Summary
TLDR: Franklin Templeton’s digital assets division highlights the rise of Bitcoin Ordinals in a new prospectus, noting increased innovation and development in the Bitcoin NFT space. The firm mentions the surge in trading volume and market cap of Ordinals relative to NFTs on other networks, and their interest in investing in Ordinals infrastructure startups. Franklin Templeton also filed a proposal for a spot Ethereum ETF with the SEC. The Ordinals community and NFT enthusiasts are excited about the potential of Ordinals and new developments like the Rune protocol.
Key Points
1. Bitcoin Ordinals have seen a surge in trading volume over the past several months, surpassing ETH in trading volume starting in December of 2023.
2. Franklin Templeton Digital Assets has been investing in Ordinals infrastructure startups and has showcased the rise of Ordinal inscriptions in a new prospectus.
3. Runestone, a new NFT collection, became the third largest by market cap across all blockchains just three weeks after its launch, showing the rapid growth and interest in Bitcoin Ordinals.