The Grayscale research team published an article exploring the potential of Bitcoin Ordinals NFTs

ChainCatcher news, the Grayscale research team recently published an article exploring the potential of the Bitcoin Ordinals NFT market, believing that Ordinals have a positive impact on the Bitcoin network in two key areas: increasing Bitcoin miner fees and potentially fostering a cultural transformation within the Bitcoin community.

"Ordinals are a new development that has emerged recently, but they have already accumulated over a million Ordinals in just four months, even during a bear market. Although Bitcoin is often described as a 'stagnant' blockchain, this unexpected surge in popularity may indicate a shift in the broader perception of Bitcoin.

While there are reasonable concerns, we believe that in the long run, Ordinals may have a positive impact on the Bitcoin network and can attract a new wave of enthusiastic users and developers to embrace the Bitcoin community." (source link)