ordinals Archives | NFT CULTURE https://www.nftculture.com/tag/ordinals/ NFT News, Web3 Artists, NFT Collectors, NFT Marketplaces and more Tue, 06 Feb 2024 11:38:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 https://d34jlxpwrja7q9.cloudfront.net/wp-content/uploads/2022/01/cropped-EmpressRegnant_1080_PNG-32x32.png ordinals Archives | NFT CULTURE https://www.nftculture.com/tag/ordinals/ 32 32 The Magic Behind Taproot Wizards’ $13M Triumph with Quantum Cats https://www.nftculture.com/nft-projects/the-magic-behind-taproot-wizards-13m-triumph-with-quantum-cats/ Tue, 06 Feb 2024 11:38:20 +0000 https://www.nftculture.com/?p=18890

A Revolutionary Sale in the NFT World In an extraordinary display of innovation and market demand, Taproot Wizards, a project leveraging Bitcoin’s Ordinals protocol, has made a staggering $13 million from their first collection, “Quantum Cats,” without the typical pillars of a blockbuster sale. This event marks a significant milestone […]

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A Revolutionary Sale in the NFT World

In an extraordinary display of innovation and market demand, Taproot Wizards, a project leveraging Bitcoin’s Ordinals protocol, has made a staggering $13 million from their first collection, “Quantum Cats,” without the typical pillars of a blockbuster sale. This event marks a significant milestone in the evolution of NFTs and the broader digital art market, showcasing a shift towards a new era where art, technology, and finance converge in unprecedented ways.

The Quantum Leap for NFTs on Bitcoin

Bitcoin’s Ordinals project, Taproot Wizards, successfully sold all 3,000 of its “Quantum Cats” digital images, fetching a price of 0.1 BTC ($4,265) each. This sale not only highlights the growing interest in NFT-like collectibles on Bitcoin but also the resilience and enthusiasm of the community, even in the face of technical setbacks that delayed the minting process.

The Ordinals Inscriptions: A New Frontier

The Ordinals protocol, introduced by Casey Rodarmor in early 2023, has opened up the Bitcoin blockchain to NFTs through “inscriptions.” This innovation allows for the minting and storage of NFTs directly on the Bitcoin blockchain, sparking a wave of excitement and debate within the community. While some worry about potential network congestion and increased fees, others see this as a revitalization of Bitcoin’s development and usage.

The Significance of Taproot Wizards’ Success

The success of Taproot Wizards’ “Quantum Cats” sale is not just a testament to the project’s appeal but also to the broader potential of NFTs on Bitcoin. It demonstrates a significant shift in how digital art and collectibles are perceived, valued, and traded. The project’s ability to generate such substantial revenue without traditional marketing or the involvement of renowned artists underscores the power of community and technological innovation in the digital age.

Looking Ahead: The Future of NFTs and Bitcoin

As the Bitcoin blockchain becomes a new venue for NFTs, the implications for artists, collectors, and investors are vast. The success of Taproot Wizards and the Quantum Cats collection could herald a new wave of creative and financial opportunities, pushing the boundaries of what’s possible in the realm of digital art and blockchain technology.

TL;DR

Taproot Wizards’ “Quantum Cats” sale raked in $13 million, selling all 3,000 NFT-like collectibles on the Bitcoin blockchain despite significant technical hurdles. This marks a pivotal moment for NFTs on Bitcoin, showcasing the immense potential of the Ordinals protocol and inscriptions. The event signals a shift towards innovative digital art sales, emphasizing the power of community, technology, and direct blockchain interactions.

