Ordinals Software Enables NFTs and Memecoins on Bitcoin Blockchain, Causing Seismic Shift for Miners

05/21 23:25

New software called Ordinals has facilitated the arrival of NFTs and meme tokens on the Bitcoin blockchain, with the Bitcoin NFT ecosystem predicted to be worth $4.5bn by 2025. This has led to a surge in transactions and fees for miners, who have been aided by the Ordinals protocol's seismic shift in the Bitcoin mining landscape.

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