As an encrypted token that can represent a unique digital asset or physical asset, NFT is unique and irreplaceable on the blockchain. NFT has been developed on smart contract platforms such as Ethereum for many years, and many famous projects and applications have been born. However, on Bitcoin, the earliest and most secure blockchain, due to its lack of native smart contract functions and high transaction fees, NFT has not been widely developed and applied.
In order to solve this problem, a protocol called Ordinals was officially launched on December 14, 2022. It utilizes the technical characteristics of Segregated Witness (SegWit) and Taproot 3 on the Bitcoin network to realize direct casting, Transfer and destroy NFTs. The Ordinals protocol numbers the smallest unit (Satoshi) in each bitcoin and links it with a metadata to form a unique and traceable NFT. The Ordinals protocol does not require any centralized or trusted parties to participate, nor does it need to rely on any Layer 2 or side chain solutions. It fully follows the rules and security of the Bitcoin network itself.
Since its launch, the Ordinals protocol has attracted many developers and users to participate, and spawned a series of projects and applications based on the protocol. According to ChainCatcher statistics, more than 140,000 NFTs have been minted on the Ordinals protocol, and the number continues to grow. Previous veDAO Research Articles
Link: https://panewslab.com/zh/articledetails/d6rlbh0xot7w.html
It brings the introduction of BTC NFT and some methods of acquisition, as well as the interpretation of related ecology. In this article, veDAO Research Institute will further review and interpret BTC NFT ecological projects.
casting
Ordinals Bot
Ordinals Bot is a tool for minting Bitcoin NFTs on the Ordinals protocol, created by Ordinals founder Satoshibles team. The tool saves users from running a Bitcoin node when minting Bitcoin NFTs.
After the user enters the official website and uploads the file, the casting fee is paid through the Lightning Network or the regular network, and the casting is carried out after the transfer is completed. If the user provides an NFT receiving address, the NFT will be automatically sent to the user; if the user does not provide an NFT receiving address, Ordinals Bot will keep the inscription for it until the user sets it. Once users have set up their wallets, they simply need to visit the order check tool to add addresses and receive NFTs.
Gamma.io
Gamma, the NFT market on Stacks, was originally named STXNFT, and it was announced on April 27, 2022 that it will be renamed Gamma. The platform aims to bring collectors, creators and investors together to explore, trade and showcase NFTs in the Bitcoin ecosystem. Gamma platform consists of three core products: NFT market, Launchpad and social platform. Gamma.io supports both primary and secondary markets for Bitcoin NFTs.
Gamma.io offers a method of casting called the Gamma bot. Users can use Gamma bot to mint their own unique digital creations, collect them or sell them. Users can mint NFTs with simple commands, no coding or technical knowledge required: just add the Gamma bot on Discord and type create
wallet
Ordinals Wallet
Ordinals Wallet is a browser wallet for sending and receiving BTC NFT on the Ordinals protocol. In addition to basic wallet functions, it also supports Bitcoin NFT inscription browsing, retrieval, Collection upload and other functions. It has a high degree of completion. Currently It is still being updated, including functions such as improving transmission efficiency, UI optimization, and reading wallet balances.
In addition, Ordinals Wallet also carried out an NFT airdrop named Pixel Pepes on February 28, with a total of 1,563 pieces. Users only need to make one transaction in the wallet to get the airdrop, but the airdrop has now ended.
Sparrow Wallet
Sparrow Wallet is an open-source Bitcoin-based wallet that supports multiple transaction types and hardware devices. Sparrow Wallet also supports the Ordinals protocol, and the creator of Ordinals highly recommends the wallet. Users can use Sparrow Wallet to receive, manage and transfer BTC NFT. Users can also use Sparrow Wallet to create NFT, as long as they have a Taproot (P 2 TR) account and operate on some websites that support ordinals.
Sparrow Wallet engraves some data (such as text, pictures or videos) on a satoshis, and uses the Taproot signature scheme to ensure the integrity and immutability of the data. In this way, each satoshi becomes a unique digital artwork, that is, BTC NFT.
Hiro Wallet
Hiro Wallet is a wallet developed based on the Stacks chain, mainly used to manage STX tokens. Support for Bitcoin NFTs has already begun. Browser extension users can send Bitcoin from their Hiro wallet using the same key or hardware wallet device to manage their STX and other assets across accounts, users can view their BTC holdings under "Balance", and also This address can be copied under "Receive" and will soon reveal the Taproot address for depositing BTC NFTs. As a Bitcoin ecological wallet, Hiro Wallet has many convenient built-in functions. Users can directly use credit cards, debit cards or even bank transfers to purchase STX in Hiro Wallet, and then directly participate in the pledge in the wallet.
Xverse is a Stack-based Bitcoin non-custodial wallet and one of the largest markets in the Bitcoin NFT ecosystem.
Xverse
Xverse is a Stack-based Bitcoin non-custodial wallet and one of the largest markets in the Bitcoin NFT ecosystem.
Support for the Ordinals protocol has been added to support the display of BTC NFT; at the same time, Xverse has now supported the transfer of Ordinals, and related functions are still being improved.
Support for the Ordinals protocol has been added to support the display of BTC NFT; at the same time, Xverse has now supported the transfer of Ordinals, and related functions are still being improved.
Bitcoin.com Wallet
market
market
Twetch
Twetch has also minted a series of NFTs called Planetary Ordinals on the Bitcoin blockchain through the Ordinals protocol, which are planet-themed works of art.
Twetch has also minted a series of NFTs called Planetary Ordinals on the Bitcoin blockchain through the Ordinals protocol, which are planet-themed works of art.
