There are actually greater than 100,000 items of information inscribed instantly onto the Bitcoin blockchain.
Simply 5 days after reaching 50,000 inscriptions, Bitcoiners utilizing the Ordinals protocol have now inscribed greater than 100,000 items of information onto the Bitcoin blockchain. Because the venture’s launch in January 2023, a seemingly limitless stream of images, audio information and PDFs have been uploaded.
As beforehand described, inscriptions, by way of the Ordinals protocol, enable customers to embed knowledge, often photos, instantly onto the Bitcoin blockchain, successfully enabling NFTs on Bitcoin. A full write-up on the technical ins-and-outs of the protocol may be discovered right here. As well as, Matt Odell has recorded an episode of Citadel Dispatch with the creator of the protocol, Casey Rodarmor, which you’ll be able to hearken to right here.
Outstanding initiatives on Ordinals embody Bitcoin Shrooms, Astral Babes and Bitcoin Punks, that are Bitcoin-based uploads of the unique Ethereum CryptoPunks. One in all these has now bought for as a lot as 9.5 BTC, or roughly $215,000 on the time of writing.
You possibly can discover the entire numerous inscriptions through 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 latest weeks, seemingly a results of the rising reputation of NFTs and the promise of a NFTs instantly constructed onto the Bitcoin platform, inheriting the entire qualities that make Bitcoin the main Layer 1 blockchain.