ETF issuer Franklin Templeton recognized Bitcoin Ordinals as a driving force behind the “renaissance” of activities in the Bitcoin network.
While the asset manager explained the potential of Ordinals, it also noted that they could lose value and are not insured.
The asset manager also recognized that activities within the Bitcoin NFT space are accelerating. Franklin Templeton pointed out the increase in dominance for Bitcoin within the entire NFT ecosystem. The company wrote: Furthermore, the asset manager highlighted several Bitcoin Ordinals collections starting to “dominate” the NFT space in trading volume and market capitalization. This included NodeMonkes, Runestone, Bitcoin Puppets, Ordinal Maxi Biz and Bitmap.While the asset manager seemed optimistic about Ordinals, it also highlighted in the note that these assets may lose value and have no bank guarantee.
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