The remarkable sale of Bitcoin 'Inscription 2,' which went for $14 million, has established a new record for Ordinals.

The Bitcoin (BTC) artwork known as 'Inscription 2' was purchased for 24.48 BTC, translating to about $14 million. According to NFT specialists, this sale marks a historic peak in the trading of Bitcoin Ordinals. Leonidas Featuring a vibrant animation of a dancing parrot, 'Inscription 2' was crafted at the close of 2022.

These digital inscriptions function like NFTs within the Bitcoin ecosystem, utilizing satoshis, the smallest unit in the Bitcoin network. Every satoshi is tagged with a unique serial number that reflects its sequence in the mining process.

Bitcoin Ordinals Ordinals can encapsulate a variety of digital formats, ranging from text and images to videos, contributing to a diverse array of content while facilitating the network's growth. Inscriptions Since the introduction of Ordinals on the Bitcoin mainnet last year, a vibrant community—comprising users, developers, and enthusiasts—has minted over 200,000 Ordinal NFTs, reflecting their enthusiasm for this frontier of native Bitcoin NFTs.

At present, a significant 94% of these inscriptions are mainly textual, while the remaining 6% includes various media types like images, 3D models, applications, videos, and more. community Cumulative revenue from Bitcoin Ordinals transactions surpasses $300 million

Recently, Bitcoin Ordinals achieved a collective fee revenue milestone, crossing the $300 million mark for the very first time. With over 60,258,105 transactions processed, this translated to around 6,131.78 Bitcoin in cumulative fees, equating to approximately $306.5 million, as indicated by Dune Analytics.

The surge in interest surrounding Bitcoin Ordinals correlates with rising Bitcoin prices, which have recently been buoyed by an uptick in investor interest in Bitcoin ETFs, along with excitement building for the Bitcoin halving event set for April 18, 2024.

The rapid ascent of Bitcoin Ordinals underscores their growing relevance and allure in the crypto landscape, particularly in the realm of native Bitcoin NFTs. exceeded Please be advised that the information presented here is not intended as legal, tax, investment, financial, or any other professional advice. It is crucial to invest only what you can afford to lose and to seek independent financial guidance if you have uncertainties. For additional information, we recommend reviewing the terms and conditions along with the support resources provided by the issuer or advertiser. MetaversePost strives for accurate and fair reporting, but be aware that market conditions can fluctuate without notice.

Alisa is a committed journalist at Cryptocurrencylistings, with a focus on cryptocurrency, zero-knowledge proofs, investments, and the broad domain of Web3. She has a talent for identifying emerging trends and technologies, delivering thorough coverage that engages readers in the dynamic landscape of digital finance. positive trend Blum commemorates its first anniversary by winning the 'Best GameFi App' and 'Best Trading App' awards at the Blockchain Forum 2025.

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