Sunday , November 24 2024
Home / Bitcoin (BTC) / Bitcoin NFT Mania: There Are Now More Than 100K Ordinals Inscribed

Bitcoin NFT Mania: There Are Now More Than 100K Ordinals Inscribed

Summary:
Ordinals keep making headlines as there are now more than 100,000 inscriptions carried out on Bitcoin’s network. This has had a notable effect on the network state itself and has sparked a massive debate within the community. Inscriptions are Bitcoin’s version of a non-fungible token (NFT), and they have been making strides throughout the past couple of weeks. Multiple high-end sales already took place within the range of the first 1,000 inscriptions, with Ordinal Punks currently holding the all-time high. Today, a new milestone for this relatively nascent space took place as the protocol saw the 100,000th inscription take place. Dune Analytics reports that there are currently around 106K of them, highlighting the speed at which people are inscribing. It’s also worth

Topics:
George Georgiev considers the following as important:

This could be interesting, too:

Wayne Jones writes Charles Schwab to Launch Spot Crypto ETFs if Regulations Change

Wayne Jones writes Here’s When FTX Expects to Start Repaying Customers .5B

Dimitar Dzhondzhorov writes Is Cryptoqueen Ruja Ignatova Alive and Hiding in South Africa? (Report)

Wayne Jones writes Casa CEO Exposes Shocking Phishing Scam Targeting Wealthy Crypto Users

Ordinals keep making headlines as there are now more than 100,000 inscriptions carried out on Bitcoin’s network. This has had a notable effect on the network state itself and has sparked a massive debate within the community.

  • Inscriptions are Bitcoin’s version of a non-fungible token (NFT), and they have been making strides throughout the past couple of weeks.
  • Multiple high-end sales already took place within the range of the first 1,000 inscriptions, with Ordinal Punks currently holding the all-time high.
  • Today, a new milestone for this relatively nascent space took place as the protocol saw the 100,000th inscription take place.
  • Dune Analytics reports that there are currently around 106K of them, highlighting the speed at which people are inscribing.
  • It’s also worth noting that, at the time of this writing, inscribing requires the maintenance of a fully synchronized Bitcoin node, making this a highly technical process.

You Might Also Like:

Leave a Reply

Your email address will not be published. Required fields are marked *