An article takes stock of Bitcoin NFT ecological utility tools: wallet, minting, trading platform
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2023-02-28 11:20
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The decision of Yuga Labs to launch the TwelveFold series of NFTs has once again set off a wave of NFTs on the Bitcoin network.

On February 28, Yuga Labs announced that it will launch the NFT series TwelveFold on the Bitcoin blockchain based on the Ordinal protocol later this week, which will contain 300 limited-edition generated works of art. Greg Solano, co-founder of Yuga Labs, specifically emphasized that although the choice to launch TwelveFold runs counter to Yuga Labs' expectations, Yuga Labs is excited about the future of Ordinal inscriptions and Bitcoin digital artwork.

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Eco Wallet

Ordinals Wallet

Ordinals protocol ecosystem wallet, a web wallet and inscription browser specially developed for Ordinals. In addition to basic wallet functions, it also supports bitcoin NFT inscription browsing, retrieval, Collection upload and other functions. It has a high degree of completion and is still being updated middle.

In addition, Ordinals Wallet has recently carried out an NFT airdrop called "Pixel Pepes", with a total of 1,563 pieces. Users only need to make one transaction in the wallet to get the airdrop, but the airdrop has now ended.

Hiro Wallet

Hiro Wallet is a wallet application based on Bitcoin. It currently supports Ordinals, but does not support Lightning Network.

Currently, the wallet supports browser extension versions of Chrome, Firefox, and Brave, as well as desktop versions of MacOS, Windows, and Linux systems.

Currently, the wallet supports browser extension versions of Chrome, Firefox, and Brave, as well as desktop versions of MacOS, Windows, and Linux systems.

Xverse

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The platform aims to bring collectors, creators and investors together to explore, trade and showcase NFTs in the Bitcoin ecosystem. Gamma platform consists of three core products: NFT market, Launchpad and social platform. Gamma.io supports both primary and secondary markets for Bitcoin NFTs.

Gamma.io

Gamma, the NFT market on Stacks, was originally named STXNFT, and it was announced on April 27, 2022 that it will be renamed Gamma. Gamma is the third letter of the Greek alphabet, denoting the third phase of the web: Web 1.0, Web 2.0 and now Web3.

The platform aims to bring collectors, creators and investors together to explore, trade and showcase NFTs in the Bitcoin ecosystem. Gamma platform consists of three core products: NFT market, Launchpad and social platform. Gamma.io supports both primary and secondary markets for Bitcoin NFTs.

Users can use the Gamma bot to mint their own unique digital creations, collect them or sell them. Users can use the code-free Bitcoin NFT creation tool to create it in minutes. Gamma.io solves the technical, complex and time-consuming pain points of creating NFTs on the Bitcoin network. However, the secondary market still accounts for the majority of platform sales. Each sale includes the artist's royalties as well as a marketing commission, with percentages varying by artist and collection.

Ordinals Bot

Ordinals Bot is a tool for minting Bitcoin NFTs on the Ordinals protocol, created by the @satoshibles https://twitter.com/satoshibles team. The tool saves users from running a Bitcoin node when minting Bitcoin NFTs.

Casting process:

After the user enters the official website, upload the file [jpg, .webp, .png, .gif, .txt, .mp 3, .mp 4(h 264) etc.] and click submit

· Minting fees paid via the Lightning Network or the regular network. The fee is 0.00025 BTC per file + 10% network fee, of course, the network fee itself also needs to be paid by the user.

· After the transfer is completed, it will be minted

· If the user provides the NFT receiving address, the NFT will be automatically sent to the user

Note: If the user does not provide an NFT receiving address, Ordinals Bot will reserve the inscription for it until the user sets it. Once users have set up their wallets, they simply need to visit the order check tool to add addresses and receive NFTs.

