Bitcoin Inscriptions & Ordinals
In this report, we detail the history of NFTs on Bitcoin, examine the foundations and current landscape of inscriptions and ordinals, explore the opportunities and challenges that inscriptions and ordinals present, and argue that not only do they create significant growth potential for the bitcoin ecosystem, they can improve the fidelity and security of the overall Bitcoin network.
NFT Ordinals Fuel Explosive Growth in Bitcoin’s Taproot Usage, Reaching a New All-Time High
The emergence of NFT Ordinals has caused blocks to increase in size and commission payments to miners to rise, as Bitcoin’s Taproot usage skyrockets by 800%.
NFT Market Roars Back from Pre-Luna Crash with $2 Billion in Trading Volume
The NFT market has continued to exhibit bullish on-chain metrics seen in January throughout the month of February. The total NFT trading volume reached an impressive $2 billion, which is a value not seen since before the Luna crash.
NFT Project Doodles Released DoodleMAP Detailing Plans for the “Doodleverse”
The project aims to use blockchain technology to create a new format for storytelling and identity, and to build a unique entertainment and lifestyle experience for its community.
