‘Bitcoin Frogs’ Become Most Traded NFT Amid Bitcoin Ordinals Hype
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Bitcoin Frogs, the newly-launched non-fungible token (NFT) original after frogs, has turn into the most-traded collection up to now 24 hours, surpassing even outstanding collections, reminiscent of Bored Apes.
Bitcoin Frogs, which launched in late February on Bitcoin Ordinals, reached buying and selling quantity of over $2.2 million, information from CryptoSlam present. The gathering describes itself as “10,000 unique frog collectibles minted directly on the Bitcoin Blockchain.”
On the time of writing, every NFT was promoting for 0.12 bitcoin (BTC), or over $3,200. Consumers and sellers are paying buying and selling charges starting from $50 to over $1,200 as of Thursday.
Bitcoin Frog’s buying and selling volumes was unfold throughout 627 particular person transactions, the info present. As compared, Bored Apes recorded simply over 11 transactions at a considerably greater value of over $83,000 per NFT.
NFTs issued straight on Bitcoin have gained prominence after the launch of the Ordinals Protocol earlier this 12 months. The Ordinals Protocol permits customers to embed information onto the Bitcoin blockchain by inscribing references to digital artwork into small bitcoin-based transactions – with the so-called Ordinals “inscriptions” surpassing the three million mark earlier this month.
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