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Bitcoin-based non-fungible tokens (NFTs) in the form of Inscriptions are in the spotlight as the network halving event looms closer.
Data from CryptoSlam indicates that Bitcoin NFTs have dominated the market, representing 55% of total NFT trades observed over the past week.
While Bitcoin prices reject bear pressure, another historic shift is happening in the non-fungible tokens (NFTs) world. According to one analyst on X, Runestone, an NFT collection minted on Bitcoin, has recently gained popularity.
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Binance says that the decision was in line with a broader strategy that pursues a leaner set of product offerings.
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Crypto exchange Binance said its non-fungible token (NFT) marketplace will discontinue support for Bitcoin NFTs by April 18, per an April 4 statement.
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On Monday, the Bitcoin Ordinals project Taproot Wizards sold its Quantum Cats collection for $13 million. The NFT collection, comprised of 3,000 pieces, sold out quickly despite earlier technical glitches, even as more marketplaces come on board.
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