Activity Is Beginning to Accelerate in the Bitcoin NFT Space: Franklin Templeton
Bitcoin Ordinal collections are beginning to dominate the NFT market, the report said.
24H Price
The SPACE ID price is $0.82300119, a change of -1.87% over the past 24 hours as of 9:58 a.m. The recent price action in SPACE ID left the tokens market capitalization at $354.31M. So far this year, SPACE IDhas a change of 168.92%. SPACE ID is classified as a Computing under CoinDesks Digital Asset Classification Standard (DACS).
Bitcoin Ordinal collections are beginning to dominate the NFT market, the report said.
Since the approval of spot bitcoin ETFs in January, DeFi looks ascendant, triggering memories of 2020, aka DeFi Summer, when the space bustled with activity.
The tokenization of real-world assets – or placing traditional assets onto blockchain rails – is a growing trend in crypto with global financial giants entering the space.
Allowing in-kind creations and redemptions for spot bitcoin ETFs in Hong Kong could bring a significant amount of money into the space from Chinese investors.
Bitcoin (BTC) is trading above the $66,000 level after the halving took place late last Friday Read more...
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