Ordinals: Bitcoin NFTs

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pmbug

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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:

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

​

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