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Author: Admin | 2025-04-27
Salomon KistersDec 13, 2023This post may contain affiliate links. If you use these links to buy something we may earn acommission.Thanks!The Bitcoin Ordinals protocol lets you create non-fungible tokens (NFTs) directly on the Bitcoin blockchain. It has gained attention in the world of digital currencies since its launch in 2021. More than 10 million Ordinals have been created as of now.However, if you’re new to NFTs, knowing your way around Bitcoin NFTs might be challenging. If you’d like to explore Ordinals, this blog discusses key things about Bitcoin NFTs that will help you find, make, and buy them on Ordinals marketplaces.Table of ContentsWhat Are Bitcoin NFTs?A Short History of NFTs on BitcoinHow Do Bitcoin NFTs Work?Why Should You Invest in Bitcoin NFTs?How Do You Buy, Create, Sell, and Trade Bitcoin Ordinals NFTs?How Are Bitcoin Ordinals NFTs Different From Other NFTs?Some Popular Bitcoin NFT CollectionsFinal ThoughtsWhat Are Bitcoin NFTs?Bitcoin NFTs, also called Bitcoin Ordinals, are special tokens in the Bitcoin ecosystem. They’re made using the Ordinals protocol, giving each digital item a unique number on the lowest denomination of a Bitcoin (BTC) named satoshi. This makes them rare and valuable and protects the creator’s intellectual property (IP).These special tokens were created because the Bitcoin network got better with upgrades like SegWit and Taproot. These upgrades make complicated transactions easier and hide signatures, making the system work better.Bitcoin is divided into small units called satoshis, and the Ordinals protocol lets people inscribe data on each satoshi, turning them into Ordinals or NFTs on the Bitcoin network. However, there are notable differences between Ordinals and NFTs.Bitcoin NFTs can be used for all sorts of things like digital art, music, videos, or even intellectual properties in the online world. They’re like special certificates for digital assets.A Short History of NFTs on BitcoinThe idea of NFTs on Bitcoin dates back to 2012 when the Colored Coins project began. Colored coins are special bitcoins marked differently from regular ones. It was the first step toward having NFTs on the Bitcoin blockchain.Making NFTs on Bitcoin was harder than on other networks like Ethereum. That’s because Bitcoin has
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