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A few solutions are being discussed to fix a code bug found in the Bitcoin (BTC)-native Ordinals protocol which has prevented over 1,200 inscriptions from being validated.While nearly every member of the Ordinals community agrees that these inscription requests should be reincluded, the community is debating whether they should be
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The launchpad will allow Magic Eden to seamlessly onboard creators to the ecosystem and thus easily facilitate the creation of tokens on the Bitcoin network. On Thursday, April 6, NFT marketplace Magic Eden said that it would be rolling out the creators’ launchpad for Ordinals. Thus, it will help creators to
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“Bitcoin is the grandfather of all blockchains, and we believe it can be the home to pure digital artifacts,” said Yin. “With Ordinals, content can be preserved forever, and we're proud to be helping creators and the Ordinals community grow together." Source
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A new daily all-time high has been recorded for the number of Ordinals inscribed on the Bitcoin (BTC) network due to a recently launched “token standard” for the blockchain.Bitcoin Ordinals reached 58,179 inscriptions on April 2, smashing the previous all-time high of 31,692 on March 9 by 83.5%, according to Dune
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"Bitcoin Ordinals brought an entirely new layer of engagement to the Bitcoin network but, upon launch, the surrounding ecosystem missed key security components to ensure high-value Ordinals Inscriptions were safeguarded,” Chen Fang, BitGo's chief operations officer, told CoinDesk over email. Original Source
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As a result of the increased interest in digital collectibles sparked by replicas of a top NFT line, the total number of bitcoin ordinals has already surpassed 550,000. According to a study published by Dune Analytics, the total daily transaction costs for minting bitcoin ordinal inscriptions hit a new all-time high
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Magic Eden is not the first to ride the Ordinals NFT wave. ORDX and Generative, launched in February, are two of the first Ordinals NFT marketplaces. Non-fungible token (NFT) marketplace Magic Eden is set to launch a fully audited Bitcoin NFT marketplace. This comes as Bitcoin-based Ordinals NFTs become increasingly popular.
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“There's a lot of high-value items that are being inscribed or created on the bitcoin chain, and for a very, very burgeoning NFT ecosystem that it's, it's been super exciting to see,” Yin told CryptoX. “And at Magic Eden, we're working on a lot of cross-chain things anyway, and we
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Nonfungible token (NFT) marketplace Magic Eden has launched its own “fully audited” marketplace for Bitcoin Ordinals, leveraging the surging interest in “Bitcoin NFTs.” The newly launched marketplace allows Bitcoin (BTC) NFT traders to buy and sell Bitcoin Ordinal collections, giving users a similar experience it offers for Polygon, Ethereum, and Solana-based
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As is the case with NFT users from other chains, the average Bitcoin Ordinals collector to trade off security for convenience, and thus gravitate to option two: the worst option, and in my opinion, one we ought to actively discourage, as it undermines the central Bitcoin value of self-custody. Source
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