Move over, Bored Apes! A new player has entered the NFT ring, and it’s shaking things up!
NodeMonkes Take the Crown:
- This collection of 10,000 8-bit monkey NFTs has surpassed the famed Bored Ape Yacht Club in market capitalization (total value).
- NodeMonkes boast a whopping $490 million market cap, compared to Bored Ape’s $483 million (as of now!).
Bitcoin vs. Ethereum?:
- While Ethereum NFTs still hold the lead, the gap is narrowing! This battle highlights the evolving NFT landscape.
What are NodeMonkes?
- Launched in December, these pixelated primates are part of the Bitcoin Ordinals craze – unique digital assets inscribed directly onto the Bitcoin blockchain.
Bitcoin Ordinals on Fire:
- The Ordinals trend is surging, with NodeMonkes #2769 fetching a cool $1.08 million!
- Over the past week, Ordinals projects have even surpassed Ethereum NFTs in total trading volume!
Runestone Rises:
- Another Ordinals project, Runestone, saw a massive jump following an airdrop (free token distribution).
- This excitement likely stems from the upcoming launch of the Rune token protocol by the creator of Ordinals.
Bored Ape Creators Join the Fray:
- Yuga Labs, the minds behind Bored Ape Yacht Club, have entered the Ordinals arena with their “TwelveFold” collection.
The Future of NFTs?
The rise of Bitcoin Ordinals is a game-changer, potentially challenging Ethereum’s dominance in the NFT space. This signifies a shift in digital asset ownership and opens doors for exciting new possibilities!
