1. PixelPlaygroundHome
  2. Blockchain Briefs

The cumulative casting volume of Ordinals inscriptions in the Bitcoin NFT protocol has exceeded 900000 pieces

• Blockchain Briefs • 109 views

According to reports, the latest data from Dune Analytics shows that the cumulative number of NFTs with inscriptions on the Bitcoin NFT protocol Ordinals has exceeded 900000, reach

The cumulative casting volume of Ordinals inscriptions in the Bitcoin NFT protocol has exceeded 900000 pieces

According to reports, the latest data from Dune Analytics shows that the cumulative number of NFTs with inscriptions on the Bitcoin NFT protocol Ordinals has exceeded 900000, reaching 907688 as of the time of publication, an increase of over 80% within the month. The current fee income is 159.8862 BTC, approximately $4560445.52.

The cumulative casting volume of Ordinals inscriptions in the Bitcoin NFT protocol has exceeded 900000 pieces

I. Introduction
– Explanation of NFTs and Bitcoin NFT protocol Ordinals
II. Latest Data from Dune Analytics
– Analysis of the report and its implications
III. Significance of the Increase in Inscriptions
– Impact on the crypto market and art industry
IV. Fee Income Generated From NFTs with Inscriptions
– Breakdown of the current fee income in Bitcoin and USD
V. Future of NFTs with Inscriptions
– Potential growth and challenges
VI. Conclusion
– Summary of key points
VII. FAQs
– What is the difference between NFTs with inscriptions and regular NFTs?
– Can ordinary people invest in NFTs with inscriptions?
– How do NFTs with inscriptions affect the traditional art market?

According to Reports, the Cumulative Number of NFTs with Inscriptions on the Bitcoin NFT Protocol Ordinals Surpasses 900000

The world of Non-Fungible Tokens (NFTs) continues to expand at an astounding pace. One of the newest trends in this sector is the use of inscriptions, which are essentially messages added to the NFTs. According to the latest data from Dune Analytics, the cumulative number of NFTs with inscriptions on the Bitcoin NFT protocol Ordinals has exceeded 900,000, reaching 907,688 as of the time of publication. This marks an increase of over 80% within the month, highlighting the growing popularity of NFTs with inscriptions among cryptocurrency enthusiasts and investors.
The report from Dune Analytics also revealed that the current fee income generated from these NFTs is 159.8862 BTC, which is approximately $4,560,445.52. This is a significant amount of revenue generated from digital art and other items sold through this new medium.

Latest Data from Dune Analytics

Dune Analytics is a decentralized data analytics platform that allows users to create and share data queries on the Ethereum blockchain. The latest data from the platform has revealed that NFTs with inscriptions on the Bitcoin NFT protocol Ordinals have experienced a tremendous surge in popularity. This is likely due to the unique nature of these NFTs, which provide additional value to the collector through the added message.
The report from Dune Analytics shows that the number of NFTs with inscriptions on the Bitcoin NFT protocol Ordinals has grown rapidly in recent weeks. This trend is expected to continue as more investors and artists seek to capitalize on the growing popularity of NFTs.

Significance of the Increase in Inscriptions

The exponential growth of NFTs with inscriptions on the Bitcoin NFT protocol Ordinals has significant implications for both the crypto market and art industry. From a market perspective, this trend increases the overall value and appeal of NFTs. The inclusion of messages adds a layer of personalization and uniqueness to these digital assets, making them all the more appealing to collectors.
From an artistic perspective, the use of inscriptions provides new opportunities for artists to express themselves in exciting new ways. The ability to add messages to NFTs allows artists to communicate directly with their collectors, enabling a new level of interaction and appreciation for digital art.

Fee Income Generated From NFTs with Inscriptions

NFTs with inscriptions on the Bitcoin NFT protocol Ordinals generate significant revenue through fees charged for transactions on the blockchain. The current fee income generated from 907,688 NFTs is 159.8862 BTC, which is approximately $4,560,445.52. This massive revenue stream is only expected to increase as the popularity of NFTs with inscriptions continues to grow.

Future of NFTs with Inscriptions

The rapid growth of NFTs with inscriptions on the Bitcoin NFT protocol Ordinals is likely to continue into the future. While challenges exist, such as potential scalability issues and regulation concerns, the increasing demand for these assets provides significant opportunities for investors and artists alike.
Looking ahead, the future of NFTs with inscriptions is bright, with many anticipating continued growth and innovative new use cases for this unique asset class.

Conclusion

The world of NFTs continues to expand at an unprecedented pace, with the latest data from Dune Analytics highlighting a significant surge in demand for NFTs with inscriptions on the Bitcoin NFT protocol Ordinals. These unique assets offer additional value to collectors through the added message, paving the way for new opportunities in the crypto market and the art industry.

FAQs

Q. What is the difference between NFTs with inscriptions and regular NFTs?
A. NFTs with inscriptions add an extra layer of uniqueness to the digital asset through the addition of a message or other personalized feature.
Q. Can ordinary people invest in NFTs with inscriptions?
A. Yes, anyone can invest in NFTs with inscriptions provided they have a cryptocurrency wallet and access to a marketplace that trades in these assets.
Q. How do NFTs with inscriptions affect the traditional art market?
A. NFTs with inscriptions have the potential to disrupt the traditional art market by offering a new way for artists to monetize their work, bypassing the need for galleries or auction houses.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/20318/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 04/05/2023 13:04
Next 04/05/2023 13:06

Recommended articles