Ordinals

Ordinals

Markets

Bitcoin Fees Spike to 2-Year High as Ordinals Bonanza Gives Windfall Profit to BTC Miners

Share prices of publicly listed bitcoin mining companies are "on fire" thanks to high transaction fees, one analyst said.

Bitcoin mining rigs at Kryptovault's facility in Hønefoss, Norway. (Image credit: Eliza Gkritsi/CoinDesk)

Tech

'Bitcoin NFT' Hysteria Comes to Sotheby's as Super-Mario-Style Mushroom Character Tops $200K

In the historic auction house's first-ever sale of the Ordinals inscriptions known as "NFTs on Bitcoin," a batch of three pixelated images from a mushroom-themed collection drew about $450,000, or roughly five times the highest estimates.

Screenshot of BitcoinShrooms website showing items from the collection. (Bitcoinshrooms.com)

Consensus Magazine

Casey Rodarmor: The Bitcoin Artist

His "Ordinals Theory," allowing data inscription on Bitcoin, generated a backlash from Bitcoiners who said it will ruin the network. But Rodarmor remains undeterred.

Casey Rodarmor, who shook up Bitcoin with Ordinals (Rhett Mankind)

Tech

Bitcoin Ordinals Token Ecosystem Emerges as Latest Crypto Play, Led by ORDI Hype

Overall capitalization of such tokens has risen over 21% in the past 24 hours, outperforming most other token sectors.

(Rachel Sun/ CoinDesk)

Markets

Bitcoin Fees Soar Nearly 1,000% Since August as Ordinals Are Back in Vogue

Higher fees are also boosting bottom lines for the industry's beleaguered miners, 21Shares noted.

Number of Ordinals inscription on Bitcoin (21.co/Dune Analytics)

Markets

Bitcoin Ordinals Protocol Token ORDI Rockets 50% on Binance Listing

Binance warned users to expect high volatility around ORDI token prices and gave it a risk classification of "higher-than-normal."

(David Mark/Pixabay)

Tech

Bitcoin Magazine Owner Backs First Ordinals Fund, Which Bought $85K Rock

The "Unbroken Chain" fund, as it is known, plans to raise $5 million from its limited partners and will trade in various Ordinals types, including BRC-20 tokens – sometimes positioned as NFTs on Bitcoin. Already the new group has bought an image of a rock for about $85,000.

https://ordiscan.com/collections

Finance

Jump Crypto Backs $5M Round for Bitcoin Wallet Xverse

The Web3 app supports Ordinals, the technology that brought non-fungible tokens to the Bitcoin ecosystem.

(Pixabay)

Web3

NFT Trading Is Ice Cold But Developers Are Still Hot for Web3

This week, new reports were released that point to a major slowdown in NFT trading. Plus, Etihad Airways will soon let its community of frequent fliers stake NFTs for miles.

3D planes from the EY-ZERO1 NFT collection. (OpenSea)