• The Bitcoin blockchain now contains over 150,000 Ordinal inscriptions as creators and artists monetize their artworks using blockchain technology.
• Popular collections such as Ordinal Punks, Inscribed Pepes, Satoshi Punks, Block Munchers, Ordinals Eggs and Based Apes have been launched in the past month.
• Some of these NFTs can sell for significant prices, with the highest floor values belonging to Cryptopunks and Bored Ape Yacht Club (BAYC).
Growing Use of Bitcoin Blockchain for Ordinal Inscription Collections
The use of Bitcoin blockchain for creating digital collectibles is on the rise as more than 150,000 Ordinal inscriptions have been released in the past month. This has provided creators and artists a new way to monetize their artwork through blockchain technology.
Popular Collections on Bitcoin Blockchain
Several collections created on the Bitcoin blockchain are currently attempting to establish themselves in this emerging market. Popular collections include Ordinal Punks, Inscribed Pepes, Satoshi Punks, Block Munchers, Ordinals Eggs and Based Apes among many others. These Non-fungible tokens (NFTs) have become known as “blue-chip” collectibles due to their high floor values that are maintained by Cryptopunk and Bored Ape Yacht Club (BAYC).
Significant Value Attached to Certain Collections
Certain collections like Ordinal Punks are selling at considerable prices due to its limited availability of only 100 characters compared to 10,000 available Cryptopunks. Other popular collections include Rare Pepe NFT collection made with Counterparty, various versions of pixelated punk characters such as Punkz on Bitcoin; Satoshi Punkz; DOS Punk 256; Yeti Bit Club; Immortal Pepes among others.
Creators Monetizing Art With Blockchain Technology
Creators and artists have found a great opportunity to monetize their artworks using blockchain technology via creating digital collectibles or Non-fungible Tokens (NFTs). These tokens are recorded on a public ledger known as the blockchain which provides transparency and security against fraudulent activities or manipulation of data. This makes it easier for people who wish to sell or trade these tokens without any third party intervention or middleman interference thus providing greater returns for creators/artists who create them.
Conclusion
With more than 150k ordinal inscriptions now existing in the bitcoin blockchain ecosystem it is clear that creators/artists have found an effective way of monetizing their artwork using this revolutionary technology. Moreover with so many different collections being launched every day it will be interesting to observe how these projects evolve over time as well as what new opportunities arise from this ever growing market!