Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin secures $4.5B in NFT sales with over 75M Ordinal inscriptions

Bitcoin secures $4.5B in NFT sales with over 75M Ordinal inscriptions

GrafaGrafa2024/09/20 03:30
By:Mahathir Bayena

Bitcoin (CRYPTO:BTC) has made significant strides in the NFT space with over 75 million Ordinal inscriptions minted since December 2022, cementing its place as the third-largest blockchain by non-fungible token (NFT) sales. 

Despite a downturn in the broader NFT market, Bitcoin has carved out a unique niche, with total sales reaching an impressive $4.49 billion. 

The introduction of Ordinal inscriptions has breathed new life into Bitcoin, offering a fresh avenue for digital collectibles on its blockchain. 

The cumulative effect has brought in 6,901 BTC for miners, worth roughly $429 million. 

With Bitcoin’s total NFT sales only behind Ethereum and Solana, the blockchain continues to grow its presence, although it remains $39.64 billion short of Ethereum's dominant $44.13 billion. 

The most valuable Bitcoin NFT sale to date belongs to the Uncategorized Ordinals collection, with one item fetching $2.4 million. 

This collection leads Bitcoin’s NFT ecosystem, generating $424.82 million in sales. 

Other top collections include Nodemonkes at $264 million, Runestone with $231 million, SATS BRC20 NFTs at $212 million, and Ordinal Maxi Biz and Bitcoin Puppets with $166 million and $165 million, respectively. 

Even as daily inscription activity has slowed, the impact of Ordinal inscriptions remains notable, spurring creativity and innovation within the NFT space. 

The technology has allowed Bitcoin to expand beyond its traditional role, now standing alongside Ethereum (CRYPTO:ETH) and Solana (CRYPTO:SOL) as a key player in the NFT market. 

At the time of reporting, the Bitcoin price was $62,835.91.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!