Sales volume and transactions for Bitcoin NFTs have been steadily decreasing since June, suggesting a potential decline in interest for Bitcoin Ordinals.
Developers specializing in blockchain technology are at the forefront of finding innovative solutions to mitigate the issue of blockchain bloat resulting from Bitcoin NFTs. These advancements have the potential to decrease the creation costs of Bitcoin NFTs by up to 90%.
Magic Eden, one of the biggest cross-chain NFT platforms, launched a “fully audited” marketplace for Bitcoin Ordinals, utilizing on the growing interest in “Bitcoin NFT”.