Bitcoin is Now the Second Most Popular Blockchain for NFTs
Bitcoin NFTs have swiftly climbed the ranks in the world of non-fungible tokens, securing the second spot for NFT sales per blockchain in the past 30 days, as indicated by CryptoSlam, a Web3 data platform. What makes this achievement even more noteworthy is the fact that Bitcoin NFTs were virtually non-existent until Bitcoin Ordinals emerged earlier this year. Over the last thirty days, Bitcoin NFTs have amassed an impressive $167 million in gross sales.
The Ordinals Protocol has played a pivotal role in Bitcoin's rapid ascent to prominence in the NFT arena. This mechanism allows for the inclusion of data, such as a JPEG, onto satoshis, the smallest unit of bitcoin. Despite facing some criticism within the Bitcoin community, the Ordinals Protocol received a significant boost when NFT giant Yuga Labs launched their own Ordinals-based collection in February.
Among the Bitcoin-based NFT collections, CryptoSlam reports that Bitcoin Frogs currently reigns supreme. This captivating collection has generated a substantial $6.3 million in sales over the past week alone.I've been writing about Bitcoin since 2014. My work has appeared in Forbes, Fortune, Wired UK, Bitcoin Magazine, and many other online publications.
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