• March 27, 2023


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Number of NFTs Issued on BTC’s Network Exceeds 116,000

ByLouis Adams

Feb 16, 2023 ,
Reading time: < 1 minute

According to Dune, the number of NFTs on the Bitcoin blockchain issued thanks to the Ordinals protocol has reached 116,450.

According to the analytical company, most of the placed objects are images.

In addition, NFT creation fees have increased significantly, with a daily rate of over $170,000.

The popularity of the Ordinals project has had a positive impact on the volume of commissions per block. Therefore, some increase in miners’ income can be expected.

The appearance of Ordinals at the end of January was made possible thanks to the Taproot soft fork. The project uses satoshi numbering (serialization) to write data to the “witness” part of a Bitcoin transaction.