Franklin Templeton, a big monetary companies agency that manages about $1.5 trillion in belongings, believes that Bitcoin is present process a “renaissance” of innovation pushed by ordinal numbers and different new developments in Bitcoin.
Earlier article: US$1.5 trillion asset supervisor Franklin Templeton says serial numbers drive ‘constructive momentum’ #bitcoin Innovation.
The company is right here🙌 pic.twitter.com/3lSDwNwE5Q— Bitcoin Journal (@BitcoinMagazine) April 4, 2024
Lately, Franklin Templeton has turn out to be one of many first giant establishments to undertake Bitcoin. The corporate launched the Franklin Bitcoin ETF (EZBC) in January amid a wave of SEC approvals, after submitting for a spot BTC ETF final yr.
A current report from Franklin Templeton Digital Belongings continues this openness to Bitcoin, which highlights the potential for Bitcoin-based NFTs (known as Ordinals), new fungible tokens, and Layer 2 protocols. rise.
Franklin Templeton mentioned on Twitter that these new tasks primarily drive the constructive momentum of Bitcoin innovation. Transaction quantity information exhibits ordinal numbers equivalent to NodeMonkes and Runestone surpassing Ethereum NFTs.
This proves that Bitcoin has benefits over different blockchains and that its safety, decentralization and enormous consumer base give it an edge in mainstream adoption, the report mentioned.
Along with NFTs, technical requirements equivalent to BRC-20 and Runes are increasing the performance of Bitcoin. The Wall Avenue agency mentioned these developments are launching a brand new part of development and maturity as Layer 2 expands.
Franklin Templeton’s bullish view displays broader institutional enthusiasm for Bitcoin and its capabilities, with main gamers equivalent to BlackRock embracing Bitcoin whereas brazenly discussing “tokenized” belongings.
