The news highlights that in the past year and nine months, over 75 million Ordinal inscriptions have been minted on the Bitcoin blockchain, giving Bitcoin a significant presence in the NFT ecosystem. Despite a decline in NFT sales across the industry, Bitcoin has become the third-largest blockchain for NFT sales, trailing behind Ethereum and Solana. Bitcoin's NFT sales have reached $4.49 billion, with the most expensive sale being an item from the Uncategorized Ordinals collection, which sold for $2.4 million. Bitcoin's position in the NFT landscape is strengthening, offering new possibilities for the blockchain in the world of digital collectibles.
Analyst Jamie Coutts Says Crypto Market Could Be in the Final Throes of a Bearish Phase – Here’s Why