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Author: Admin | 2025-04-28
Ordinals are akin to Bitcoin NFTs. In this guide, we’ll show you how to inscribe one to the Bitcoin blockchain. Posted March 16, 2023 at 11:00 am EST. Over the last few months, Ordinals (Bitcoin NFTs) have gone from a niche interest among a small group of Bitcoiners to a fast-growing technology that’s captured the attention of collectors, traders, developers, and creators across crypto ecosystems. Usage has hockey-sticked during winter 2022-2023, culminating in Yuga Labs’ March 2023 “Twelvefold” Ordinals auction that netted 735 BTC ($16.5 million at the time of auction). That event included participation from top ETH collectors, many of whom are spinning up full Bitcoin nodes for the first time in their lives.Whether Ordinals mature into a small, differentiated corner of the NFT world, or a deca-billion-dollar asset class sparking a new renaissance in Bitcoin development and adoption, remains to be seen — but Ordinals are here to stay.What Are Ordinals?The quick answer is that Ordinals are Bitcoin NFTs. The longer answer is that when people commonly refer to Ordinals, they are actually referring to a unique combination of the following:An inscription: Fully on-chain data (e.g., an image or text) plus associated metadata shoved into Bitcoin blocks through “inscribing.”An ordinal: A single satoshi (the smallest unit of Bitcoin), which is unique and non-fungible, enabled by a novel convention called Ordinal Theory, implemented in a piece of open-source software called Ord (released by creator Casey Rodarmor in December 2022). An “Ordinal,” or Bitcoin NFT, is created at the end of a process that starts with putting data on-chain (inscription) and ends with mapping the data to a non-fungible satoshi using Ordinal Theory.The main difference between Ordinals and NFTs on other chains is that content data (inscriptions) on Ordinals are always stored on Bitcoin; NFTs on other chains are mostly
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