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Bitcoin has seen around $167.47 million in NFT sales over the past 30 days, while StepN has integrated Apple Pay to remove barriers to entry to the app. Bitcoin, the next biggest NFT network? With nonfungible tokens (NFTs) still causing a stir among the Bitcoin community, the network has rapidly become the second-largest NFT chain, according to data from CryptoSlam. Looking at the 24-hour, seven-day and 30-day metrics, CryptoSlam data indicates Bitcoin has hosted the second -largest amount of NFT sales volume across the market. Over the past 30 days, Bitcoin has seen a whopping $167.47 million worth of NFT sales on secondary markets, though it’s still far behind the $395.95 million posted on Ethereum during that same period. Notably, Bitcoin is now well ahead of its nearest competition, including Solana and Mythos Chain, which have only seen $55.8 million and $35.4 million worth of sales over the past 30 days, respectively. 30-day NFT sales volume by blockchain. Source: CryptoSlam In...

Galaxy’s estimation was based on the rapid uptick of interest in Bitcoin NFTs, currency market infrastructure, and the potential to take some market-share away from Ethereum. In a “base case” scenario, Galaxy Digital's research unit has tipped the burgeoning Bitcoin nonfungible token (NFT) market to hit a $4.5 billion market cap by March 2025. Bitcoin NFTs, or Ordinals, have attracted a significant amount of attention since the Ordinals protocol launched in late January, enabling users to inscribe data such as images, PDFs video and audio onto individual satoshis, or sats that each represent 0.00000001 Bitcoin (BTC). NFT giants such as Yuga Labs have even jumped in on the hype. On Feb. 28, the $4 billion firm behind the Bored Ape Yacht Club announced a Bitcoin-based NFT project dubbed “TwelveFold,” marking a notable form of recognition of the Ordinals movement. In a new report published on March. 3, Galaxy researchers analyzed the potential growth of Bitcoin NFTs and made esti...