13/02/2023 Ordinal Inscriptions Take the NFT World by Storm: Over 50,000 Added to the Bitcoin Blockchain in 2023

As of Friday, Feb. 10, 2023, the Bitcoin blockchain had seen the addition of more than 50,000 Ordinal inscriptions as the trend has continued to increase daily. People are inscribing text, images, videos, audio, and software applications onto the blockchain, with some inscriptions fetching high prices via over-the-counter (OTC) trades. A clone of the popular NFT collection Cryptopunks, called Ordinal Punks, is selling for similar values to the original NFTs minted on Ethereum.

Ordinal Inscriptions Become Latest Sensation in NFT Market, Selling for High Prices on Over-the-Counter Trades

Ordinal inscriptions are gaining popularity in 2023, with the number rising to more than 50,000. Just five days prior, there were only 7,000 inscriptions. As of 12:20 p.m. ET on Feb. 11, 2023, there are 57,179 inscriptions hosted on the Bitcoin blockchain. Additionally, several ordinal inscriptions have sold for substantial amounts in the past week, including a clone of the Cryptopunks NFT collection, known as Ordinal Punks.

McDonald’s Collaboration Sparks Doodles NFT Floor Price Surge
NFTs weekly sales surge 94% as crypto market continues bullish run
Here Are the 14 Most Expensive NFTs Sold to Date, From Beeple to Mad Dog Jones and Beyond

Ordinal Punks are a collection of 100 generative punks that were minted within the first 650 inscriptions on the Bitcoin blockchain. Many new NFTs based on Bitcoin are being sold through over-the-counter (OTC) transactions, using a rudimentary pricing spreadsheet. Recently, Ordinal Punk #41 sold for 11.5 BTC, or $249,052. On Friday, the Ordinal Punks surpassed the floor values of Cryptopunks. While the trend of Ordinal inscriptions is still new, there is limited infrastructure in terms of markets and updated price metrics.

However, the project called Emblem Vault has created vaults for Ordinal inscriptions, similar to vaults created for Rare Pepe NFTs made with Counterparty and Bitcoin. With Emblem Vault’s technology, Ordinal inscriptions can be added to the Opensea NFT marketplace and sold for ethereum (ETH). Emblem Vault suggests using a community tool to verify Bitcoin-crafted punks to prevent scams. Emblem Vaultt weeted on Saturday, “Remember to verify before purchasing any vaulted asset.”

Data shows that people are not only adding images to the Bitcoin blockchain through Ordinal inscriptions, but also text, video, applications, and audio. Although images are the most common attachment, text and video inscriptions follow in popularity. Ethereum advocates are also utilizing Ordinal inscriptions, as many ETH-based NFTs are being inscribed onto the Bitcoin blockchain. For instance, “Onchain Monkeys” (OCM), an Ethereum-based NFT project from 2021, minted its 10,000-piece collection using Bitcoin.

“We inscribed OCM on Bitcoin in a highly efficient way in one inscription,” the team tweeted. “This is a historic precedent that mirrors the historic first of all 10K OCM Genesis being created onchain on Ethereum in one transaction.”

Arts

https://news.bitcoin.com/ordinal-inscriptions-take-the-nft-world-by-storm-over-50000-added-to-the-bitcoin-blockchain-in-2023/

Interesting NFTs
Her Mind Had Gone Out For A Stroll & Fallen Down The Rabbit Hole
Her Mind Had Gone Out For A Stroll & Fallen Down The Rabbit Hole' is the first programmable piece of art by Kitty Bast. The owner constructs, modifies & tattoos their very own Doll Lady... Is she falling down a rabbit hole, lost in a sea of cats or gazing into the unknown void? Do you like Pink Ladies or Lilac Ladies? Or do you pick the Wild Card? There's always a wild side to an innocent doll face. Is she obsessed with crypto ponies or crypto kitties? Or does she have an insatiable desire for Mr. Honey Badger. Come inside and have a nice cup of NFTea with the bunnies. Is your lady chained to the blockhain? Does your lady shed Bitcoin tears or ETH tears? Does your doll face don a Rotten Heart? Do you HODL to the Moon to meet the ETH Kitty? Do you have an obsession for cyborgs or Puddin'? Would you like a slice of Death by Pink? Is The Cat's Eye green or golden? Little trolls with mini daggers not included. The cheshire cat might trade you his ears for your goggles. Modifications of the Host. How long is forever? Sometimes, just one second.
#53324
By OthersideDeployer
Crypto Bubble
Realize what you really want. It stops you from chasing butterflies and puts you to work digging gold. Digital Artwork by Sandro Ieva
Michael Jordan - Crown Collection
“All you needed was one little match to start that whole fire.”- Michael Jordan. In regards to both the action on the court and everything that happened off of it, Jordan provided a spark that changed the future in so many different ways throughout his tenure in Chicago, and even decades after the fact. And, in the end, he got everything that he wanted when he began his NBA journey: he turned the team and organization as a whole into a respected program, like the dynasties he looked up to as a child. Having steered the Chicago Bulls to an incredible six championship rings in eight years from 1991-1998, scooping up five MVP awards in the process, Jordan is one of just a handful of superstars who have truly transcended their sports. Jordan and Scottie Pippen’s (right) relationship both on and off the pitch was arguably the foundation of the Bulls’ incredible success. Scottie Pippen was present with Jordan for all six championships in eight seasons. Dennis Rodman (left) His relentless and smart play perfectly suited what Jordan and Jackson wanted to do to take the Bulls to greater heights. Although his exploits off the court earned him special fame, Rodman was unquestionably one of the greatest basketball players of his generation and one of the finest defensive players in the history of the game.
#88779
By OthersideDeployer