Bitcoin NFTs Hit $5.5B All-time Sales, As Inscriptions Near 100M
Despite the non-fungible token market experiencing fluctuations in the past four years, Bitcoin has solidified its position as a significant player, particularly with the advent of Ordinals and its rapidly growing NFT ecosystem. According to the latest statistics, nearly 100 million Ordinal inscriptions have been minted on the Bitcoin blockchain network, amassing a trading sales volume of more than $5.5 billion. Bitcoin Secures 3rd Place In The NFT Market Data compiled by Ordiscan.com, an on-chain ordinals explorer that provides on-chain record Analysis services for BTC Inscriptions, Runes, Rare sats, and BRC-20 non-fungible token collections, indicates that the Bitcoin network keeps on solidifying its position in the global NFT market. Since its entry into the NFT market in December 2022, the Bitcoin network has seen nearly 100 million ordinals inscribed on its platform. Even though the Bitcoin network is not as widely used for NFTs as Ethereum and Solana networks, it has bec...