With over 150,000 ordinal entries on the Bitcoin blockchain, there are now numerous collections as creators and artists have found a new way to monetize their artwork through blockchain technology. In the past month, people have released collections like Ordinal Punks, Ordinal Penguins, Bitcoin Shrooms, Inscribed Pepe, Planetary Ordinals, Based Apes, Satoshi Punks, Ordinals Eggs, Block Munchers, and more. Although the enrollment trend is still young, several collections are attempting to establish themselves in this emerging market, with some selling for significant value.
Collections on the Bitcoin Blockchain Hope to Become ‘Blue-Chip’ Digital Collectibles
These days, there are numerous ordinal inscriptions on the Bitcoin blockchain, as the demand for the technology has increased considerably. For years, blockchains like Ethereum have established collections like Bored Ape Yacht Club (BAYC), Cryptopunks, Azuki, Moon Birds, Doodles, Mutant Ape Yacht Club (MAYC), and others.
Some of these non-fungible tokens (NFTs) are known as “blue-chip” NFTs, as they have held significant value and have been selling on the open market for several years. For example, BAYC and Cryptopunks currently have the higher floor values among all collections.
Confirmed trade: Ordinal Punk 16 for Cryptopunk 4155 per <@276695493441224705> <@900032291533881344> https://t.co/28If0WxlM5
— Ordinal Punk Sales (@OrdinalPunkSale) February 19, 2023
Many newly minted collections of ordinal inscriptions are similar to ideas derived from popular Ethereum collections, such as the ordinal punks collection. The collection features different versions of pixelated punk characters, with only 100 of them available, in contrast to the 10,000 Cryptopunks available.
For those interested in pixelated punk characters, there are other collections like punks in bitcoin, satoshi punks, two punk 256and Yeti Bit Club. Similar to Rare Pepe NFT Collection made with Counterparty, there are numerous collections dedicated to the Pepe toad, including Pepes registered and immortal pepes.
Other known collections include ordinal rocks, block chewers, ordinal penguins, bitcoin toad, XC Pinata, ordinal eggs, Planetary Orders, ordinary smokeand based apes. Ordinal punks have been selling for considerable value and recently someone negotiated Cryptopunk #4155 for Ordinal Punk 16.
Most ordinary punks sell for prices between 3.7 BTC and 5.4 BTCand three days ago Ordinal Eggs saying saw 4 BTC in over-the-counter (OTC) volume. Bitcoin Toadz recently sold #4913 for 2.5 ether, and another sold for2.8 ether.
The creator behind ordinal fragmentsa collection of 100 shards inscribed on the Bitcoin blockchain, saying sales have been in both ETH and BTC. In addition to the collections being talked about on social media, there are a large number of ordinal inscriptions on the chain, which could be collections in the future or have some unknown meaning.
There’s also text, numbers, strange writings, 1kb gold bars, quotesvideos, animationsand audio messages. There have been some critics of the ordinal trend who have called it is “spam” compared to the assets issued by the older generation counterpart. Some also have disputed the veracity of the OTC sales linked to the ordinal registrations.
What do you think of all the ordinal inscriptions and collections on the Bitcoin blockchain? Let us know what you think about this topic in the comments section below.
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