A Galaxy report on the subject says the market size of NFTs built on Bitcoin could reach $4.5 billion over the next two years.
about the subject and assessed that it is possible that Bitcoin NFTs “built on inscriptions [and] Ordinals” could reach $4.5 billion by 2025.
Galaxy researchers highlight that the ecosystem is still very young but note that “infrastructure is emerging quickly.” One of the key building blocks for the technology will be wallets, according to Galaxy’s paper on the inscription subject. Moreover, the study delves into the various collections minted in recent times, such as Taproot Wizards, Bitcoin Punks, and Ord Rocks.
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