After CryptoPunk NFT Copies Are Minted as Bitcoin Ordinals, Will Bored Apes Follow Suit?

After CryptoPunk NFT Copies Are Minted as Bitcoin Ordinals, Will Bored Apes Follow Suit?
Cryptocurrency News
Like? Do Rank It! Likes

Byte-perfect uploads” of the 10,000 CryptoPunk non-fungible tokens (NFTs) are on the network now. The question is, what collection is the following?

Since late Jan., Inscriptions on the Bitcoin network, powered by Ordinal technology, have been the center of attention. Casey rodarmor, the developer of bitcoin, brought in the ordinals protocol. It functions by writing satoshis with the content of digital artifacts.

The hit of computers has exploded since the introduction of Bitcoin punks. According to the official website, they are the “byte-perfect uploads of the original Ethereum CryptoPunks onto the Bitcoin Blockchain.”

Ordinals Mint at an All-Time-High

Bitcoin enthusiasts minted 10,000 Punks within 24 hours of the launch. A final audit of the project is now underway. According to the data of , the number of mints on the ordinaux is at its peak as the community has hurried to mint their free bitcoin punks.

Source:

But trading Bitcoin Punks comes with its own complexity. Currently, there is no marketplace for the secure transfer of NFTs between individuals. Interested community members need to among themselves for Over-the-Counter (OTC) trading using the Sparrow wallet

Of course, there are chances that crooks will cheat on not-so-technophiles to steal their Bitcoin. In addition, the project is not a formal collection of yuga laboratories. NFT expert against Bitcoin TNT, calling it a "media hype that's going to die quietly."

It is interesting to note the moderator Discord of Bitcoin Punks announced the launch of a market channel, verified scam aid, and more facilities to support commerce.

The Discord community is enthusiastic about the latest collection and waiting for the launch of the Bored Yacht Club () copy on Bitcoin.

Do you have a comment on Bitcoin punks or something? Write to us or join the discussion on our Telegram channel. You can also catch us on FacebookTwitter