Bitcoin is gaining ground in the NFT sector, with sales of bitcoin-backed NFTs generating around $173.28 million in the last 30 days. This has propelled the Bitcoin blockchain to second place in the list of top blockchains for NFTs, with Ethereum still leading the way. Bitcoin's energy-intensive proof-of-work blockchain supports the emerging category of NFTs called Ordinals, with recent collections like Space Peps, Bitcoin Frogs, and $NALS NFTs generating millions of dollars in revenue. Despite Bitcoin's success in the NFT market, Ethereum remains the dominant player, with Ethereum-based NFT sales generating a whopping $392 million in the last 30 days.
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Bitcoin Emerges as a Strong Competitor to Ethereum in NFT Market with $173 Million in Sales
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