• The Ordinals protocol allows users to embed data onto the Bitcoin blockchain and create NFTs.
• In five days, users have inscribed over 100,000 pieces of data onto the Bitcoin blockchain.
• Projects such as Bitcoin Shrooms, Astral Babes and Bitcoin Punks have been uploaded and one has sold for 9.5 BTC ($215K).

Ordinals Protocol Enables NFTs on Bitcoin

The Ordinals protocol allows users to embed various types of data directly onto the Bitcoin blockchain, effectively enabling NFTs on the platform. This project was launched in January 2023 and has seen an explosion in usage over recent weeks due to growing popularity of NFTs. With this protocol, users can inscribe images, audio files, PDFs and more onto the blockchain.

Over 100K Pieces of Data Insribed In 5 Days

Just five days after reaching 50,000 inscriptions, Bitcoiners using the Ordinals protocol have now inscribed more than 100,000 pieces of data onto the Bitcoin blockchain. This is likely a result of users recognizing the promise that comes with having NFTs directly built on top of bitcoin – inheriting all its qualities as a Layer 1 blockchain.

Notable Projects On Ordinals

Notable projects on Ordinals include Bitcoin Shrooms, Astral Babes and Bitcoin Punks which are based off Ethereum CryptoPunks. One notable piece from this series sold for as much as 9.5 BTC or approximately $215K at the time of writing. Users can explore all these inscriptions via an inscriptions explorer provided by the platform itself.

Matt Odell Interview With Creator Of Protocol

Matt Odell recorded an episode of Citadel Dispatch with Casey Rodarmor who created this protocol which gives further details about how it works technically and its implications for NFTs on bitcoin. Listeners can find this episode here: link

Growing Popularity Of The Protocol

The platform has seen rapid adoption from a wide array of users including artists and businesses alike demonstrating its growing popularity among crypto enthusiasts looking to make use of non-fungible tokens (NFTs) built on top of bitcoin’s layer 1 infrastructure.