As the prices of virtual assets, including Bitcoin, soar every day, the trading volume of non-fungible tokens (NFTs) is also increasing.
According to The Block on the 4th (local time), the total NFT transaction volume increased by more than 35% over the past week.
On the 3rd, the trading volume of Bitcoin (BTC) Ordinals reached $51 million (6,791,160 won), the highest since December of last year. Ordinals is a technology that appeared in January last year and creates a Bitcoin NFT by attaching data to 1 satoshi, the minimum unit of BTC. You can engrave text, images, videos, etc. into one satoshi.
NodeMonks, a Bitcoin-derived NFT product, was traded at 0.875 BTC ($59,707, approximately 79.5 million won), up about 25% on Magic Eden, an NFT marketplace.
Milady Maker, an Ethereum (ETH)-based NFT project, saw sales increase by about 240% and trading volume increase by 186% in one day. Remilio Baby followed suit, being traded at the lowest price of 1.47 ETH ($5,355, approximately 7,135,000 won) on the NFT marketplace Blur.
However, Fuzzy Penguin, a blue chip Ethereum NFT, saw its lowest price fall by nearly 24% over the past week.
- Reporter Ma Joo-young
- majuyeong@decenter.kr
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