Crypto-focused investment firm Galaxy Digital has claimed that the NFT market on the Bitcoin (BTC) blockchain could reach a market cap of $10 billion by 2025.
Galaxy Digital, in its research report published on March 3, Ethereum NFT of the market to the size and in the last few years to the growth rate based on ordinals protocol Bitcoin NFT on the future of the market in predictions found. The company evaluated three different scenarios in its analysis.
Galaxy Digital, Bitcoin NFT of the market 2025 until the year 4.5 billion Stating that it can reach a market value of $ 10 billion, he said that in case of a “bull scenario”, it can rise up to $ 10 billion.
Ordinals And NFTs Stating that there is a significant difference between come to the fore And growing rapidly in the use of He said it would be correct to say.
Ordinals’ potential has yet to be not fully revealed more in the future wide use market value along with that you will endure In the report where it is stated, Bitcoin is used only in the NFT field. of the culture scope of significant expansion mentioned as having potential.
In the report, Ordinals profile photos, memes and core service areas In the base scenario, if the NFT ecosystem can expand to mainstream usage areas, such as 4.5 billion It was stated that it could achieve a market value of $.
In addition to the usage areas in the base scenario, the company real world assets, wider art adoption and in service areas your use spread If it is, the bull scenario will be realized and the Ordinals market will fall. 10 billion dollars He claimed he could reach it.
Also, the usage area to be limited and adequate improvement over time not showing in case of 1.5 billion A $ market cap was among Galaxy Digital’s Ordinals predictions.
On the other hand, NFT project Bored Ape Yatch Club’s (BAYC) developer Yuga Labs is launching the next NFT collection Bitcoin blockchain announced that it would be implemented.