 

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2024: The Year of Alternative Layer 1s Rising in the NFT Realm – SOL, Tezos, and SEI Lead the Charge https://www.nftculture.com/nft-news/2024-the-year-of-alternative-layer-1s-rising-in-the-nft-realm-sol-tezos-and-sei-lead-the-charge/ Tue, 02 Jan 2024 15:31:42 +0000 https://www.nftculture.com/?p=18745

The Dawn of a New Era in NFTs: Exploring the Rise of Alternative Layer 1s As we venture into 2024, the NFT landscape is undergoing a seismic shift, with alternative Layer 1 blockchains like Solana (SOL), Tezos, and SEI emerging as significant players. This shift marks a pivotal moment in […]

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The Dawn of a New Era in NFTs: Exploring the Rise of Alternative Layer 1s

As we venture into 2024, the NFT landscape is undergoing a seismic shift, with alternative Layer 1 blockchains like Solana (SOL), Tezos, and SEI emerging as significant players. This shift marks a pivotal moment in the evolution of the NFT ecosystem, diversifying the platforms on which digital art and collectibles thrive.

1. Diversification Beyond Ethereum: A Breath of Fresh Air for NFTs

Historically, Ethereum has been the dominant force in the NFT space. However, alternative Layer 1s like SOL, Tezos, and SEI offer fresh opportunities. Their unique features, such as lower transaction fees and faster processing times, make them attractive to artists and collectors seeking new avenues for NFT creation and trade.

2. Niche Communities and Innovative Use-Cases

These alternative blockchains are carving out niche communities and fostering innovative use-cases. For instance, Tezos has become a hub for eco-conscious artists due to its energy-efficient design, while SEI’s high throughput is appealing for high-frequency trading NFTs.

3. Enhanced Scalability and Performance

Scalability remains a key concern in the NFT space. Alternative Layer 1s address this issue head-on, offering superior scalability and performance compared to older blockchains. This feature is crucial as the NFT market expands and requires more efficient infrastructure.

4. Tailored Solutions for Diverse Needs

Each of these alternative Layer 1s brings tailored solutions to the table. Solana, known for its lightning-fast speeds, is ideal for projects that require quick transactions. Tezos, on the other hand, appeals to those prioritizing eco-friendliness.

5. Growing Ecosystems and Partnerships

The expanding ecosystems and partnerships surrounding these blockchains are a testament to their growing influence. Collaborations with artists, brands, and tech companies are broadening the scope and appeal of NFTs on these platforms.

BTC’s Entry into NFTs: Ordinals and Inscriptions

2024 also witnesses a groundbreaking development in the NFT space with Bitcoin (BTC) introducing ordinals and inscriptions. This new concept involves directly inscribing digital assets onto individual satoshis, the smallest unit of Bitcoin, adding a fresh dimension to the NFT market.

The Significance of Bitcoin’s Ordinals

Bitcoin’s foray into the NFT world is notable for several reasons. Firstly, it leverages the robust security and widespread recognition of the Bitcoin network. Secondly, ordinals introduce a unique way of tokenizing assets, differing from traditional NFT standards. This innovation could attract a new wave of collectors and creators, eager to explore the possibilities within the Bitcoin ecosystem.

Implications for the NFT Landscape

The introduction of Bitcoin ordinals and inscriptions is poised to enrich the NFT landscape. It not only expands the range of blockchain options for NFTs but also brings the credibility and stability of Bitcoin to the forefront of digital art and collectibles.

The Unstoppable Rise of Layer 2s: Ethereum’s Counter

While alternative Layer 1s and Bitcoin’s new venture are making waves, Ethereum’s Layer 2 solutions, particularly Arbitrum, are not to be overlooked, especially in the gaming sector. Arbitrum is poised to extend its lead in 2024, offering a blend of Ethereum’s security with enhanced scalability and lower fees, making it ideal for NFT-based games.

Conclusion: A Balanced NFT Future

2024 promises to be a landmark year for NFTs, with both alternative Layer 1s, Bitcoin’s innovative ordinals, and Ethereum’s Layer 2 solutions like Arbitrum playing critical roles. This balanced growth ensures a vibrant, diverse, and technologically advanced NFT ecosystem.

TLDR: 2024 marks the rise of alternative Layer 1 blockchains like Solana, Tezos, and SEI in the NFT space, alongside Bitcoin’s introduction of ordinals and inscriptions, offering diversification, niche communities, scalability, and tailored solutions. Ethereum’s Layer 2 solutions, especially Arbitrum, continue to be pivotal, particularly in NFT gaming. The year promises a balanced and thriving NFT ecosystem.

