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Bitcoin Ordinals Daily Inscriptions Surge
By Ruchi Sharma
NFT verse show discusses news from across the globe. In this episode, we bring you interesting updates on some of your favorite projects and grapevine that you definitely dont want to miss.
We will also be joined by special guest on the show for expert view, but first lets take a look at How the nft market performed in the first quarter of 2023.
According to a report by DappRadar, the NFT market has had an impressive start to the year. In fact, Q1 2023 turned out to be the best quarter since Q2 2022. While NFT trading volume noted a slight decline of 15.65% in March as a result of turbulent market conditions, the overall performance remained bullish.
Polygon had a remarkable start to the year as well, with trading volume surpassing $29 million in March, despite a 24.20% decrease from the previous month. Furthermore, gauging quarterly data, the layer 2 scaling solution had a trading volume of $85 million in Q1 2023, meaning a 125.04% increase from the previous quarter, making it one of the best three-month periods recorded since Q4 2021.
Bitcoin Ordinals reached 58,179 inscriptions on April 2, smashing the previous all-time high of 31,692 on March 9 by 83.5%, according to Dune Analytics data.
The surge is believed to be driven by the recent creation of “Bitcoin Request for Comment” (BRC-20) tokens on the Ordinals protocol by a pseudonymous on-chain analyst named Domo in early March.
Former India captain MS Dhoni was gifted a digital collectible of his iconic 2011 World Cup final winning six on the 12th anniversary of India’s triumph on April 2, 2023 by ICC’s digital partner FanCraze.
Wakweli, a Web3 infrastructure protocol that issues certificates of authenticity for nonfungible tokens (NFT), has officially partnered with layer-2 scaling platform Polygon to make NFT authentication possible.
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