NEWSLETTER
Runestone's Bold Experimentation
The Runestone nft collection is making waves by releasing $210 million worth of NFTs to Ordinals holders, requiring them to have at least three sign-ups to qualify.
Far from being ordinary illustrations, the Rune Stones have historical significance, with an impressive file size of 3,967,899 bytes (or 3,967 MB) and a historic inclusion in bitcoin block 832,947.
Aiming to redefine the standard nft framework, the collection moves away from traditional approaches such as farming, pre-sales, and paid promotions.
Rather, it supports the adoption of open source algorithms, community-driven projects, equitable airdrops, and rewards for early supporters.
The ordinal effect
Runestone's impact on the entire bitcoin Ordinals ecosystem is undeniable, and trading on Magic Eden btc shows its influence.
For now, NodeMonkes trails Runestone with an astonishing price floor of $52,400 (0.77 btc) per item, achieving a market capitalization of approximately $524.3 million (7,700 btc), an increase of 45.2% from the previous last day.
Ordinal Maxi Biz (OMB) follows, attracting attention with its minimum price of $32,700 (0.48 btc) and a market valuation close to $170.9 million (2,500 btc). It has experienced a significant daily increase of 67.1%.
The bitcoin Puppets collection, each item priced at $17,500 (0.257 btc), now has a total market capitalization of approximately $175 million (2,600 btc). In a single day, there was a 62.1% rally.
Finally, RSIC METAPROTOCOL offers an entry price of $5,200 (0.077 btc) per item, reaching a market capitalization of $110.1 million (1,600 btc), a recent increase of 37.6%.
Runestone's rapid rise highlights its innovative impact and potential not only in the bitcoin Ordinals landscape but also in the nft world at large.
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*All financial/investment opinions expressed by nft Plazas come from the personal research and experience of our site moderators and are intended to be educational material only. People should thoroughly research any product before making any type of investment.
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