 

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Bitcoin NFTs Gain Momentum with the BRC-721E Token Standard https://www.nftculture.com/nft-news/bitcoin-nfts-gain-momentum-with-the-brc-721e-token-standard/ Thu, 01 Jun 2023 11:52:58 +0000 https://www.nftculture.com/?p=17236

Bitcoin has just made a significant stride in the world of non-fungible tokens (NFTs) with the introduction of the BRC-721E token standard. This new development, created by Ordinals.market and Xverse Bitcoin Wallet, is set to revolutionize the NFT landscape and further establish Bitcoin’s presence in the market. Let’s explore what […]

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Bitcoin has just made a significant stride in the world of non-fungible tokens (NFTs) with the introduction of the BRC-721E token standard. This new development, created by Ordinals.market and Xverse Bitcoin Wallet, is set to revolutionize the NFT landscape and further establish Bitcoin’s presence in the market. Let’s explore what this means for the world of NFTs and how it simplifies the process for NFT collectors to migrate to the Bitcoin network.

The BRC-721E Token Standard

The BRC-721E token standard is a groundbreaking protocol that enables Ethereum-based ERC-721 projects to seamlessly transition to the Bitcoin network. The process involves sending the ERC-721 token to a burn address, followed by inscribing the NFT onto the Bitcoin network. Once the bridging is complete, the NFT and its corresponding metadata become visible on the ordinals.market website.

Simplifying NFT Migration to Bitcoin

Previously, migrating NFTs to Bitcoin posed challenges for collectors due to the steep learning curve involved. However, with the BRC-721E token standard, this process has been greatly simplified. Users can now effortlessly transfer their digital assets from Ethereum to Bitcoin, opening up new opportunities for NFT collectors.

Popularity of Ordinals and the Bitcoin NFT Market

Bitcoin NFTs, particularly Ordinals, have gained significant popularity within the NFT community. Since its introduction in January 2023, over 10 million Ordinals have been inscribed. Such high volume transactions initially strained the Bitcoin network, causing congestion and delays in processing transactions. At one point, over 500,000 transactions were left pending confirmation, leading to speculation about a potential network attack.

While the weekly inscriptions have witnessed an 83% decline in recent weeks compared to the first half of May, the introduction of the BRC-721E token standard is expected to reinvigorate the Bitcoin NFT market. As the onboarding process becomes easier and more streamlined, it is likely that more collectors will be enticed to explore Bitcoin NFTs. Projects like Taproot Wizards are already emerging as early favorites among Bitcoin NFT enthusiasts.

With the advent of the BRC-721E token standard, Bitcoin NFTs have taken a major leap forward. This development not only facilitates the migration of ERC-721 projects to the Bitcoin network but also signifies Bitcoin’s growing presence in the NFT market. As the process becomes more user-friendly, we can expect an influx of collectors embracing Bitcoin NFTs, driving innovation and growth in this exciting space.

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Bitcoin Emerges as Second-Largest NFT Blockchain, Challenging Ethereum’s Dominance https://www.nftculture.com/nft-news/bitcoin-emerges-as-second-largest-nft-blockchain-challenging-ethereums-dominance/ Fri, 26 May 2023 13:48:21 +0000 https://www.nftculture.com/?p=17178

The year 2023 is shaping up to be a defining moment for Bitcoin Ordinals, as the world’s first blockchain solidifies its position in the NFT market. While Ethereum has long held the top spot in terms of market capitalization, Bitcoin is now steadily climbing the ranks, vying to become the […]

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The year 2023 is shaping up to be a defining moment for Bitcoin Ordinals, as the world’s first blockchain solidifies its position in the NFT market. While Ethereum has long held the top spot in terms of market capitalization, Bitcoin is now steadily climbing the ranks, vying to become the leading NFT blockchain. In fact, it has already secured the second position, demonstrating a rapid rise in popularity.