Also, a new bulk .sats name inscription tool has just been launched recently:https://ordinalsbot.com/sats-namesfirst level title

trading platform

generative.xyz

The generative art NFT platform on the Bitcoin chain is similar to similar products on the Ethereum. The website effect is very gorgeous. It has not been established for a long time, but it has already listed the AI ​​works of many artists. It can be mint in BTC and ETH.

The native protocol Generative protocol testnet was launched on January 31, and the testnet ERC-20 Token GEN was simultaneously launched. The team said that the Token can be converted into a future mainnet Token. Users can obtain it by uploading artwork, finding bugs, and helping promotions. GEN rewards.

openordex.org

Ordinals decentralized trading platform, a geek project created by Oren Yomtov, a developer from the community, has a very hard-core UI style, and has successively developed basic functions such as Collection display. It is worth mentioning that the centralized order book of openordex is based on the previous The smash hit Web3 communication protocol Nostr development.

The current version of openordex only supports the buying and selling operations of the Bitcoin cli client (the node client command line window), and the Sparrow Wallet client (the wallet officially recommended by Ordinals).

Emblem Vault

Emblem Vault is a Web3 tool that brings Bitcoin NFTs to the Ethereum mainnet by encapsulating them, enabling Bitcoin NFTs to be traded directly on OpenSea.

To put it simply, Emblem Vault assumes the role of a "custodian" - hand over the Bitcoin NFT to them, obtain a custody certificate that can be traded on the Ethereum mainnet, and claim the corresponding NFT according to the custody certificate.

The seller uses Emblem Vault to Mint a "Vault Vault" NFT, and transfers the NFT to be sold to the Bitcoin network address specified by Emblem Vault. When it is detected that the Bitcoin network address has assets deposited, the "Vault Vault" NFT will be displayed on OpenSea with the cover image and description set by the seller.

Currently, Emblem Vault can use assets from Bitcoin, Ethereum, XDai, Polygon, and BSC networks.

Ordswap

Ordswap is an Ordinals market and wallet built on the Bitcoin network, on which ordinals inscriptions can be minted, bought and sold.

The overall UI and user experience of Ordswap are not far behind the existing mature NFT market in the Ethereum ecosystem. In view of the current limited activity of digital artwork on the BTC network and the high price of BTC, the Ordswap market is currently There are very few digital artworks with a transaction price higher than 0.1 BTC.

Scarce.City

Scarce.City is an auction exchange for digital goods using BTC bids, started by Chris Tramount and Aryan Jabbari with help from founder emeritus Chiefmonkey.

Scarce.City bids, auctions and pays through instant, anonymous, low-fee Lightning Network and Bitcoin main chain. There are a variety of commodities traded, including digital artwork, virtual land, virtual items, NFT and more.

Participants are required to bid in increments during the auction, and the highest bidder wins the auction. The platform holds auction participants accountable by staking 5% of bids.

user flow

1. The bidder deposits a small portion of the bid price as collateral.

2. The winning bidder has to pay his final bid within 5 minutes of the auction closing. If the winning bidder doesn't pay within 5 minutes, they lose their deposit and the next highest bidder gets the chance to pay their highest bid.

3. After the final bid payment is over, the platform will refund the deposit to the remaining participants.

Ordyswap

The purpose of Ordyswap was also to realize the transaction function of Bitcoin Ordinal NFT. Specifically, Ordyswap allows anyone to submit an offer for a specific Ordinal NFT. In order to create an offer, submitters need to lock up enough STX tokens and specify the Bitcoin address of the NFT with a specific serial number they wish to purchase.

If the holder of the Ordinal NFT accepts the offer, the Ordinal NFT will be automatically sent to the offerer, and STX will be automatically paid to the seller of the NFT at the same time. The whole process is entirely based on on-chain transactions and does not involve any centralized custody process.

The current Ordyswap is still in the proof-of-concept stage, and the project’s trading experience is still very primitive, and it can even exist as an experimental project, but the emergence of Ordyswap actually indicates the strong development potential of the Bitcoin community.

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