The digital asset landscape is witnessing a significant shift with Bitcoin Ordinals, a system for storing data directly on Bitcoin's blockchain, outperforming Ethereum (ETH) and Solana (SOL) NFTs in trading volumes. This surge in popularity, dubbed 'Ordinals season', is attributed to the ease of transacting and the perceived higher value storage on the Bitcoin chain. Enthusiasts and investors are bullish on the potential of Ordinals, predicting it could lead to a new NFT bull run, possibly outpacing ETH NFTs, which were once considered the premium option in the NFT market. Despite the excitement, there are varied opinions on the impact this shift will have on the Ethereum ecosystem, with some believing it could benefit by attracting Bitcoin maximalists into the NFT space. Ordinals are described as 'absolutely mooning', with predictions that they will 'pump to Valhalla' and lead the NFT bull run, bringing even more value storage to the Bitcoin chain.
ETH nft bros watching Ordinals melt faces https://t.co/WsapSoqWj4
All NFTs on Ethereum will gradually be abandoned. NFTs on BTC are starting to officially flourish. Cruel but true. Fk it!
"The NFTs of #Bitcoin" Ordinals have continued to grow in popularity, with data and art being inscribed on-chain. More on how they work ⤵️ https://t.co/1dxBs0UhDd