Bitcoin innovation and development has seen a “renaissance” in activity in the last year, Franklin Templeton Digital Assets said in an April report.
“This activity is starting to accelerate within the Bitcoin NFT space,” wrote Franklin Templeton, noting that Ordinals have seen a sudden increase in trading volume in recent months. This is reflected by market share data showing an increase in dominance starting in December last year when Bitcoin surpassed rival blockchain Ethereum in NFT trading volume, the investment manager wrote.
“Multiple Ordinal collections are starting to dominate the NFT market in terms of volume and market cap,” the report added.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.
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