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News

Ordinals Minting Surpasses Expectations, Raking in 6,200 BTC in Fees!

February 25, 2024 - Around 2 mins mins to read

Key Points:

  • Dune Data reveals Ordinals minting on Bitcoin NFT hits 6,200 BTC ($320M).
  • Unprecedented engagement as 61M+ Ordinals inscriptions cast on the protocol.
  • Bitcoin NFT protocol redefines ownership with thriving community and financial gains.
Dune Analytics has unveiled staggering figures showcasing the remarkable success of Ordinals minting on the Bitcoin NFT protocol.
Ordinals Minting Surpasses Expectations, Raking in 6,200 BTC in Fees!

Cumulative fee revenue from the process has surged to an impressive 6,200 BTC, translating to a jaw-dropping sum of approximately US$320,674,713.

The Ordinals inscriptions, a unique facet of the Bitcoin NFT protocol, have witnessed an unprecedented level of adoption, with enthusiasts and collectors alike contributing to the monumental achievement. The cumulative fee income serves as a testament to the burgeoning popularity and financial viability of this innovative protocol.

Dune Data reports $320M milestone in Ordinals minting surge

Image

As of the latest data analysis, a remarkable total of 61,186,257 inscriptions have been cast, underscoring the widespread engagement and participation in the Ordinals minting process. This milestone not only highlights the sheer volume of activity within the Bitcoin NFT ecosystem but also signals a vibrant and thriving community actively involved in the creation and collection of these distinctive digital assets.

The accrued fee revenue, denominated in Bitcoin, underscores the protocol’s inherent value and attractiveness to users seeking both artistic expression and potential financial gains. The convergence of technology, art, and finance in the realm of NFTs continues to reshape traditional notions of ownership and value.

Over 61M Ordinals inscriptions reshape NFT landscape

This achievement in Ordinals minting is expected to reverberate across the crypto landscape, attracting even more attention and participation. As the Bitcoin NFT protocol continues to evolve, the community eagerly anticipates further innovations, milestones, and opportunities that lie ahead. The exceptional success of Ordinals minting serves as a beacon, illuminating the transformative power of blockchain technology in the realm of digital art and collectibles.

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.

Ordinals Minting

Ordinals Minting Surpasses

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
News

Ordinals Minting Surpasses Expectations, Raking in 6,200 BTC in Fees!

Key Points:

  • Dune Data reveals Ordinals minting on Bitcoin NFT hits 6,200 BTC ($320M).
  • Unprecedented engagement as 61M+ Ordinals inscriptions cast on the protocol.
  • Bitcoin NFT protocol redefines ownership with thriving community and financial gains.
Dune Analytics has unveiled staggering figures showcasing the remarkable success of Ordinals minting on the Bitcoin NFT protocol.
Ordinals Minting Surpasses Expectations, Raking in 6,200 BTC in Fees!

Cumulative fee revenue from the process has surged to an impressive 6,200 BTC, translating to a jaw-dropping sum of approximately US$320,674,713.

The Ordinals inscriptions, a unique facet of the Bitcoin NFT protocol, have witnessed an unprecedented level of adoption, with enthusiasts and collectors alike contributing to the monumental achievement. The cumulative fee income serves as a testament to the burgeoning popularity and financial viability of this innovative protocol.

Dune Data reports $320M milestone in Ordinals minting surge

Image

As of the latest data analysis, a remarkable total of 61,186,257 inscriptions have been cast, underscoring the widespread engagement and participation in the Ordinals minting process. This milestone not only highlights the sheer volume of activity within the Bitcoin NFT ecosystem but also signals a vibrant and thriving community actively involved in the creation and collection of these distinctive digital assets.

The accrued fee revenue, denominated in Bitcoin, underscores the protocol’s inherent value and attractiveness to users seeking both artistic expression and potential financial gains. The convergence of technology, art, and finance in the realm of NFTs continues to reshape traditional notions of ownership and value.

Over 61M Ordinals inscriptions reshape NFT landscape

This achievement in Ordinals minting is expected to reverberate across the crypto landscape, attracting even more attention and participation. As the Bitcoin NFT protocol continues to evolve, the community eagerly anticipates further innovations, milestones, and opportunities that lie ahead. The exceptional success of Ordinals minting serves as a beacon, illuminating the transformative power of blockchain technology in the realm of digital art and collectibles.

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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