Ordinals: Bitcoin NFTs

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Ordinal NFTs (aka digital artifacts or inscriptions) allow users to mint non-fungible tokens onto Bitcoin’s blockchain — image and all.

The Ordinals protocol was launched in January 2023 and it enables users to explore, transfer, and receive individual satoshis — which may include unique inscribed data such as videos and images. It’s a new way to mint NFTs on Bitcoin, one that involves putting the actual content of the NFT completely on-chain.
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Casey Rodarmor’s innovation is barely a month old, but it’s already become the most divisive topic of the year in Bitcoin circles.

Some in the Bitcoin maximalist camp see it as a trivial novelty at best or an attack on bitcoin at worst.
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This is a fairly new development, but if the infrastructure for minting, buying and selling matures and a Bitcoin NFT market grows, it's going to be deflationary for Bitcoin as coins get minted, they become collectables and don't circulate/trade as unminted coins do.
 
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