Bitcoin Ordinals scripts growth story for NFT ecosystem as sales volume soars

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  • Bitcoin recorded the second-highest NFT sales volume for any blockchain during the last seven days.
  • Ordinals was the second-largest NFT collection, just behind the blue-chip collection BAYC.

A year ago, nobody would have imagined Bitcoin [BTC] could become a favored network for facilitating Non-fungible Token [NFT] transactions. However, things have taken a sharp turn since the beginning of 2023.


Read Bitcoin’s [BTC] Price Prediction 2023-24


A user who invests in Bitcoin-related firms recently tweeted that 80% of the top 10 NFT sales in the previous week took place on Bitcoin, a space that is typically dominated by networks powered by smart contracts like Ethereum [ETH] and Solana [SOL].

 

The new-age Bitcoin

Bitcoin recorded the second-highest NFT sales volume for any blockchain during the last seven days, according to data from CryptoSlam. Trades worth more than $37…

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