First off, what NFTs are in general. They’re basically digital collectibles that can be bought, sold, or traded like any other asset. But unlike traditional assets, they don’t have a physical form instead, they exist solely on the blockchain (which is just a fancy way of saying “a big database”). Now Bitcoin Ordinals Protocol and how it works with NFTs using an example:

Let’s say you want to create your very own NFT using the Bitcoin Ordinals Protocol. First, you would need to find a satoshi that hasn’t been ordinalized yet (which is kind of like finding a blank canvas). Then, you could inscribe some data onto it maybe it’s an image or a piece of text that has special meaning to you. Once the transaction is confirmed on the Bitcoin blockchain, your NFT would be officially created and stored forever!

Now why this protocol is so exciting for the world of NFTs. For starters, it allows for much more flexibility in terms of what can be minted as an NFT not just images or videos, but also text, music, and even entire websites (which could potentially revolutionize the way we think about web domains). Another major benefit is that Bitcoin Ordinals Protocol makes it possible to create truly unique and rare NFTs. Because each satoshi can now have its own identity and meaning, there’s no longer a need for expensive smart contracts or complex minting processes instead, anyone with a basic understanding of cryptography could potentially become an NFT creator!

One example of an NFT collection that has been created using Bitcoin Ordinals Protocol is “On The Edge Of Oblivion” by Web3 dev nullish. This project uses the protocol to create unique and rare digital art pieces, which are then sold as NFTs on various marketplaces like OpenSea and Rarible. As of writing this article, the collection has recorded over 1,000 sales at an average price point of around $25 per piece not bad for a new technology that’s still in its early stages!

Overall, we think that Bitcoin Ordinals Protocol is a major step forward for the world of NFTs and blockchain technology in general. By allowing for more flexibility and creativity when it comes to creating digital collectibles, it’s helping to push the boundaries of what’s possible with this exciting new medium and we can’t wait to see where things go from here!