HomeUncategorizedImproving Bitcoin NFT marketplace infrastructure sets the stage for ecosystem growth By Cointelegraph

Improving Bitcoin NFT marketplace infrastructure sets the stage for ecosystem growth By Cointelegraph

March 25, 2023

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© Reuters.

NFT inscription activity has remained strong with consistency in the daily number of NFTs inscribed on Bitcoin. At the same time, the infrastructure to foster Bitcoin trading is finally coming together with the development of wallets and marketplaces supporting Ordinals.

NFT marketplaces, Gamma and Magic Eden, added support for Bitcoin NFTs this week. While the initial response of traders has been subdued, the activity is expected to pick up soon.

Cumulative sum and number of daily BTC NFTs inscribed. Source: Dune
Bitcoin Ordinals top collections on Magic Eden. Source: Magic Eden
Number of Hiro clients that connected their wallets to Gamma. Source: Hiro