Bitcoin Ordinals Set New Record With BRC-20 Token Standard, Details Inside
Bitcoin Ordinals have set a new record with the BRC-20 token standard. The BRC-20 token standard is a new protocol that allows for the creation and issuance of tokens on the Bitcoin blockchain, and that it has seen significant adoption in recent months.
News Wrapup-Afternoon Version: ChatGPT and AI Must Pay for the News it Consumes: News Corp Australia CEO
Michael Miller has called for creators of artificial intelligence (AI)-fuelled applications to pay for the news and content used to improve their products.
Bitcoin Ordinals Daily Inscriptions Surge Due to ‘BRC-20 Tokens’
Bitcoin Ordinals have reached a new daily all-time high of 58,179 inscriptions, due to the recent creation of "Bitcoin Request for Comment" (BRC-20) tokens on the Ordinals protocol by a pseudonymous on-chain analyst named Domo in early March. The surge is believed to be driven by the recent creation of BRC-20 tokens, which utilize Ordinal inscriptions to deploy token contracts, mint tokens, and transfer tokens, similar to Ethereum’s ERC-20 token standard. The arrival of Ordinals and BRC-20 tokens on Bitcoin were enabled by the Taproot soft fork, which took effect on Nov. 14, 2021. Members of the Bitcoin community are still split on whether Ordinals is a good fit for the Bitcoin ecosystem. (cointelegraph)
Bitgo Launches Storage and Tracking Solution for Bitcoin-Based Ordinal Inscriptions
Bitgo, a digital asset custody provider, has launched a storage and tracking solution for Bitcoin-based Ordinal inscriptions. Users can use Bitgo's solution to store and track inscriptions, and send "inscribed satoshis to an address of their choice safely." Transactions received into the Bitgo wallet are now checked for inscriptions and frozen to prevent the loss of inscriptions. Bitgo's dashboard has a new "Unspents" view that displays inscriptions and links to the public Ordinals explorer for more information. Bitgo's COO, Chen Fang, said the release of Bitgo's solution will securely store inscriptions and prevent them from being accidentally transferred or sent to mining fees.
Crypto Custody Firm BitGo Releases Security Features Aimed at Bitcoin Ordinals
Crypto custodian services provider BitGo released security features designed to protect owners of Bitcoin Ordinals Inscriptions, which allow people to inscribe text, images and even videos directly on the Bitcoin blockchain.
Bitcoin Ordinals Expands Into Magic Eden
Popular NFT marketplace Magic Eden has launched its own marketplace for Bitcoin [BTC] Ordinals, capitalising on the growing interest in “Bitcoin NFTs.”
Crypto Morning Briefing: U.S. IRS Seeks to Tax NFTs Like Other Collectibles
Magic Eden, Solana's Largest NFT Marketplace, Adds Bitcoin Ordinals Support for On-Chain Media Storage; Sony Files Patent For NFTs To Allow Transfers Between Games and Consoles; Google Releases Bard AI, Its ChatGPT Counterpart; Justin Sun Welcomes Hong Kong’s Extended Support to the VA Industry
Magic Eden, Solana's Largest NFT Marketplace, Adds Bitcoin Ordinals Support for On-Chain Media Storage
The largest Solana-based NFT marketplace, Magic Eden, has announced support for Bitcoin Ordinals, a protocol that enables the on-chain storage of media on the Bitcoin blockchain without the use of smart contracts.
What Are Bitcoin Ordinals and How Are They Different From Other NFTs?
Ordinals are NFTs with data fully stored or “inscribed” on the Bitcoin network.
What are BTC Ordinals? Are they Ape-able?
An overview of BTC Ordinals' quick facts, technical details, and prospective outlook.
