Introducing Bitcoin Ordinals NFTs

So basically, these are like digital stickers that can be attached to individual satoshis (the smallest unit of a bitcoin). These stickers have unique metadata and can be bought, sold or traded just like traditional NFTs. But here’s the cool part: instead of being stored on some fancy blockchain like Ethereum, these NFTs are actually embedded directly into the Bitcoin network itself! This means they’re more secure (since there’s no need to rely on third-party servers or databases), and also cheaper to mint since you don’t have to pay for gas fees.

For example, let’s say I want to create an NFT of a cute little shark that swims around in the ocean. First, I would write some code using a programming language like Python or JavaScript to generate the image and metadata (like its name, description, and price). Then, I would convert this data into a special format called JSON (which stands for “JavaScript Object Notation”) and attach it to a Bitcoin transaction as an inscription. Once that transaction is confirmed by the network, my shark NFT will be permanently embedded onto the blockchain! Anyone can view or trade it using specialized wallets like Hiro or Unstoppable Domains (which are basically digital lockers for your crypto assets). And because each satoshi has a unique ID number, you’ll never have to worry about someone else accidentally buying or selling your shark without your permission.

Bitcoin Ordinals NFTs: the future of digital collectibles (or at least, until something even cooler comes along). In recent news, several collections like Ordinal Birds and On The Edge Of Oblivion have been created using this technology, with sales ranging from 0.17 BTC/2.41 ETH ($3,720) to 0.72 BTC/10.19 ETH ($15,756). These collections are accessible only through specialized wallets and have done a healthy amount of volume on OpenSea as well.

However, it’s worth mentioning that these NFTs do require some technical knowledge to create or trade, since they involve writing code and interacting with the Bitcoin network directly. This can be intimidating for beginners, but there are resources available online to help you get started. Additionally, because these NFTs are embedded into the blockchain itself, they’re not subject to the same issues of centralization or censorship that plague other digital collectibles platforms like OpenSea or Rarible. This makes them a more secure and decentralized option for those who value privacy and control over their assets.

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