as a BitcoinPrice rockets, NFT-like Turns Cross-selling major casual markets are making a quiet comeback, surpassing $19.7 million on Monday. According to CryptoSlam data, more than $14 million in sales have been made.
The number has increased since the beginning of the month, the daily trading volume was 5-6 million dollars. But he still has a long way to go to reach what he set in December – an $85 million trade.
And the cross-chain marketplace Magic Eden Ordinals is again a top place to find Dune data It shows. Last month, the popular chain NFT marketplace announced New points program for merchants, gifting “Diamonds” to loyal users.
This can be a fruitful, symbiotic relationship, explains Scott Norris, independent bitcoin miner at Optiminer.
Norris told DeCrypt that “regular transactions will help increase transaction fees, which should help common knowledge miners.” Half of them pay their energy bills, but the big ones are generating their own power and selling it back to the grid when needed.
On Magic Eden, the most popular orthodox collections include NodeMonkeys, Bitcoin toysAnd RSIC Metaprotocol.
The renewed interest in Ordinals comes as the price of Bitcoin rises — hitting $57,000 per coin today — following a spot BTC exchange-traded fund last month, and as the largest crypto network nears its long-awaited halving event.
BitcoinS A halving means that miners who conduct transactions on the blockchain and produce new coins will have their reward payments halved. Miners have to work harder to process transactions—when they are already working hard to run normal operations.
Ordinary NFT-style notes are mapped to individual satoshis—bringing a unique use case to the larger crypto network.
Allowing non-financial information such as art, profile pictures or text to be recorded on the Bitcoin blockchain It exploded Last year and led all kinds of protocols and projects that come into existence.
Some members of the Bitcoin community have fallen for the new craze, however; Blowing people up The use of the Bitcoin blockchain to capture images because it has raised the cost of making transactions.
At one point, the cost of sending bitcoin was the highest it had been in more than two-and-a-half years, but the costs have fallen as network congestion has eased.
Edited by Ryan Ozawa.
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