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Top 5 Bitcoin Ordinal NFT Collections Are Making Waves Right Now


Top 5 Bitcoin Ordinal NFT Collections Are Making Waves Right Now

The introduction of ordinal theory gave rise to a new type of NFT inscribed directly on the Bitcoin blockchain, ushering in a new era of on-chain Bitcoin NFTs.

Read on to learn more about what ordinals are, how they enable the creation of Bitcoin NFTs, and find a list of five popular Bitcoin Ordinals NFT collections worth checking out.

What are Bitcoin ordinal NFTs?

Created by Bitcoin developer Casey Rodarmor, Ordinal Theory is a numbering scheme that gives each Satoshi a number, allowing each sat to be tracked and transferred. These numbers are called ordinals, and each ordinal is numbered in the order in which it is extracted.

Ordinal creation allows digital assets, such as security tokens, stablecoins, or NFTs, to be attached to an ordinal.

Through a process called registration, ordinals can be registered with content (such as image or video files) to create on-chain crypto collectibles, which Rodarmor calls digital artifacts. These digital artifacts are now widely known as Bitcoin NFTs.

The difference between common NFTs found on Ethereum and other smart contract-enabled layer-1 chains is that this new type of Bitcoin NFT is stored forever directly on the Bitcoin blockchain, while traditional NFTs are stored in a database. third-party data and collectors. essentially only have ownership of the link to that file in their crypto wallet.

Bitcoin ordinal NFTs are therefore much more attractive to collectors looking to keep their NFTs for a long time, as they won’t have to worry about their NFT disappearing.

5 Popular Bitcoin Ordinal NFT Collections

Let’s take a look at some of the Bitcoin NFT collections that became early favorites in the NFT Ordinals market.

Bitcoin Mushrooms

Bitcoin Mushrooms topped our list as one of the first Bitcoin Ordinals NFT collections to be created. The first mushroom was Inscription 19, created by an unknown group of people, which alludes to the mystery and anonymity of the Bitcoin blockchain. Currently, only 210 Bitcoin Shrooms are registered in the Bitcoin blockchain, which are called “Digital Artifacts” on their site.

The Shrooms collection has yet to be auctioned or sold by its owners, with the collection’s Twitter page indicating that its Discord page has been shut down. With that, many collectors are excited about the Shrooms going on sale.

Ordinal Punks

The second Bitcoin Ordinals collection that is gaining popularity is the Ordinal Punks collection that pays homage to the famous collection of NFT Crypto Punks. Ordinal Punks has 100 different ‘punk’ characters, with the first Ordinal Punk recorded as listing 642 on the Bitcoin blockchain.

Currently, the collection, created by an anonymous person known as FlowStay, is on sale, with the lowest bid being 3.7 BTC while the highest is 50 BTC (though it’s hard to tell). check if these offers are legitimate). Sales are currently managed on the collection’s Discord channel, and a Google listing shared with the auction listing!

Taproot Wizard Ordinals

The Taproot Wizards are a hand-drawn collection of 2101 Wizards created by developer Udi Wertheimer in cooperation with Luxor, one of the biggest Bitcoin mining companies. This collection is known for the largest transaction ever processed on the Bitcoin network, with the first entry, entry 652, taking up 4MB of space.

Taproot Assistants is currently being shared, with some of the collection’s subscribers having received their assistants via a tweet matching the 4MB bulk signup. the collection.

Ordinal loops

THE Ordinal loops The project is a collection of bitcoin inscriptions that aims to have bitcoin artifacts representing the philosophy and ethics of bitcoin and how the network is bringing change to the world.

The Ordinals team, whose members are unknown, created two chapters in the project. The first is known as the “Do Not Fiat” series. It outlines Bitcoin’s role in working against major Fiat currencies. The second series is the “Roots of Immutability” which honors the seven hashes that had a significant impact on the Bitcoin network. The third collection has not yet been released.

Items from the collection are listed for sale on the project’s Discord group, with one of the highest bids currently worth 4,178 BTC. However, Ordinal Loops donates a portion of its revenue to Bitcoin-based projects such as the Bitcoin Policy Institute, Open Sats Legal Defense Fund, and Casey Rodarmor’s 21st OpenDime. Additionally, item number 4 has not been sold to the public but instead is held collectively by a group of 21 people in what they call a “SATDAO”.

Ordinal Loops is considered to be one of the first inscriptions, its first object being the 452 inscription.

Bitcoin Rocks Ordinals

bitcoin rocks were created by Ordrocks and pay homage to the famous “Ether Rocks” collection, which was among the most prolific NFT collections on Ethereum. The collection contains one of the earliest listings on the Bitcoin blockchain, with the first rock being listing 71. Ordrocks has listed 100 Bitcoin Rocks since then.

Although they don’t have a website, the Bitcoin Rocks Ordinals have an active Discord group and a Twitter account that keeps people updated on the collection. The highest bid for a Bitcoin Rock is currently 1000 BTC, although it is difficult to determine if it is genuine.

Where to store your Bitcoin ordinal NFTs?

To store your Bitcoin Ordinal NFTs, you currently only have a handful of Bitcoin wallets to choose from that provide Ordinal support.

Xverse has apparently become the most popular Bitcoin wallet for storing and managing NFT Bitcoin Ordinals. The wallet also allows you to register ordinals using the wallet’s Chrome extension or mobile app, allowing anyone to create Bitcoin NFTs simply and easily.

Hiro Wallet, Sparrow Wallet, and Ordinals Wallet also allow you to store your Bitcoin ordinals, with more wallets expected to follow given the growing popularity of ordinals.

While Bitcoin ordinals are currently only traded over-the-counter (OTC), several NFT marketplaces are already working to support these new types of NFTs. Gamma, for example, already allows users to create Bitcoin ordinal NFTs based on images and text and allows users to view Ordinals collections.

What will the future contain?

As more Bitcoin Ordinals NFTs collect, it will be interesting to see what impact Ordinals will have on the Bitcoin network and the wider NFT collecting community.

While some Bitcoiners are concerned that this will affect Bitcoin’s mission to become the best money we’ve ever had, others believe that bringing the fun back to Bitcoin will be a net positive for Bitcoin adoption. .

Joanna Swanson

Joanna Swanson is Europe correspondent at the Thomson Reuters Foundation based in Brussels covering politics, culture, business, climate change, society, economies and inclusive tech. With specific focus in breaking news, she has covered some of the world's most significant stories.