OKXNFT Maketplace Has Released The Bitcoin Ordinal NFT Collection With Over 3500 Items

Key Points:

• The initial byte-perfect uploads of the original Ethereum CryptoPunks into the Bitcoin Blockchain are referred to as Bitcoin Punks. Ordinals are used in this process.
• The NFT Collection has a starting price of 1.09 ETH and a total of 3,500 pieces. At this point, the collection has over 1,500 owners, and the trading volume recorded has reached 5,430 ETH (at the time of this writing).

On March 6, the OKXNFT marketplace has officially public the new NFT Collection.

The first Bitcoin Ordinal NFT collection has been released, as was recently announced by OKXNFT maketplace. For placing orders or trading BTCNFT, you can use ETH or any other ERC20 coin. OKX has said that the BTCNFT that is listed is a genuine NFT that has been validated by OKX. OKX has also stated that an item may be withdrawn to the BTC wallet by using EmblemVault.

The Collection has a floor price of 1.09 ETH and comprises 3,500 items. At this time, the collection has already had over 1,500 owners, and the trade volume that has been recorded has reached 5,430 ETH (at the time of this writing).

Since the LUNA collapse, the NFT Market has been the recipient of a great deal of encouraging news and has been quite busy. The value of the volume of trades conducted on NFTs reached $2 billion for the first time since May 2022, following a month-over-month growth of 117% from January to February. Despite the fact that the amount of trading on the NFT rose dramatically, revenues decreased by 31.46%, going from 9.2 million in January to 6.3 million in February.

In February, Ethereum (ETH) maintained its position as the blockchain with the highest amount of transactions. The chain’s trade volume increased by 174% from $659 million in January to $1.8 billion in February, reaching a total of $1.8 billion. According to these figures, ETH is responsible for 83.36% of the whole market for this digital item. It was then followed by Solana (SOL), which had a trading volume of $75 million, and Polygon (MATIC), which had a trading volume of $39 million.

When it came to total trading volume in February, Blur was ahead of OpenSea. By the course of the month, trade volume for Blur was more than $1.3 billion, with OpenSea coming in second place with $587 million. According to these data, Blur is responsible for 64.8% of the overall trading volume on the market, while OpenSea is responsible for 28.7% of the total trading volume.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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