Krutika Adani
Despite the sideways market, Bitcoin NFTs, or Ordinals, have witnessed a rise in their sales figures to $49 million, a 57% increase.
In the same week, Ethereum, which once dominated NFT markets, managed around $35 million in sales.
Despite being just 18 months old, Bitcoin NFTs have managed to beat their counterparts on Ethereum.
Bitcoin NFTs, or Ordinals, are actual sub-units of Bitcoin, called Satoshis. They are inscribed with information such as text, images, audio, video, or even software.
Casey Rodarmor, who created Bitcoin NFTs, has recently launched another project called Bitcoin Runes, which is similar to Solana memecoins.