Bitcoin's Native NFTs "Ordinals" Poised to Surpass Ethereum in NFT Market

According to data from Crypto Slam, Bitcoin's native non-fungible tokens (NFTs) known as "Ordinals" are on the verge of overtaking Ethereum in the NFT market. Despite Ethereum's current lead with over $24 million in NFT sales, Ordinals have seen a 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.

Ordinals are unique digital assets inscribed on a satoshi, the smallest unit of Bitcoin, and their creation was facilitated by the Taproot upgrade launched on the Bitcoin network in November 2021.

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