{"id":20646,"date":"2023-02-15T14:04:05","date_gmt":"2023-02-15T22:04:05","guid":{"rendered":"https:\/\/coinnetworknews.com\/bitcoin-nfts-protocol-ordinals-surpasses-100000-inscriptions\/"},"modified":"2023-02-15T14:04:05","modified_gmt":"2023-02-15T22:04:05","slug":"bitcoin-nfts-protocol-ordinals-surpasses-100000-inscriptions","status":"publish","type":"post","link":"https:\/\/coinnetworknews.com\/bitcoin-nfts-protocol-ordinals-surpasses-100000-inscriptions\/","title":{"rendered":"Bitcoin NFTs Protocol Ordinals Surpasses 100,000 Inscriptions"},"content":{"rendered":"

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There are now more than 100,000 pieces of data inscribed directly onto the Bitcoin blockchain.<\/p>\n

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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. Since the project\u2019s launch<\/a> in January 2023, a seemingly endless stream of pictures, audio files and PDFs have been uploaded. <\/p>\n

As previously described<\/a>, inscriptions, through the Ordinals protocol, allow users to embed data, usually images, directly onto the Bitcoin blockchain, effectively enabling NFTs on Bitcoin. A full write-up on the technical ins-and-outs of the protocol can be found here.<\/a> In addition, Matt Odell has recorded an episode of Citadel Dispatch with the creator of the protocol, Casey Rodarmor<\/a>, which you can listen to here<\/a>.<\/p>\n

Prominent projects on Ordinals include Bitcoin Shrooms<\/a>, Astral Babes<\/a> and Bitcoin Punks<\/a>, which are Bitcoin-based uploads of the original Ethereum CryptoPunks. One of these has now sold<\/a> for as much as 9.5 BTC, or approximately $215,000 at the time of writing.<\/p>\n

You can explore all of the various inscriptions via the inscriptions explorer<\/a>. The platform has been rapidly adopted by a wide array of users, from artists to businesses. It has seen an explosion in usage in recent weeks, likely a result of the growing popularity of NFTs and the promise of a NFTs directly built onto the Bitcoin platform, inheriting all of the qualities that make Bitcoin the leading Layer 1 blockchain. <\/p>\n