Post
Topic
Board Bitcoin Discussion
Re: On Ordinals: Where do you stand?
by
bbc.reporter
on 23/05/2023, 01:58:11 UTC
Its only a fad, it will pass on its own...
Well, fads normally don't last only a couple of days. At least some weeks, and most of them a couple of months. But not more than half a year, normally.

Agreed, however, it will not be dead. I reckon it will always be there to begin another wave of bullishness when the NFT market is ready.

In any case, Coindesk is presently hyping Ordinals and bitcoin NFTs hehe. The skeptic and the contrarian in me says that for now it will start decreasing in popularity.



Bitcoin-based non-fungible tokens (NFTs) have risen to second place for NFT sales per blockchain, according to Web3 data platform CryptoSlam, which is remarkable considering Bitcoin NFTs didn’t effectively exist before the enabling of inscriptions on the Bitcoin mainnet in January 2023.

The data shows that in the past thirty days, Bitcoin NFTs have grossed about $167 million, which is several figures shy of Ethereum’s near-$397 million.


Source https://www.coindesk.com/web3/2023/05/22/in-nft-sales-bitcoin-jumps-to-no-2-spot-in-a-matter-of-months/