Cryptocurrency Analysis and News Portal
A non-profit organization dedicated to growing the development of nonfungible tokens (NFTs) on Bitcoin (BTC) has been launched by the team behind the Bitcoin Ordinals protocol.The California-based nonprofit called the Open Ordinals Institute will bolster the Ordinals protocol by providing funding to the team’s core developers, which includes the project’s
Read More
“Companies across Web3 ecosystems – including Ethereum, Solana, Stacks, and others – are quickly building Ordinals infrastructure after previously believing NFT-functionality ‘wasn't possible’ on native Bitcoin,” said Redwin. “Given Ordinals' unprecedented pace of adoption and real-world implications for various crypto-economies, we believe it is crucial to fund a strong team
Read More
"With BRC69, we can reduce the costs of inscriptions for Ordinals collections by over 90%. This reduction is achieved through a 4-step process: (1) inscribe traits, (2) deploy collection, (3) compile collection, and (4) mint assets," Luminex said in a Tweet thread. Source
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Data from the Dune blockchain show crypto enthusiasts minted 350,000 Bitcoin Ordinals Inscriptions on July 8, the highest daily record since May 14. Despite the substantial increase in minting activity, the payment fee for these
Read More
The creation of nonfungible token inscriptions on the Bitcoin (BTC) blockchain has led to over $210 million of trading volume for Bitcoin Ordinals, according to the latest quarterly report from DappRadar.The data, which has been independently verified by Cryptox, shows that Bitcoin Ordinals' booming popularity led to a sharp increase in
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin Ordinals, often called bitcoin’s (BTC) version of NFTs, are experiencing a significant surge as a new token standard, BRC-69, was launched on July 3. The latest standard brings an innovative solution to reduce the time
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Despite trouble for blue-chip NFT Azuki Elemantals earlier this week, bitcoin ordinals are showing continued interest with a $1.8 million dollar sale early on June 30. Together, this equates to 191,597,695.00 in Uncate gorized Ordinals sales to
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Despite its relatively recent launch, Ethscriptions has shown tremendous acceptance, evoking parallels with Bitcoin’s Ordinals. The Ethereum (ETH) community, known for its unrelenting pursuit of experimentation and innovation, has a new brainchild—Ethscriptions. Ethscriptions is the latest protocol stirring
Read More
Ethereum users have been given another way to create nonfungible tokens (NFTs) and other digital assets on the blockchain with the launch of a new protocol.Launched on June 17 the protocol, dubbed “Ethscriptions,” is a nod to the Bitcoin (BTC) Ordinals protocol — where assets are known as “inscriptions.”Ethscriptions was
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Renowned code sculptor and Ordinals theorist Raph has announced the release of v0.6.0, a new update to the protocol that treats the “cursed inscriptions” and improves RPC credential management. These inscriptions address a critical challenge in protocol
Read More