Need a crash course on Bitcoin layers?
→ READ OUR FREE GUIDE
Need a crash course on Bitcoin layers?
→ READ OUR FREE GUIDE
Need a crash course on Bitcoin layers?
→ READ OUR FREE GUIDE
Need a crash course on Bitcoin layers?
→ READ OUR FREE GUIDE
Need a crash course on Bitcoin layers?
→ READ OUR FREE GUIDE

Read a Developer’s Guide to Bitcoin Ordinals

Since their launch in January 2023, ordinals have surged in popularity. To date, more than 10M ordinals have been inscribed on Bitcoin, and their growth is rapidly accelerating. But as a builder, why should you care?

Type
Deep dive
Topic(s)
NFTs
Published
May 26, 2023
Author(s)
Team
Bitcoin ordinals
Contents

At a high level, ordinals enable people to put new information on Bitcoin. That could be any kind of data, whether it is art or news, that is stored natively on Bitcoin.

In short, you can think of this innovation as the creation of Bitcoin-native NFTs, and that is a huge market opportunity for builders. If you think about the growth trajectory of NFTs on Ethereum, which generates $1B in sales every year in an ecosystem with a smaller marketcap than Bitcoin, then simple back-of-the-envelope math would suggest that ordinals on Bitcoin could generate several billion dollars in sales every year once the infrastructure around ordinals gets built.

A comparison of the market caps of ETH and BTC

In our latest free ebook, A Developer’s Guide to Bitcoin Ordinals, we break down everything you need to know about ordinals including:

  • A history of inscribing data on Bitcoin
  • How ordinals compare to BRC-20 and Bitcoin STAMPS
  • How ordinal theory works
  • The ordinals tooling landscape

Get free access to the book below and start integrating ordinals into your application today.

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