According to data platform CryptoSlam, NFTs on Bitcoin have grossed about $167 million in the past thirty days, creeping up on Ethereum’s number one position.
Today’s debates over non-monetary uses of Bitcoin like ordinals and BRC-20 tokens echo the battle between Big and Small Blockers between 2015 and 2017. This article, by Daniel Kuhn, is part of our “CoinDesk Turns 10” series.
The creation of Bitcoin based meme coins using the new BRC 20 standard has driven up Bitcoin fees as they use more data than a basic Bitcoin transaction But while some developers in the Bitcoin community are proposing a filter to block Bitcoin NFT projects such censorship could run counter to Bitcoin's open source characteristics [...]