Source: CoinGeckoRunestone’s daring experiments
The Runestone NFT Collection is making waves by sending out $210 million worth of NFTs to Ordinals holders, requiring them to have at least three inscriptions to qualify.
Far from ordinary artwork, Runestones have historical significance, with an impressive file size of 3,967,899 bytes (or 3,967 MB) and a historical inclusion in Bitcoin block 832,947.
Aiming to redefine the standard NFT framework, the collection deviates from traditional approaches such as farming, pre-sales and paid promotions.
Instead, it supports the adoption of open-source algorithms, community-driven projects, fair airdrops, and rewards for initial supporters.
The ordinal effect
Runestone’s impact on the entire Bitcoin Ordinals ecosystem is undeniable, with trading on Magic Eden BTC showing its influence.
For now, NodeMonkes trails Runestone with a notable floor price of $52,400 (0.77 BTC) per item, reaching a market cap of approximately $524.3 million (7,700 BTC) – a 45.2% increase from last day.
Ordinal Maxi Biz (OMB) follows and attracts attention with its floor price of $32,700 (0.48 BTC) and a market valuation of almost $170.9 million (2,500 BTC). It has seen a significant daily increase of 67.1%.
The Bitcoin Puppets collection, with each item costing $17,500 (0.257 BTC), now has a total market cap of approximately $175 million (2,600 BTC). In one day there was an increase of 62.1%.
Finally, RSIC METAPROTOCOL offers an entry price of $5,200 (0.077 BTC) per item, reaching a market cap of $110.1 million (1,600 BTC), a recent increase of 37.6%.
Runestone’s meteoric rise highlights its innovative impact and potential not only on the Bitcoin Ordinals landscape, but also on the broader NFT world.
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