1/ BitcoinFrogs is a Bitcoin-based NFT project that uses the Ordinals protocol to create 10,000 unique frog collectibles on the Bitcoin blockchain. Each frog has different attributes and characteristics, such as color, eyes, hats, clothing, etc.
Bitcoin Frogs is said to be minted using Lightning Network technology.
2/ Bitcoin Frogs will be launched at the end of February 2023, when each frog will be sold for 0.01 Bitcoin (about $300). In the past few months, the project has received increasing attention and support, especially among the Bitcoin community and Pepe enthusiasts.
3/ In the past 24 hours, Bitcoin Frogs surpassed the most popular NFT project on Ethereum, Bored Apes Yacht Club (BAYC), becoming the most traded NFT series in the entire blockchain.
According to CryptoSlam, Bitcoin Frogs generated over $2.2 million in trading volume across 656 transactions, a daily increase of over 139.17%.
4/ The floor price of Bitcoin Frogs has also risen accordingly. The current minimum selling price of each frog is 0.12 Bitcoin (about US$3,200), which is a 12-fold increase compared to the issue price.
The most expensive frog is currently sold for 1.5 bitcoins (about $40,000).
The data is still changing.
5/ There are several reasons why Bitcoin Frogs has been able to achieve such amazing results.
1) First of all, it is an NFT project based on Bitcoin, which itself has strong appeal and scarcity.
Bitcoin is the most secure, decentralized, and immutable blockchain, and the Ordinals protocol allows users to embed data and references to digital art on the Bitcoin blockchain.
2) Secondly, it is a Pepe-themed NFT project, which is also a cultural and emotional resonance.
Pepe is a popular internet emoticon that represents freedom, defiance, humor and creativity.
Pepe also has a deep history and influence in the cryptocurrency space.
3) Finally, it is a high-quality and interesting NFT project that not only has exquisite and diverse frog designs, but also has rich and active community activities.
For example, Bitcoin Frogs hosts weekly contests and sweepstakes that give holders a chance to win more frogs or other prizes.
It also has a dedicated Discord channel for holders to interact and communicate.
6/ In short, Bitcoin Frogs is an NFT project worthy of attention and investment, which demonstrates the potential and charm of NFT on the Bitcoin blockchain.
Bitcoin Frogs also created a new way for NFT enthusiasts to play: rare satoshis.
That is to say, the rarity of each NFT is not only related to its basic attributes, such as appearance, color, background, clothing, etc., but also to the rarity of the inscription corresponding to the NFT.
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