NFT Sales Volume Drops by 10%
The sales volume of non-fungible tokens (NFTs) has seen a decline of 10% in the past 24 hours, reaching $31,192,652, according to CryptoSlam. The number of NFT buyers has decreased by 9%, while sellers have dropped by 5%. Additionally, transactions have also experienced a 5% decrease.
AINN BRC-20 NFTs and Uncategorized Ordinals See Increase
Among the top ten collections based on sales volume, AINN BRC-20 NFTs have shown the highest increase in the past day with a spike of 224% to $613,159. Following closely is Uncategorized Ordinals with a 76% surge to $1.83 million. On the other hand, LIGO BRC-20 NFTs have experienced the largest drop of 45% to $565,295. Despite a decrease of 13%, Froganas remains at the top spot with a sales volume of $1.84 million.
Bitcoin Ordinals Predicted to Have Significant Impact in 2024
According to OKX Ventures’ ‘2024 Bitcoin Outlook’ report, Bitcoin Ordinals are expected to play a pivotal role this year. The forecast is based on the remarkable growth of OKX Wallet’s total Ordinals trading volume in 2023, which exceeded $1 billion across over 120,322 unique addresses. The report predicts an upward trend in the adoption of different asset issuance standards in 2024.
OKX Integrates Four New Inscription Standards
OKX has announced its integration of four new inscription token standards into its platform. Atomicals (ARC-20), Stamps (SRC-20), Runes, and Dogecoin’s Doginals (DRC-20) will be added to OKX Wallet and Marketplace. The integration will occur in stages, starting with SRC-20 on February 5. The addition of ARC-20, DRC-20, and Rune Alpha is planned for late February. OKX Wallet’s inscriptions tool currently supports inscriptions minting on 23 networks.
Consensus x Fahad Karim NFTs Offer 3-Year Pro Pass Ticket
Microcosms, a 1,000-piece NFT collection by Consensus and artist Fahad Karim, has been released. Each piece of art serves as a ticket to the Consensus conference for three years and comes with a rewards system valued up to $19,000. The mint started on January 31 and each piece is available for 1 ETH.
Hot Take: Bitcoin Ordinals Set to Influence NFT Market in 2024
The ‘2024 Bitcoin Outlook’ report by OKX Ventures suggests that Bitcoin Ordinals will have a significant impact on the NFT market this year. With the growth of OKX Wallet’s trading volume and the adoption of different asset issuance standards, the report predicts an upward trend in the use of Bitcoin Ordinals. This indicates potential opportunities for investors and collectors alike. Additionally, OKX’s integration of new inscription standards reflects their commitment to providing a diverse range of options for users. As the NFT market continues to evolve, it will be interesting to see how these developments shape its future.
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