Bitcoin’s NFT Sales Surge

Bitcoin has made significant strides in the NFT space, as reported by the NFT industry data aggregator CryptoSlam. It has not only secured a spot among the top ten all-time NFT blockchains by sales volume but has also witnessed a remarkable surge in revenue over the past month. During this period, Bitcoin’s NFT sales volume surpassed that of its competitors, including Solana, with an impressive $169 million. Although Ethereum still holds the top spot with around $393 million, Bitcoin’s ascent is undeniable.

Bitcoin’s success in the NFT market is not solely attributed to uncategorized Ordinals. Various organized collection efforts have found success on the blockchain, notably Space Pepes and Bitcoin Frogs. These collections alone generated substantial sales volumes of $12 million and $9.6 million, respectively, in the past 30 days. Major brands and historical projects have also found a home on the Bitcoin blockchain, solidifying its position among the top NFT sales leaders.

Challenging Ethereum’s Dominance

While Ethereum’s position as the leading NFT blockchain is formidable, Bitcoin is gradually closing the gap. Ethereum has processed a staggering $390 million worth of on-chain NFT transactions in the last 30 days, while Bitcoin is approaching half that figure. This remarkable progress is a testament to the explosive popularity of Ordinals, which have transformed Bitcoin into a hub for art, movies, collectibles, tickets, and even video games.

Understanding Bitcoin Ordinals and Inscriptions

Bitcoin’s Ordinals protocol, developed by Casey Rodamor, assigns serial numbers to individual satoshis, the smallest unit of bitcoin. These serial numbers, similar to speciality serial numbers on dollar bills, have driven tremendous transaction fees to miners. Ordinals have become so influential that NFT traders have co-opted the term, referring to NFTs inscribed on a satoshi as “ordinals” or “inscriptions.” Additionally, Bitcoin’s BRC-20 standard enables the creation of tokens attached to Ordinals, opening up possibilities for DeFi, tokenization, and experimentation directly on Bitcoin.

Will the Bitcoin Boom continue?

While Bitcoin’s ascent in the NFT market is impressive, surpassing Ethereum will require significant trading activity. Ethereum’s 38 million NFT transactions since inception dwarf Bitcoin’s 320,000. However, with the growing popularity of Ordinals, the number of Bitcoin NFTs continues to spike month after month. The concept of a “flippening,” where Bitcoin overtakes Ethereum as the leading NFT blockchain, might not be as far-fetched as it seems.

Bitcoin is emerging as a powerful contender in the NFT market, challenging Ethereum’s dominance. With its Ordinals gaining traction and a diverse range of collections finding success on the blockchain, Bitcoin has become the second-largest NFT blockchain. While Ethereum remains the frontrunner, the rapid rise of Bitcoin in NFT sales volume and its innovative use of Ordinals and inscriptions highlight its potential to reshape the NFT landscape. The future holds exciting possibilities for Bitcoin as it continues to make waves in the NFT space.

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The Asprey Bugatti Egg Collection: A Timeless Homage to Luxury and Artistry on the Bitcoin Blockchain https://www.nftculture.com/btc-nfts/the-asprey-bugatti-egg-collection-a-timeless-homage-to-luxury-and-artistry-on-the-bitcoin-blockchain/ Tue, 04 Apr 2023 12:29:48 +0000 https://www.nftculture.com/?p=16398

Asprey and Bugatti have teamed up to create a limited-edition collection of precious objet eggs called the Asprey Bugatti Egg Collection. The Royale Edition is the latest addition to this collection, and it features timeless creations of the Bugatti family with Asprey’s heritage and craftsmanship. The egg was a beloved […]

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Asprey and Bugatti have teamed up to create a limited-edition collection of precious objet eggs called the Asprey Bugatti Egg Collection. The Royale Edition is the latest addition to this collection, and it features timeless creations of the Bugatti family with Asprey’s heritage and craftsmanship.

