{"id":120064,"date":"2023-07-09T21:18:57","date_gmt":"2023-07-09T21:18:57","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-ordinals-about-to-flip-ethereum-nfts-crypto-news\/"},"modified":"2023-07-09T21:18:59","modified_gmt":"2023-07-09T21:18:59","slug":"bitcoin-ordinals-about-to-flip-ethereum-nfts-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-ordinals-about-to-flip-ethereum-nfts-crypto-news\/","title":{"rendered":"Bitcoin Ordinals About to Flip Ethereum NFTs\n – Crypto News"},"content":{"rendered":"

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Alex Dovbnya<\/a><\/p>\n

The Bitcoin and Ethereum rivalry is heating up in the non-fungible token (NFT) sector as Bitcoin’s “Ordinals” are poised to outpace Ethereum in terms of sales growth and active buyer participation.<\/p>\n<\/div>\n<\/div>\n

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Bitcoin’s native non-fungible tokens (NFTs), known as “Ordinals,” are on the verge of surpassing Ethereum in the NFT market, according to data from Crypto Slam<\/a>,<\/p>\n

Ordinals have seen a significant surge in both sales and active buyers, achieving an impressive 129.50% growth in USD sales and attracting close to 10% of the buyer market.<\/p>\n

Ethereum still currently leads the NFT sector with a sales total of over $24 million, however, the rapid rise of Bitcoin’s Ordinals suggests that a “flip” could be imminent.<\/p>\n

Ordinals, which have been rapidly gaining traction since their inception in April 2023, are unique digital assets inscribed on a satoshi, the smallest unit of Bitcoin<\/a>,<\/p>\n

Their creation was facilitated by the Taproot upgrade, launched on the Bitcoin network in November 2021, which made it possible to inscribe data on the Bitcoin network in a way that’s similar to creating NFTs on other blockchain platforms. Since their launch, Ordinals have been creating a stir in the Bitcoin community, setting record numbers of inscriptions on multiple occasions.<\/p>\n

Apart from Bitcoin’s Ordinals and Ethereum’s NFTs, several other blockchains have also made significant strides in the NFT<\/a> market. Solana holds the third spot, showing robust sales growth of 44.61% with total sales of $1.2 million and attracting 31.40% of buyers, a number that surpasses even Ethereum’s buyer market share.<\/p>\n

Polygon follows closely behind in fourth position, with a sales increase of 30.75% amounting to $1.3 million. The BNB Chain comes fifth, with sales totaling $856,027 and a buyer share of 7.54%. Lastly, Cardano, despite having a sales growth of 36.22% and total sales of $346,115<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Alex Dovbnya The Bitcoin and Ethereum rivalry is heating up in the non-fungible token (NFT) sector as Bitcoin’s “Ordinals” are poised to outpace Ethereum in terms of sales growth and active buyer participation. Bitcoin’s native non-fungible tokens (NFTs), known as “Ordinals,” are on the verge of surpassing Ethereum in the NFT market, according to data […]<\/p>\n","protected":false},"author":2,"featured_media":120065,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-120064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/120064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=120064"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/120064\/revisions"}],"predecessor-version":[{"id":120066,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/120064\/revisions\/120066"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/120065"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=120064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=120064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=120064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}