In the 15 years since its inception, Bitcoin has rarely been used for purposes other than peer-to-peer transfers and value storage. The recent emergence of the Ordinals protocol has made some people in Web3 excited about the "new field" of the Bitcoin NFT market.
But compared to the prosperity on the Ethereum chain, Bitcoin is like a barren land, without any infrastructure and tool assistance, we can only move forward barefoot, wandering around in search of the next "treasure".
As the Ordinals protocol gradually gains everyone's attention, the off-site transaction volume of early-launched Bitcoin NFTs (such as Ordinal punks) has surged, making more and more NFT enthusiasts excited about this, although only time will tell. Whether short-term concerns will become long-term concerns, but like other NFT trends such as PFP and Free mint, in front of Fomo, these cannot hinder the spread of Bitcoin NFT.
So how to join the Ordinals ecosystem through developer tools has become a topic of primary concern. Having tools and infrastructure means that there will be more traffic, and it also means that the Bitcoin NFT market will develop in an orderly manner.
wallet
wallet
1.Ordinals Wallet
Ordinals Wallet is a browser-based wallet for sending and receiving BTC NFTs on the Ordinals protocol. Your seed phrase will be generated locally and stored on your computer, encrypted in the browser. This means that there is no central database to access your seed phrase. Currently, the wallet is under development, and the first successful taproot transaction (testnet) has been carried out in the wallet, and users can use the sending and receiving functions of Ordinals Wallet. Features currently under development include:
1. Rewrite and deploy the new API used to obtain BTC NFT from the chain to improve transmission efficiency and optimize the UI at the same time.
2. The next API to be built will allow users to read wallet balances and let websites know which NFTs your wallet has.
The ultimate goal of Ordinals Wallet is to build a marketplace.
2.Hiro Wallet
Hiro Wallet is a wallet developed based on the Stacks chain, and it has started to support Bitcoin, NFT and Ordinals. Browser extension users can use the same key or hardware wallet device to send bitcoin from their Hiro wallet to manage their STX and other assets (such as BNS domain name and NFT) across accounts, currently supports sending to all bitcoin addresses type, with additional support for sending to BNS coming soon.
Users can check their BTC holdings under "Balances" and can also copy this address under "Receive" and soon show the Taproot address for depositing BTC NFTs.
NFT market
NFT market
1.Twetch
Twetch is a "Play to Earn" social network built on BSV that allows users to earn money by posting content. The platform also includes an NFT marketplace, a BSV wallet and several other features such as chat functionality and job boards. With the rise of the Ordinals protocol, Twetch has also started supporting BTC NFTs, and now they intend to integrate the Ordinals ecosystem into their infrastructure.
2.Gamma.io
Gamma.io has announced the launch of a code-free Bitcoin NFT creation tool. The no-code tool allows you to create images up to 60 kb for a flat fee of about $5 (or 21,000 sats) plus an additional 10% network fee for confirming your BTC NFT. You can choose or customize your transaction fees based on network congestion. Higher transaction fees will help you create transcriptions faster.
Since Ordinals NFTs are entirely native to Bitcoin, with no additional blockchain or tokens involved, you don't need to connect a wallet to access Ordinals functionality on Gamma. It’s worth mentioning that Gamma’s announcement about the tool’s release has also been recorded on the Bitcoin blockchain as an NFT.
3.Ordinals Market
Ordinals Market is linked to verified Opensea listings through Emblem Vault, a protocol that allows NFTs to be easily traded between different chains, Ordinals Market provides players with all legitimate Bitcoin Punk NFTs to avoid players being scammed.
DAO
OrdinallDAO is the first DAO for BTC Inscriptions, and its mission is to accelerate a new OG ecosystem for Ordinals Inscriptions, reducing fees and risks by leveraging the power of DAOs. Investors can diversify and reduce the risk of investment failure by investing with it. Currently, they’ve raised $153,515 in just three days using apps like Snapshot (for voting), Gnosis Safe (safety measure), and BTC multisig for their fundraising campaign.
NFT
1.Ordinal Punks
In homage to CryptoPunks, Ordinal Punks is a collectible series of 100 NFTs, each a 192×192 pixel image created using an open-source algorithm from anonymous Web3 creator FlowStay. Since Bitcoin's infrastructure requires users to operate a full Bitcoin node to craft inscriptions, bids and asks for Ordinal Punks are conducted on Google Sheets run by FlowStay, the community essentially using the project creator as a host on Discord people. dingaling purchased 7 Ordinal Punks for 211 ETH.
2.OnChainMonkey
OnChainMonkey, an NFT project launched by the NFT start-up company Metagood, also joined the Ordinals protocol and started "inscription" casting on the Bitcoin blockchain. Currently, its 10,000 NFT collections have all been on-chain.
3.Bitcoin Rocks
Bitcoin Rocks is another tribute to the early Ethereum NFT series, conveying the spirit of Ether Rocks, one of the first NFT collectible items on the Ethereum chain. Created by ordrocks, who casts the first rock in the series at Inscription 71, which has a supply cap of 100. Some NFTs are listed for as much as 1,000 BTC.
4.Bitcoin Punks
Bitcoin Punks is the first project to successfully upload original Ethereum CryptoPunks to the Bitcoin blockchain using Ordinals, all assets have been minted by collectors for free. According to its development team, they are checking the hash value of each image uploaded to Ordinals and comparing it to the original 10,000 Crypto Punk images. The link to Bitcoin Punks must be the first occurrence of the inscription, which must also Contains the corresponding hash on the Ordinals protocol.
5.Timechain Collectibles
The Series 1 Timepieces from the Timechain Collectibles collection is a limited set of just 21 Ordinals depicting various forms of timepieces: cyberpunk watches, pocket watches, ancient calendars, and more, minted on January 30, 2023. All pieces in the series are cast as one block and bear consecutive inscription numbers from 356 to 377. The entire series is based on the Genesis inscription at inscription 356, and the rarity levels in the series are as follows: eight pocket watches, three ancient sundials, two wrist watches, two wall clocks, two cyberpunk alarm clocks, two clock towers, A boulder and a grandfather clock.
6.Bitcoin Shrooms
Bitcoin Shrooms are some of the earliest NFTs on Bitcoin, some even before Bitcoin Rocks. The project's Discord is temporarily closed, the team behind Shrooms is unknown, and no NFTs have yet been auctioned or sold.
7.Ordinal Loops
Ordinal Loops are some of the lowest numbered NFTs in Bitcoin's ordinal, and the first NFTs in the series represent the project's current narrative chapter called "No Fiat". Ordinal Loops' Discord notes that there is currently no direct OTC buying opportunity for collectors, and that all interested parties must participate in the auction.
8.Ordinal Birds
Ordinal Birds is a derivative series on the Bitcoin chain, containing 100 bird Ordinals starting from Inscription 2,728. The collection has sold out, but the team is still holding Birds #94, #96, #98 and #100 for founder Kevin Rose.
9.Bitcoin Orbs
Bitcoin Orbs Ordinals are the first burnable NFT releases on the Ordinals protocol. These are only accessible to those who hold and burn Bitcoin Orbs on Ethereum. The series was created by Joan Westenberg, who plans to make the series one of the first to connect Ordinals to the Ethereum chain.
10.On The Edge Of Oblivion
On The Edge Of Oblivion connects ETH NFTs to Bitcoin NFTs. A total of 555 entries. The NFT traded a respectable 1,199 ETH on OpenSea, and in the last week, the series saw 1,158 sales. The project was created by Web3 developer nullish, and a bitcoin bridge to the NFT is currently live on the project's Discord.
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