The egg was a beloved shape for Carlo Bugatti, Ettore Bugatti’s father, who once said, “The purest perfect shape of nature is the egg.” These words inspired the partnership between Bugatti and Asprey that began in early 2022, allowing the luxury brands to work in both the physical and digital realm.

The Asprey Bugatti Egg Collection will be produced both as physical objets and NFT generative artwork. It will be the first-ever collection by two luxury brands to use a state-of-the-art technique of inscribing digital content on the Bitcoin blockchain, ensuring the artwork will last indefinitely.

The Royale Edition of the Asprey Bugatti Egg Collection echoes not only Carlo’s musings, but also Bugatti’s distinctive horseshoe grille, which was designed by Ettore in honor of his father’s love of flowing curved shapes, like the egg.

The eggshell of the Royale Edition is made from carbon fiber and intricately crafted into the perfect egg shape during a long and complex process completely free from disproportion or imperfection. It’s encased within a sterling silver diamond weave lattice, gently angled downwards to a curved base portraying movement and echoing Asprey’s heritage in jewelry as well as the ornate furniture designs of Carlo Bugatti and the art nouveau, an era significant to both brands.

The surface of the egg itself displays a “Dancing Elephant” motif, recreated in perfect detail from one of Rembrandt Bugatti’s original sculptures. The sculpture was then recreated in minute detail by Asprey’s expert silversmiths.

The intricate lattice and carbon fiber shell open with a complex hinged Asprey diamond door to reveal a scene of the Chateau Saint Jean – the iconic home of Bugatti in Molsheim – in front of which is a sterling silver stylized Bugatti Type 41 Royale Esders, removable should the owner wish.

“We are proud to present the Asprey Bugatti Egg Collection, not only does this push the boundaries on a production level, but the generative art – coded by our strategic partner and Bitcoin experts Metagood – using the equation of the egg shape of the actual sculpture as an NFT in Bitcoin is a new form of expression and art itself. The NFT and the sculpture are linked by this equation.” – Ali Walker, Artist and Chief Creative Officer at Asprey Studio

The collection will coincide with the opening of Asprey Studio Gallery in Mayfair in April 2023. To order or inquire, please visit www.aspreybugatti.com.

The Asprey Bugatti Egg Collection is a wonderful homage to the history of Bugatti and the creations of Ettore. The partnership between Asprey and Bugatti has resulted in an exquisite and timeless collection that is sure to delight collectors and enthusiasts alike.

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Bitcoin MAXI’s Silent at Yuga Explores Ordinals https://www.nftculture.com/nft-news/btc-maxis-silent-at-yuga-explores-ordinals/ Tue, 28 Feb 2023 20:12:11 +0000 https://www.nftculture.com/?p=15803

In a recent tweet, Bitcoin educator and developer Udi Wertheimer criticized several prominent figures in the Bitcoin community for their lack of response to a new project announcement by a multibillion-dollar company. Wertheimer goes on to suggest that these individuals are waiting for someone else to take the fall before […]

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In a recent tweet, Bitcoin educator and developer Udi Wertheimer criticized several prominent figures in the Bitcoin community for their lack of response to a new project announcement by a multibillion-dollar company.

Wertheimer goes on to suggest that these individuals are waiting for someone else to take the fall before publicly supporting the project. While some users came to the defense of those mentioned, pointing out that many are likely working on similar projects behind the scenes, others agreed with Wertheimer’s sentiment.

“MULTIBILLION DOLLAR COMPANY ANNOUNCES BITCOIN ORDINAL PROJECT. bitcoin magazine: 0 tweets. saylor: 0 tweets. maxi podcasters: 0 tweets. what a bunch of clowns lmao I CANNOT.”

The situation raises questions about the relationship between the Bitcoin community and larger corporations, particularly those that have traditionally been viewed as outside of the cryptocurrency space. It also highlights the potential risks associated with public endorsement, particularly in a rapidly changing industry like cryptocurrency.

While it is unclear what the multibillion-dollar company in question is, or what their Bitcoin ordinal project entails, it is clear that there is some hesitation among certain prominent figures in the Bitcoin community to publicly endorse the project.

