Sticky Ordinals
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Ordinals hype may have died down in recent months, but that doesn't mean Bitcoin NFT holders have been hitting the exits.
Indeed, as Electric Capital's Ren shows in the tweet below, roughly $400 million worth of unspent BTC is sitting in wallets that have traded Bitcoin-based assets like Ordinals and Runes since early last year.
This dynamic suggests Bitcoin-native assets have not only onboarded a significant number of users to BTC but also kept them engaged long-term. It's a show of strength for the OG blockchain, a demonstration that it can maintain its user base even during quieter periods.
Of course, the stickiness around Ordinals also suggests that users are not only attracted to these new assets but are also confident in their long-term value and potential.
Personally, I'd agree, I do think various Bitcoin NFT collections like NodeMonkes, Bitcoin Puppets, and Pizza Ninjas could age well over time. That said, apparently more than a few people are currently sticking around to find out!
📰 General news
- Crowdmuse launched its beta platform for physical + digital product drops
- Optimism announced its Retro Funding 4 results
- Tensor is paying the most royalties among the biggest NFT marketplaces
🎨 Cryptoart & music
- Bold is releasing Boldinals, a collection of 100 Ordinals on Magic Eden next week
- Rhea Myers is releasing her latest series, 10K Drop, on July 24th in collaboration with Distributed Gallery
- Shape, a new L2 for creatives, launched its testnet
- Snowfro launched the Squiggle Farewell smart contract
- SuperRare has proposed creating its own Rare L2
- Travess Smalley released CRAWL via Feral File
- Zien is airdropping new membership passes
- Zora is distributing its $OP Retro Funding rewards to its community as is Sound
🏆 Digital collectibles
- Doodles published the trailer for its Dullsville and the Doodleverse series
- Saga Monkes announced Monke Made, a new content distribution channel on DRiP
🎮 Decentralized gaming
- Axie Infinity introduced its Premier Bounty Board
- Fren Pet released its assets to the public, leading to its first community-built game
- IKB launched its new NFL Bestball contest on Blast
- Kamigotchi rolled out 1,000 new testnet Kamis for minting
- Parallel is now available in the Epic Games Store
- Pokémon appears to have filed a patent for an NFT card game
- Treasure unveiled its Season 2 Summer Games
📱 Onchain social
- Bello introduced Blueprint, a 4-week accelerator to help creators go viral onchain
- Warpcast improved its search feature on its web client
🪙 NFTfi
- ApeCoin launched the ApeChain's Curtis testnet
- NFTfi.com kicked off its Earn Season 4
🌐 Virtual worlds
- Oncyber released its V2, which now offers an NFT worldbuilding engine
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