Ordinals Flip Ethereum NFTs & Broke Bitcoin Again
Where Ordinals 24 hour volume for the first time surpassed Ethereum NFTs, transaction cost saw an all-time high.
Building on Bitcoin broke Bitcoin again… Where Ordinals flipped Ethereum NFT 24 hour sales for the first time, transaction costs for Bitcoin peaked at over $4 dollars per transaction. Building an economy on just the Bitcoin L1 alone is not a realistic idea. If Bitcoin builders want to activate the Bitcoin economy, Bitcoin layers are essential. Let’s dive into this weeks building on Bitcoin!
Bitcoin trends as the by Bitcoin Magazine proclaimed number one chain in NFT sales.
Ordinals, a BRC-20 token collection minted on the Bitcoin blockchain, have surged by 40.8% in the past 24 hours to $10.19 after listing on crypto exchange Binance.
Jagdeep Sidhu highlights his thoughts on BIP-300, a proposal aiming to expand the utility of Bitcoin with Bitcoin sidechains.
Bitcoin Frontier Fund Managing Partner Trevor Owens goes into the bitcoin L2 Trilemma, with an Open Network, Full VM / Global State, and No New token being the 3 sides of the triangle.
Institutions Love Bitcoin
With the latest addition of Bitcoin to its balance sheet, MicroStrategy now holds approximately 0.75% of Bitcoin's circulating supply.
Microstrategy also reports to be “in the black” with Bitcoin, now at one Billion dollar profit.
Caitlin Long’s Custodia Bank launches Bitcoin custody platform.
📢 Builders Watch: Rootstock, as EVM-compatible sidechain, calls for Solidity developers to apply for the $2.5m Grants program.
Wallby’s Bitcoin and Rootstock wallet is available in beta on iOS.
🎨 Artists Watch: Ordinals marketplace Gamma shares open Artist call to apply for their week-long art show during Art Basel Miami.
DeFi protocol ALEX shares huge milestones, including BRC20 bridge upgrade, Bridge Proof of Reserve, B20 Market summary and more.
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