It is worth noting that the Bitcoin community has historically been wary of corporate involvement in the space, with some seeing it as antithetical to the decentralized ethos of the cryptocurrency. However, as Bitcoin and other cryptocurrencies have grown in popularity, more and more companies have expressed interest in exploring the technology.

As the industry continues to evolve, it will be interesting to see how the relationship between large corporations and the Bitcoin community develops. Will more companies be welcomed into the fold, or will the community continue to prioritize decentralization and independence above all else? Only time will tell.

you can read the entire thread here 👇

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Twelvefold: Yuga Labs Embraces BTC NFTs https://www.nftculture.com/nft-news/twelvefold-yuga-labs-embraces-btc-nfts/ Tue, 28 Feb 2023 12:48:08 +0000 https://www.nftculture.com/?p=15779

An experimental 300-piece collection from Yuga Labs on the Bitcoin blockchain Exciting news for the world of Bitcoin Ordinals! Yuga Labs, a leading experimental art studio, has announced its entry into the Bitcoin Ordinal movement by launching a new generative art collection called TwelveFold. The collection, which will consist of […]

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An experimental 300-piece collection from Yuga Labs on the Bitcoin blockchain

Exciting news for the world of Bitcoin Ordinals! Yuga Labs, a leading experimental art studio, has announced its entry into the Bitcoin Ordinal movement by launching a new generative art collection called TwelveFold. The collection, which will consist of only 300 pieces, will be inscribed onto satoshis and will live on the Bitcoin blockchain.

TwelveFold is a base 12 art system localized around a 12×12 grid, serving as a visual allegory for the cartography of data on the Bitcoin blockchain. The collection includes highly-rendered 3D elements and hand-drawn features that pay homage to the ordinal inscriptions currently done by hand.

We will be announcing more details about timing and the auction mechanics in the coming week. Good luck to all of the bidders—we’re looking forward to sharing this collection with the world.

The Ordinals movement has gained a lot of attention in recent weeks, with collections like OnChainMonkey, DeGods, and Sappy Seals pushing boundaries and making a leap onto the Bitcoin blockchain. Yuga Labs’ involvement in the Ordinals movement may single-handedly mark that Bitcoin NFTs are here to stay.

While the infrastructure and tooling around inscriptions on Bitcoin are still nascent, much of the foundational principles such as provenance, self-custody, and ownership are already present. Yuga Labs expects the technology and the ecosystem around it to evolve and become more sophisticated over time, but not in the same ways other blockchain NFT ecosystems have.

Yuga Labs will be announcing more details about timing and the auction mechanics in the coming week, and we can’t wait to see what the future holds for digital artifacts on the Bitcoin blockchain. This announcement is an optimistic sign of the growth and potential of Bitcoin Ordinals, and we are excited to see what other innovative collections will emerge in the future. Stay tuned!

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Bitcoin NFTs Stacks or Ordinals? https://www.nftculture.com/nft-news/bitcoin-nfts-stacks-or-ordinals/ Fri, 24 Feb 2023 14:01:11 +0000 https://www.nftculture.com/?p=15714

Bitcoin was created in 2009 as a decentralized, peer-to-peer digital currency that operates on a public ledger called the blockchain. Over the years, the Bitcoin network has evolved to include various layers and protocols that allow for additional functionality and features beyond simple payments. One of these protocols is the […]

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Bitcoin was created in 2009 as a decentralized, peer-to-peer digital currency that operates on a public ledger called the blockchain. Over the years, the Bitcoin network has evolved to include various layers and protocols that allow for additional functionality and features beyond simple payments. One of these protocols is the ability to create non-fungible tokens (NFTs) on the Bitcoin blockchain.

NFTs are unique digital assets that can represent anything from art to collectibles to in-game items. They are “non-fungible” because each token is unique and cannot be exchanged for another token of equal value, unlike fungible tokens like Bitcoin itself. NFTs have become increasingly popular in recent years, with many high-profile sales of digital art and collectibles.

