The post Bitcoin Inscriptions Reach 38 Million! appeared first on Coinpedia Fintech News

Bitcoin’s foray into the world of non-fungible tokens (NFTs) is gaining momentum, with NFTScan reporting that close to 38 million inscriptions have been minted on the blockchain. These inscriptions have generated over 2,400 BTC in transaction fees, with 672,000 wallets currently holding inscription assets. In the last seven days, the BRC-20 SATS has emerged as the most popular NFT on the Bitcoin network, with transaction volumes crossing $32 million and overtaking popular NFTs like CryptoPunks and Bored Ape Yacht Club. This trend highlights the growing interest in NFTs as a new asset class and Bitcoin’s capabilities as a versatile blockchain platform.

The post Bitcoin Inscriptions Reach 38 Million! appeared first on Coinpedia Fintech News

Bitcoin’s foray into the world of non-fungible tokens (NFTs) is gaining momentum, with NFTScan reporting that close to 38 million inscriptions have been minted on the blockchain. These inscriptions have generated over 2,400 BTC in transaction fees, with 672,000 wallets currently holding inscription assets. In the last seven days, the BRC-20 SATS has emerged as the most popular NFT on the Bitcoin network, with transaction volumes crossing $32 million and overtaking popular NFTs like CryptoPunks and Bored Ape Yacht Club. This trend highlights the growing interest in NFTs as a new asset class and Bitcoin’s capabilities as a versatile blockchain platform.