Tags: eBay

After shutting down in 2020 due to financial issues and poor user growth, the decentralized marketplace appears set to rise again.

Real Vision CEO Raoul Pal likened NFTs from popular collections like CryptoPunks and BAYC to luxury houses and cars.

The creator contract beta release has been tested by users, with 84 contracts deployed and 250 NFTs minted so far.

Users are posting massive files to the Bitcoin network via the Ordinals protocol, taking up block space and paying high fees to do so.