The first NFT standard on the Bitcoin blockchain was called Colored Coins, which was created in 2012. Colored Coins allowed users to attach additional information to Bitcoin transactions, essentially creating a new type of asset that could be traded on the blockchain. However, Colored Coins never gained widespread adoption and was eventually supplanted by other NFT protocols.

One of the most promising NFT protocols on the Bitcoin blockchain today is Ordinals. Ordinals is a simple and elegant protocol that allows users to “inscribe” up to 3.9 MB of data on the Bitcoin blockchain without the use of smart contracts. These inscriptions can represent anything from art to music to text. Because the inscriptions are directly on the Bitcoin blockchain, they are highly secure and tamper-resistant. Ordinals are fully backed by Bitcoin’s hash power and decentralization, making them permanent and as permanent as anything ever known. They can be exchanged like Bitcoin and used as proof of ownership for digital assets.

Stacks vs. Ordinals?

Stacks and Ordinals are two different protocols that utilize the Bitcoin blockchain, each with their unique set of features and use cases.

Stacks is a layer on top of the Bitcoin blockchain that allows developers to build Ethereum-style smart contracts that read, write, and secure data on Bitcoin. It is similar to a sidechain in that it has its own ledger and virtual machine, but it also has properties of a layer-two scaling solution because it inherits security (finality) from Bitcoin L1. Stacks enables developers to create a range of decentralized applications (dApps) that can interact with Bitcoin in a secure and trustless manner. However, Bitcoin itself cannot verify Stacks transactions, so Stacks requires a separate consensus mechanism to secure its ledger.

On the other hand, Ordinals is a protocol on Bitcoin L1 that allows users to “inscribe” data up to 3.9 MB on the Bitcoin blockchain without the use of smart contracts. Ordinals are essentially non-fungible tokens (NFTs) that are fully backed by Bitcoin’s hash power and decentralization. They are permanent and can be exchanged like Bitcoin. Because they are inscribed directly on the Bitcoin blockchain, they are highly secure and tamper-resistant.

In summary, while Stacks and Ordinals both use the Bitcoin blockchain, they have different characteristics and use cases. Stacks allows developers to build complex dApps that can interact with Bitcoin, while Ordinals provide a simple and elegant way to inscribe data on the Bitcoin blockchain without the use of smart contracts. Both protocols have their unique advantages and are being developed by a community of builders who are committed to advancing the Bitcoin ecosystem.

Friend of NFT Culture TO also has a great thread that inspired this post.

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Emblem Vault: Bitcoin NFTs made easy https://www.nftculture.com/nft-news/emblem-vault-bitcoin-nfts-made-easy/ Sun, 12 Feb 2023 14:13:18 +0000 https://www.nftculture.com/?p=15440

The creation of Emblem Vault in 2020 has opened up a world of possibilities for Bitcoin NFTs, making it easier to trade and build a strong digital portfolio. In this article, we will explore the benefits of using Emblem Vault and why it is set to revolutionize the world of […]

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The creation of Emblem Vault in 2020 has opened up a world of possibilities for Bitcoin NFTs, making it easier to trade and build a strong digital portfolio. In this article, we will explore the benefits of using Emblem Vault and why it is set to revolutionize the world of NFTs.

First, let’s understand what Emblem Vault is. It is a tokenized multi-asset wallet on the Ethereum blockchain that allows you to trade portfolios of NFTs and cryptocurrencies, including assets from different chains, as a single token. The vault is created as a unique ERC-721 token, and each vault contains a series of blockchain addresses generated from a single secret phrase. This means that you can store various digital assets in each address and only the person with the secret phrase can send assets to other wallets.

Benefits of Emblem Vault for BTC NFTs

One of the key benefits of Emblem Vault is the ability to create a value-backed digital vault. This means you can store one or more digital assets, along with some cryptocurrency, in a single vault, making it easier to manage your digital assets. This is especially useful for individuals who want to keep their digital assets safe and secure.

