Bitcoin Ordinals non-fungible tokens (NFTs) may be losing style as trading and sales volume crashed over 99% since May, according to a new report from DappRadar. The crypto tracking platform described the decline as “alarming.” Published Aug. 17, the report
Software developer Udi Wertheimer made sensational claims on Twitter this week, suggesting Bitcoin founder Satoshi Nakamoto supported the first NFT transaction on the Bitcoin blockchain – the sale of a picture worth 500 BTC. His comments come as Casey Rodarmor’s
The average cost of sending a transaction over the Bitcoin (BTC) blockchain soared 960% to $31.14 since the start of this month, according to BitInfoCharts data, driven up by bitcoin NFTs made with the Ordinals protocol. Created by software developer
When software engineer Casey Rodarmor launched the Ordinals protocol three months ago, the NFTs market had lost steam from its 2021 peak. Now, the protocol has triggered a lot of interest, with crypto enthusiasts embedding a total of 385,000 “inscriptions”
Ordinals “sparked a fire” for NFTs built on Bitcoin, according to Stacks founder Muneeb Ali. However, fundamentalists criticized the protocol as an affront to Bitcoin’s founding ethos of facilitating peer-to-peer financial transactions. Software engineer Casey Rodarmor launched Ordinals on the
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