AI Evaluation Notes

By the end of 2024, the NFT market saw a significant rise in Bitcoin-based NFTs, particularly with Ordinals. Reports indicate that Bitcoin NFT sales volume experienced substantial growth and even dominated the market during late 2023 and early 2024, suggesting a strong issuance rate. Given the strong performance and increasing market share of Bitcoin NFTs, it is highly unlikely that the Ethereum to Bitcoin NFT issuance ratio reached 3:1 in favor of Ethereum; the trend was more towards Bitcoin gaining considerable ground in the NFT space.