Another benefit of Emblem Vault is the ability to create tradeable portfolios. This allows you to combine multiple assets into a single token, making it easier to trade and manage your portfolio. For example, you can create a portfolio that contains 50% ETH, 40% Bitcoin, and 10% LINK, and trade all these assets as a single ERC-721 NFT. This simplifies the process of managing your digital assets and makes it easier to keep track of your investments.

Emblem Vault also enables you to create portable liquidity pools. This means you can create a vault with multiple pooled tokens to make transferable liquidity pools, as well as transparent funds. You can do this because Emblem Vault enables you to create a vault that is held by a community or other trusted third parties. This can be especially useful for individuals or organizations looking to pool their resources and invest in digital assets together.

In addition, Emblem Vault works by wrapping digital assets to make them modern ERC-721 NFTs, which can be traded on popular NFT marketplaces like OpenSea. This means that you can buy and sell assets that predate the ERC-721 standard, such as Rare Pepe’s. This opens up a world of possibilities for those looking to invest in NFTs and allows you to trade assets that were previously difficult to buy and sell.

Furthermore, Emblem Vault is user-friendly and easy to use. To create your own vault, simply go to Emblem.Finance, select Create, connect the wallet you would like to use, and then add a name and description. You can also buy and sell Emblem Vault NFTs on popular platforms such as OpenSea, LooksRare, and their official website.

Emblem Vault is set to revolutionize the world of NFTs by making it easier to trade and manage digital assets. With its ability to create value-backed digital vaults, tradeable portfolios, and portable liquidity pools, it offers a range of benefits to individuals and organizations looking to invest in digital assets. Its user-friendly interface and the ability to wrap digital assets to make them tradable on popular NFT marketplaces make it a game-changer in the world of NFTs. If you’re looking to invest in NFTs, it’s definitely worth considering Emblem Vault.

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Justin Aversano is coming to BTC with “Colin in the car” https://www.nftculture.com/nft-news/justin-aversano-is-coming-to-btc-with-colin-in-the-car/ Sat, 11 Feb 2023 13:32:24 +0000 https://www.nftculture.com/?p=15422

Get ready, art lovers! Justin Aversano is taking the crypto world by storm with his latest photography NFT collection, “Colin in the Car.” This highly anticipated drop is set to take place on the Bitcoin network tomorrow and is sure to turn heads. Bitcoin NFTs have been all the rage […]

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Get ready, art lovers! Justin Aversano is taking the crypto world by storm with his latest photography NFT collection, “Colin in the Car.” This highly anticipated drop is set to take place on the Bitcoin network tomorrow and is sure to turn heads.

Bitcoin NFTs have been all the rage lately, with Ordinals leading the charge and a number of Ethereum-based projects hinting at crossovers to the Bitcoin network. Justin Aversano is ahead of the game, set to be one of the first prominent artists to drop a collection on the Bitcoin network with “Colin in the Car.”

This collection marks a major milestone in the world of NFTs and photography. “Colin in the Car” will be the first established photography project on the Bitcoin network and a tribute to Aversano’s early days as a street photographer. With only 250 mints available, the collection is expected to be highly sought after by art collectors. The mint price is set for 0.2 BTC, roughly $4,300 based on current market prices.

Justin Aversano and Twin Flames

Justin Aversano has made a name for himself in the world of NFTs and photography. He was the first to launch a photography collection on the Ethereum network with his Twin Flames collection, which quickly gained a following among art collectors and enthusiasts. In a recent Discord announcement, Aversano expressed his excitement about bringing his work to the Bitcoin network, recognizing the unprecedented level of security and permanence it offers for his art.

If you’re a holder of Aversano’s previous works, be sure to head over to the “Colin in the Car” Discord for allowlist instructions. This is a once-in-a-lifetime opportunity to own a piece of history and a work of art that is sure to appreciate in value.

So, get ready to add some fire to your NFT collection tomorrow with Justin Aversano’s “Colin in the Car.” This drop is sure to be a major event in the crypto world, so don’t miss out!

The post Justin Aversano is coming to BTC with “Colin in the car” appeared first on NFT CULTURE.

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