Bitcoin NFTs, layer-2 and restaking hype ‘completely gone’

Bitcoin narratives like NFTs, layer-2s, and re-staking are fading, with experts citing decreased hype and focus shifting to sustainable growth.

A Bitcoin layer-2 executive explained how Bitcoin narratives that were “overhyped” have now wholly vanished while the ecosystem develops. 

In a Cointelegraph interview, Bitlayer co-founder Charlie Hu laid out three Bitcoin narratives that he believed were overhyped. This included narratives that surrounded Ordinals, layer-2s and re-staking. 

According to Hu, one of the overhyped narratives in Bitcoin was non-fungible tokens (NFTs). The executive told Cointelegraph that while inscriptions may have gone “to the moon,” Hu said the era is “completely gone.” 

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