Ordinals Market
Ordinals Market is an open and decentralized platform where anyone can publish their own works or collect others' works. Ordinals Market also supports access to third-party applications and services to provide more functions and experiences. Ordinals Market allows users to buy or sell BTC NFTs with ETH, as well as browse and collect a variety of interesting and unique creations. The TwelveFold from Yuga Labs is available in the Ordinals Market.
Ordinals Market is linked to verified Opensea listings via Emblem Vault, a protocol that allows NFTs to be easily traded between different chains, Ordinals Market provides users with all legitimate Bitcoin Punk NFTs to avoid being scammed.
openordex.org
OpenOrdex is a decentralized trading platform for Ordinals. It is a geek project created by community developer Oren Yomtov. The UI style is very hardcore. Basic functions such as Collection display have been developed successively. It is worth mentioning that the centralized order The book is developed based on the previous smash hit Web3 communication protocol Nostr.
NFT items
NFT items
TwelveFold
TwelveFold, a Bitcoin NFT project by Yuga Labs, is a collection of 300 unique pieces of generative art. Created by the team using 3D modeling and algorithmic construction and high-end rendering tools, these artworks contain 3D and hand-drawn elements, all stored in a 12 base art system positioned on a 12 x 12 grid. TwelveFold uses the Ordinals protocol to engrave each work into a certain number of satoshis on the Bitcoin blockchain, making it non-tamperable and permanent.
TwelveFold started the auction on March 4, 2023 and closed within 24 hours, raising a total of $16.5 million. The auction adopts a blind auction method, that is, participants cannot see how much other people bid, but can only see their current ranking. The highest bid is 10 BTC and the lowest bid is 0.01 BTC. After the auction closes, the first 288 successful bidders will receive their purchases, which can be displayed or traded on the Xverse platform.
Bitcoin Rocks
Bitcoin Rocks is a tribute to the early Ethereum NFT series. This is a project that created 1,000 different RockNFTs based on the Ordinals protocol, each Rock has its own number and shape, and they have immutable proofs on the Bitcoin chain. The project also plans to launch more Rock series and features in the future to provide players with more choices and fun. The item is already open for trading on the Ordinals Market and has already attracted many collectors.
Ordinal Punks
Ordinal Punks is an exclusive collection that pays homage to CryptoPunks, one of the original collection of Ethereum NFTs. In homage to CryptoPunks, Ordinal Punks are a collection of BTC-based NFTs that are a persona figure (PFP) collectible and come in 100 different styles. Ordinal Punks, minted in Bitcoin's first 650 inscriptions, are 192 × 192 pixel images created using an open-source algorithm from anonymous Web3 creator FlowStay. Since Bitcoin's infrastructure requires users to operate a full Bitcoin node to craft inscriptions, bids and asks for Ordinal Punks are conducted on Google Sheets run by FlowStay, the community essentially using the project creator as a host on Discord people. dingaling purchased 7 Ordinal Punks for 211 ETH.
Bitcoin Punks
Bitcoin Punks is an NFT project imitating CryptoPunks on Ethereum, with a total of 10,000 different 8-bit pixel-style character avatars, each with unique attributes and scarcity. Bitcoin Punks will be minted on the Ordinals protocol on February 9, 2023, and traded on platforms such as Opensea.
Bitcoin Punks is the first project to successfully upload original Ethereum CryptoPunks to the Bitcoin blockchain using Ordinals, all assets have been minted by collectors for free. According to its development team, they are checking the hash value of each image uploaded to Ordinals and comparing it to the original 10,000 Crypto Punk images. The link to Bitcoin Punks must be the first occurrence of the inscription, which must also Contains the corresponding hash on the Ordinals protocol.
In addition to the above-mentioned more well-known or interesting Bitcoin NFT projects, there are some other types or smaller-scale Bitcoin NFT projects:
Chainspace：
An NFT project created by Tim Shel, a core member of Loot, includes 800 video rendering applications stored in the Bitcoin network. Users can use it to take selfies, and use preset filters that represent the aesthetic styles of different encryption communities to generate selfies version of the gm emoji for identity expression and community interaction. Chainspace is also the first cross-chain pure on-chain NFT project, supporting various on-chain assets such as Bitcoin, Ethereum, and Tron.
On The Edge Of Oblivion：
is an NFT project linking ETH NFTs with Bitcoin NFTs, with a total of 555 works. Created by Web3 developer nullish, the project realizes the bridge between ETH NFT and BTC NFT through Emblem Vault, and trades on platforms such as Opensea.
Bitcoin Beats：
This is an NFT project composed of Bitcoin musicians and producers to create and distribute original music works through the Bitcoin network. The project uses the EigenLayer protocol to store audio files in the Bitcoin network and generates NFTs through the Ordinals protocol. Bitcoin Beats also supports cross-chain NFT transactions, users can use Bitcoin or other cryptocurrencies to buy or sell NFT music works.
Bitcoin Stories：
An NFT project made up of Bitcoin enthusiasts and writers to create and share original storytelling works through the Bitcoin network. The project uses the EigenLayer protocol to store text files in the Bitcoin network and generates NFTs through the Ordinals protocol. Bitcoin Stories also supports cross-chain NFT transactions, and users can use Bitcoin or other cryptocurrencies to buy or sell NFT story works.
Bitcoin Art Gallery：
epilogue
epilogue
veDAO is an investment and financing community dedicated to discovering early potential projects. By gathering public wisdom and professional opinions, community participants, investors, and project parties are provided with a fair, transparent, and democratic project evaluation and investment and financing process, so that all participants can share the project development dividend.
About veDAO
veDAO is an investment and financing community dedicated to discovering early potential projects. By gathering public wisdom and professional opinions, community participants, investors, and project parties are provided with a fair, transparent, and democratic project evaluation and investment and financing process, so that all participants can share the project development dividend.
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