NiftyNoon: Are Bitcoin Ordinals the future of NFTs?
Bitcoin ordinals re-define the concept of a Bitcoin NFT (February 9, 2023)
Nifty Thought
Bitcoin NFTs are not new. In fact, they have existed in some form for almost 10 years. Nonetheless, ordinals have breathed new life into Bitcoin NFTs in a way we have not seen previously. Ordinals are a numbering scheme for satoshis (1/100 million of a Bitcoin). Once the satoshis are numbered, they can be tracked and transferred. They can then have NFTs inscribed so the inscribed NFT is sent whenever the satoshi is transferred. However, the NFT data is fully on-chain (not just linked to IPFS) so every full Bitcoin node must download all NFTs to properly sync.
While this technology is exciting and interesting, many of the ordinal collections minted today will be worthless in the long run. When people talk about historical significance with collectibles and art, they are really referring to cultural relevance historically. Being the first at something does not matter if people do not care about that thing. In this sense, it is unlikely future buyers will value projects like Bitcoin Punks highly. The cultural impact of having a clone of an Ethereum project on Bitcoin is very small in the long run. However, low token IDs could become highly coveted if ordinals persist as a vehicle for Bitcoin NFTs.
Project News
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Community News
Gamma launches no-code Bitcoin ordinal inscription tool:
Dingaling acquires 7 Ordinal Punks for a total of 15.2 BTC:


1337 teases upcoming Bitcoin ordinal drop:
Community discusses Dookey Dash botting claims:
Quick Stats:
OpenSea ETH Daily Volume: 9,127 ETH (▲ 21.11%)
Blur ETH Daily Volume: 11,144 ETH (▲ 22.27%)
BTC: $22,668.45 (▼ 2.2%)
ETH: $1,631.59 (▼ 2.56%)
Solana: $22.71 (▼ 4.59%)
Polygon: $1.32 (▲ 1.09%)
NFT Daily Winners:
🧝🏼♀️ DigiDaigaku: 10.78 ETH (▲ 5.69%)
🧟 Mutant Ape Yacht Club: 14.49 ETH (▲ 2.77%)
🏳️🌈 Chromie Squiggles: 14.25 ETH (▲ 1.79%)
🚬 CryptoPunks: 63.95 ETH (► 0.00%)
⛩️ Azuki: 13.39 ETH (► 0.00%)
NFT Daily Losers:
🦉 Moonbirds: 7.17 ETH (▼ 0.09%)
🧬 Clone X: 5.05 ETH (▼ 1.19%)
🐧 Pudgy Penguins: 5.41 ETH (▼ 1.49%)
🌈 Doodles: 6.04 ETH (▼ 2.0%)
🦧 Bored Ape Yacht Club: 73.96 ETH (▼ 2.23%)
🐈⬛ VeeFriends: 4.35 ETH (▼ 3.33%)
🥃 Proof Collective: 17.87 ETH (▼ 7.72%)
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