What are Ordinals?
Web3 has been abuzz with a new trend that is taking the crypto world by storm - Bitcoin NFTs or Ordinals. As you may know, Bitcoin is the world's first decentralized digital currency, and the smallest denomination of Bitcoin is known as a satoshi or a Sat. One BTC is equal to 100,000,0000 sats. However, with the advent of the Ordinals Protocol, users can now add optional extra data to sats, including text, JPEGs, audio, or videos, in a process known as inscription.
Since the launch of the Ordinals Protocol on January 21, nearly 170,000 inscribed satoshis have been minted, creating a whole new category of Bitcoin NFTs or Ordinals. These digital artefacts are similar to traditional NFTs, which are unique digital assets that are stored on a blockchain, making them tamper-proof and verifiable. However, instead of being stored on Ethereum or other blockchain platforms, Ordinals are stored on the Bitcoin blockchain.
What makes Ordinals possible is the "witness section" of Bitcoin transactions that was introduced after the Taproot soft fork in 2021. This is where the JPEGs, audio files or videos are inscribed into the individual sats, allowing users to create unique and verifiable digital assets that are stored on the Bitcoin blockchain.
One of the most exciting things about Bitcoin NFTs or Ordinals is their potential for use cases beyond art and collectibles. For example, they can be used for proof of ownership, authentication, and verification of digital assets such as software, music, and videos. Additionally, they can be used to create decentralized marketplaces for trading digital assets, bypassing the need for intermediaries and reducing transaction costs.
Some of the most popular Bitcoin NFT collections include Ordinal Punks and Ordinal Penguins, which are Bitcoin offshoots of popular NFT collections. These collections are already selling for significant amounts on various marketplaces, and as the trend catches on, we can expect to see more unique and creative Ordinals being created. Thus the reason why we are bridging some of our bear to Bitcoin.
Ordinals are a new and exciting trend in the world of crypto, made possible by recent updates to the Bitcoin blockchain. They offer unique opportunities for creating and trading verifiable digital assets, and their potential use cases go far beyond art and collectibles. As the craze continues, we can expect to see more innovation and creativity in the world of Bitcoin Ordinals.
As the world of Bitcoin Ordinals continues to expand and grow, it's becoming increasingly important to keep up with the latest trends. That's why we've decided to take the leap and bridge our first 100 NFTs from our vault and have them become a part of history.
We're thrilled to announce that we've established a collection with gamma.io and we'll be launching our first BTC sell on ordwap.io. Our first ordinal sale has already made history, and we couldn't be more excited to expand our reach to all markets.
If you're interested in becoming a part of history, you can now purchase any of the NFTs we have in our OpenSea collection. These NFTs will be bridged over to ordinals, and you'll get to keep the NFT for its utility, but the metadata will change to show that you own the ordinal. This is an incredible opportunity to own a piece of crypto history and become a part of the growing world of Bitcoin NFTs.
So why wait? Join us on this exciting journey and be a part of the revolution. Get your hands on one of our NFTs today and become a part of the ever-evolving world of crypto