Bitcoin Ordinals are rapidly gaining popularity, with over 123,000 entries written forever on the blockchain. The most sought after tokens and collections now have a thriving trading and auction scene. Bitcoin wallets and their NFT ecosystem have secured their status. However, the technological framework for interacting with the chain and getting an Ordinal has been centralized, opaque, and a bit slow. Fortunately, Web3 developers are now meeting the demand for more user-friendly interfaces for Ordinals users. Excitingly, there are new solutions coming into play and we’ll look at them here.
Exciting news for Bitcoin enthusiasts
Ordinal signups have been on the rise, and now several Bitcoin wallets are stepping up to keep up with the demand. The last of them is the Ordinals Wallet, which launched on February 16 with support for Ordinals Inscriptions. Users can easily receive, store, and view Ordinals in their wallets, with additional features to transfer, send, enroll, and buy and sell on the go.
Xverse, another Bitcoin wallet, also recently started its own Ordinals service. This advanced wallet eliminates the need for users to run a full Bitcoin node to meaningfully interact with the blockchain. To enroll an Ordinal, users simply need to upload an image or text to the app and send a transaction to their Ordinals address. The NFT will appear in your Xverse NFT collection in approximately 30 minutes. Additionally, Xverse interfaces with Stacks, a layer 1.5 blockchain with its own NFT economy. To get started, users simply need to pay a transaction fee (which can be done in the wallet app) and own some Bitcoin, which can also be purchased in the app.
hiro wallet was the first to implement support for Ordinal signups on February 14, ahead of Xverse and Ordinals Wallet. The wallet will have extensive support for Stacks and Ordinal-based NFT signups. Gamma is responsible for registration and ordinals are deposited directly into a user’s account in the “Collectibles” section. Hiro Wallet CEO Mark Hendrickson promised more updates in the coming days.
How to actually set up a Bitcoin wallet?
So how can you set up your own Bitcoin wallet? You must first choose a wallet and then download and install the wallet software. Once you have installed the wallet software, you will need to create a new wallet. Instructions are provided by the wallet provider. This usually means generating a private key and a public address. Be sure to keep your private key safe as it is used to access and manage your Bitcoin. Finally, you can fund your wallet by receiving Bitcoin from other users or by buying it on an exchange and transferring it to your wallet address.
Excitement is building in the NFT community as developers work to create user-friendly ways to interact with the Bitcoin blockchain. The rapid increase in the number of wallets, marketplaces, and user interfaces that support Bitcoin Ordinals is proof of the growing demand for this new NFT ecosystem. The Web3 world is rapidly evolving. Excitingly, we can prepare to see even more innovative solutions emerge in the future.
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This article is educational material.
As always, do your own research before making any type of investment.
