NFTs
Runestone NFTs: Pioneering the Multi-Chain Marketplace Scene | NFT CULTURE | NFT News | Web3 Culture
The rise of Runestone NFTs in the digital world The Runestone non-fungible token (NFT) collection is shaking up the multi-chain market, setting a new benchmark for digital art transactions. With a price range hovering between 0.047 and 0.048 bitcoin, approximately $3,163 based on current rates, these NFTs are not just digital assets but symbols of blockchain’s growing innovation.
Mastering sales across multiple platforms On March 17, 2024, Runestone NFTs took the top spot in sales on prominent platforms like Okx and Magic Eden. Particularly impressive on Magic Eden, the collection accumulated a trading volume of 173.1 BTC, translating to nearly $11.65 million. The Runestone phenomenon continues to grow with an impressive $31.8 million in transactions recorded since its debut.
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RUNESTONE JUST BECAME THE TOP COLLECTION IN BITCOIN AND THE THIRD LARGEST NFT COLLECTION IN THE WORLD BY MARKET CAPITAL AND AT THE FLOOR OF 0.069 BTC, WE HAVE OVERCOME BAYC AND MADE A STATEMENT SO LOUD THAT IT WILL BE HEARD THROUGHOUT THE WORLD FREE AND FAIR IS A MOVEMENT pic.twitter.com/q6X35V6SUA
– Leonidas (@LeonidasNFT) March 17, 2024
A closer look at market dynamics The Runestone collection, with around 112,400 pieces, has a market value of close to US$355 million, illustrating the immense financial traction of these digital artifacts. Created by Leonidas, a respected figure in the NFT domain and founder of Ord.io, the Runestone collection is a testament to the creative and financial potential of NFTs.
Strategic Distribution and Market Engagement These NFTs were initially distributed via airdrop to individuals holding Ordinals, with the requirement to hold at least three entries to qualify. This strategy has not only enriched the community but also fostered a diverse property ecosystem. Magic Eden reports that the collection has 91,300 distinct owners, with just 1.9% of NFTs being actively sold, indicating a strong sense of retention among collectors.
DR
Runestone NFTs have emerged as a powerhouse in the multi-chain market, with their value and trading volume increasing on major platforms like Okx and Magic Eden. Its strategic distribution and strong community of holders underline the collection’s robust market presence and potential for future growth.