There are actually greater than 100,000 items of knowledge inscribed straight onto the Bitcoin blockchain.
Just 5 days after reaching 50,000 inscriptions, Bitcoiners utilizing the Ordinals protocol have now inscribed greater than 100,000 items of knowledge onto the Bitcoin blockchain. Since the venture’s launch in January 2023, a seemingly countless stream of images, audio recordsdata and PDFs have been uploaded.
As beforehand described, inscriptions, by way of the Ordinals protocol, enable customers to embed information, often pictures, straight onto the Bitcoin blockchain, successfully enabling NFTs on Bitcoin. A full write-up on the technical ins-and-outs of the protocol could be discovered right here. In addition, Matt Odell has recorded an episode of Citadel Dispatch with the creator of the protocol, Casey Rodarmor, which you’ll hearken to right here.
Prominent tasks on Ordinals embody Bitcoin Shrooms, Astral Babes and Bitcoin Punks, that are Bitcoin-based uploads of the unique Ethereum CryptoPunks. One of those has now bought for as a lot as 9.5 BTC, or roughly $215,000 on the time of writing.
You can discover all the numerous inscriptions by way of the inscriptions explorer. The platform has been quickly adopted by a big selection of customers, from artists to companies. It has seen an explosion in utilization in current weeks, seemingly a results of the rising reputation of NFTs and the promise of a NFTs straight constructed onto the Bitcoin platform, inheriting all the qualities that make Bitcoin the main Layer 1 blockchain.