Franklin Templeton Embraces Bitcoin NFTs, Citing Bitcoin Ordinals’ Innovation

bitcoin ordinals
Table of Contents


  • Franklin Templeton highlights the positive impact of Bitcoin Ordinals on BTC innovation.
  • The firm acknowledges other factors contributing to innovation in BTC, such as new fungible token standards and the development of DeFi on the BTC blockchain.
  • Beyond optimism, Franklin Templeton warns investors about associated risks, including the possibility of value loss and the lack of banking guarantee.

Franklin Templeton’s digital assets division, a dedicated investment management firm, has just released a note for its investors, emphasizing the growing innovation driven by Bitcoin Ordinals. These are non-fungible tokens (NFTs) based on the Bitcoin blockchain that have been making waves in the crypto industry for some time now.

According to Franklin Templeton, Bitcoin Ordinals are fueling a “renaissance in activity” in Bitcoin, attracting investor attention. The firm points out that the protocol has generated significant growth in innovation within BTC, unleashing an increase in activity and interest in the leading cryptocurrency.

In addition to Bitcoin Ordinals, the firm also acknowledges other factors contributing to the resurgence in BTC. This includes the development of new fungible token standards, such as BRC-20 and Runes, as well as the emergence of layer-2 networks based on BTC and decentralized finance (DeFi) primitives on the BTC blockchain.

There has also been exponential growth in Bitcoin-based NFTs. Franklin Templeton highlighted the surge in Ordinals trading volume in recent months, propelling greater BTC involvement in the overall NFT ecosystem. Collections such as NodeMonkes, Runestone, Bitcoin Puppets, Ordinal Maxi Biz, and Bitmap are emerging as leaders in terms of trading volume and market capitalization in the NFT sector.

bitcoin ordinals

Franklin Templeton Warns About Bitcoin Ordinals’ Risks

However, far from the optimistic trend, Franklin Templeton also warns investors about inherent risks. According to the firm, Ordinals may lose value and are not insured by the Federal Deposit Insurance Corporation (FDIC). Additionally, the asset manager reminds investors that all investments carry risks, especially in the case of digital assets.

The wave of enthusiasm generated by Ordinals is catalyzing innovation in BTC to unprecedented levels. Despite associated risks, the firm recognizes the potential of these assets to continue generating a positive impact on the crypto ecosystem in the future. We will closely follow this trend to analyze its impact and how long it may endure.


Follow us on Social Networks

Crypto Tutorials

Crypto Reviews