Bitcoin NFT Protocol Ordinals Reaches Over $408 Million in Cumulative Fee Income

According to BlockBeats, data from Dune shows that as of March 5th, the cumulative fee income for Bitcoin NFT protocol Ordinals inscriptions has reached 6,267.05 BTC, which is approximately $408,487,599. The total number of inscriptions minted has now exceeded 6.1872 million. Ordinals is a Bitcoin-based NFT protocol that allows users to create and trade unique digital assets. These assets, known as inscriptions, are minted on the Bitcoin blockchain and can be bought, sold, and traded by users. The protocol has gained significant traction in recent months, with the total number of inscriptions minted surpassing 6 million. The growing popularity of NFTs has led to an increase in the cumulative fee income for Ordinals, with the total amount now exceeding $408 million. This demonstrates the potential for NFT protocols to generate substantial revenue, as well as the increasing interest in digital assets and their applications within the cryptocurrency space.