process by eliminating “the need to connect a separate crypto wallet.” The team also suggests that it will “remove the barrier to entry” for those unfamiliar with setting up crypto and NFT wallets, which can be a complicated process for beginners.

“This integration allows us to target a whole new audience and make Web3 more accessible to the general public. It bridges the gap between Web2 and Web3 technologies like never before,” said Yawn Rong, co-founder of Find Satoshi Labs. The downside of this, however, is that StepN is integrated with Apple's payment service, rather than making payments externally. That could mean the company will have to pay a 30 percent "Apple tax" on all transactions made through the Apple App Store.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of BitKan. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. BitKan shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. Products mentioned in this article may not be available in your region.

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