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.
 

Gold Arrives on 'Digital Gold' as Bitcoin Gets Tokenized Version of the Metal​

Bitcoin, the cryptocurrency, is often referred to as "digital gold," but now it is possible to mint and trade physical gold on the Bitcoin blockchain via the Ordinals protocol – essentially encoding ownership of the yellow metal into an NFT.

  • Swarm Markets is offering investment in gold bars on the Bitcoin network in partnership with OrdinalsBot.
  • Swarm and OrdinalsBot's service involves inscribing satoshis with unique gold kilobar serial numbers, in effect allowing them to be traded on Bitcoin's Ordinals protocol.

Bitcoin (BTC) is often referred to as "digital gold," but now it will be possible to mint and trade physical gold on the Bitcoin blockchain via the Ordinals protocol for the first time.

Swarm Markets, a real-world assets (RWA) platform licensed by German regulator BaFin, is offering investment in gold bars on the Bitcoin network in partnership with OrdinalsBot.

More:

www.coindesk.com

Gold Arrives on 'Digital Gold' as Bitcoin Gets Tokenized Version of the Metal

Bitcoin, the cryptocurrency, is often referred to as "digital gold," but now it is possible to mint and trade physical gold on the Bitcoin blockchain via the Ordinals protocol – essentially encoding ownership of the yellow metal into an NFT.
www.coindesk.com www.coindesk.com

​

 
^^^ If I want shiny, I'll buy physical.
 
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