The Bitcoin NFT market has always attracted much attention, and the latest amazing breakthrough has once again attracted widespread attention from both inside and outside the industry. The floor price broke through 4BTC, which was jaw-dropping and triggered heated discussions about the NFT market. At the same time, Ordinal Punks's OTC trading also ushered in new regulations, and trading participants need to fill in relevant forms by themselves. This move caused an uproar in the market. Let's take a deep look at this industry-shaking event and uncover the story behind it.

In the Bitcoin NFT market, the floor price has always been an important indicator of market heat and scarcity. When the NFT floor price broke through 4BTC, it undoubtedly injected a shot of adrenaline into the entire market. Investors have been talking about it. Some people think it is a symbol of market prosperity, and some people worry whether such a high rise will bring bubbles. However, it is undeniable that this breakthrough once again proves the potential and appeal of the NFT market.

Just like the new OTC trading rules of Ordinal Punks, changes in the market are always reminding us that we need to adapt and adjust continuously. Although the new regulation of self-filling forms has increased the cumbersomeness of transactions, it also provides better guarantees for the transparency and standardization of transactions. The forms that traders need to fill out involve transaction details, identity information, etc. This move aims to regulate market order, prevent potential risks, and lay the foundation for the long-term healthy development of the market.

Not only that, the continued popularity of the Bitcoin NFT market has also triggered investors to think more deeply about digital assets. With the continuous development of cryptocurrency and blockchain technology, NFT, as a form of digital assets, is gradually coming into people's view. Its unique identity authentication and irreplaceability make it show great application potential in art, games, music and other fields. Investors are beginning to think about how digital assets will change our lives and investment methods, and this breakthrough event will undoubtedly provide more inspiration for this thinking.

In this market full of variables and challenges, investors need to keep a clear mind and keen insight. Even if the market is turbulent, they must remain calm and treat every decision rationally. Only in the process of continuous learning and growth can we better seize opportunities, avoid risks, and realize the appreciation and preservation of wealth.

Finally, the Bitcoin NFT floor price broke through 4BTC, and the new rules for Ordinal Punks OTC transactions require self-filling forms. This series of events will undoubtedly push the development of the NFT market to a new height. In this dynamic and transformative market, every slight change may cause huge waves. Let us wait and see, and witness the brilliant future of the digital asset market together.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Coin Circle (120Btc.com) News: The NFT protocol "Ordinals" created by software engineer Casey Rodarmor on the Bitcoin mainnet was officially launched on January 21. It will allow users to create unique NFTs on Satoshi (SAT), the smallest unit of Bitcoin. In just a few days, it has set off a wave of enthusiasm, and the total minting volume has continuously broken new highs.

Note: The Ordinals protocol will be numbered according to the order in which SAT is mined, and supports attaching JPEG images, PDFs and audio and video content to SAT to create unique NFTs. This behavior is called "Inscriptions" and is called "Digital Artifacts" on the Bitcoin network.

Ordinals mints more than 30,000 NFTs

According to Dune Analytics data, the Ordinals protocol has minted more than 30,000 NFTs since its launch, and it is growing exponentially. Even today (8), the number of mints reached 12,102.

It is worth mentioning that among the minted coins today, 10,000 of them are from Bitcoin Punks. According to the official website, Bitcoin Punks is the first project to successfully upload the original Ethereum CryptoPunks to the Bitcoin blockchain using Ordinals, and all the minting was completed in less than a day.

Daily minting of Ordinals protocol NFT

In addition, the cost of inscriptions on the Bitcoin network has continued to rise. As of press time, the Ordinals protocol has accounted for 12% of the total transaction fees of the Bitcoin network and 0.3% of the block rewards, causing the worst Bitcoin transaction block congestion since the bankruptcy of FTX.

Ordinal Punks floor price breaks through 2BTC

Not only is the current minting phenomenon unprecedented, but secondary transactions are also crazy about it. According to NFTNow Twitter, the floor price of the Ordinal Punks series NFT has risen to 4.2BTC, about $95,000. Among them, the well-known NFT collector dingaling bought 7 Ordinal Punks for 15.2BTC.

Bitcoin NFT OTC trading is prevalent

It should be noted that unlike Ethereum, where NFT has a mature secondary trading market, the Bitcoin mainnet has no trading market or minting page. Everything can only be done over-the-counter (OTC), and the project's sales model is mostly "paying creators > creators putting NFTs on the chain > manually distributing NFTs to buyers".

Crypto KOL Hypemoon also shared on Twitter that the current Ordinal NFT transactions are conducted through Google Forms, where bids are placed on the form for the NFTs that you want to buy.

Not only that, Ordinals hasn't even had time to release a lightweight wallet application. If you want to put NFTs on the chain or transfer NFTs to other addresses, you must install the Bitcoin Core Wallet and use the full functionality of Ordinals through code instructions.

Ordinal NFT OTC Trading Form