Summary
TLDR: Demand for NFTs is rising, with Magic Eden becoming the top marketplace with a focus on Bitcoin Ordinals trading. The marketplace has seen significant growth and success, with a surge in trading volume and the support of unique digital assets. The momentum may continue due to the buzz around Bitcoin and the upcoming NFT token drop from the Non-Fungible DAO.
Key Points
1. Demand for NFTs has been growing, with a recent $16 million sale of a CryptoPunk highlighting this trend.
2. Magic Eden is now the top NFT marketplace by trading volume, surpassing other platforms like OpenSea and Tensor.
3. Magic Eden’s success can be credited to its support for Bitcoin Ordinals, which have become increasingly popular in the NFT space.