Bitcoin Ordinals recently featured news of the latest sale of an inscribed poem titled “Cord” by Ana Maria Caballero for 0.28 Bitcoin ($11,430) as part of Sotheby’s online event, Natively Digital auction. Just a few days prior, Taproot Wizards, on a mission to restore the magic of Bitcoin, concluded their inaugural collection sale of “Quantum Cats”. The 3,000-piece collection, each priced at 0.1 BTC, generated a total revenue of ~$13 million.
During the Ethereum NFT bull run in 2021, several well-known artists inscribed their art on the Bitcoin blockchain, while others focused exclusively on creating new pieces for Ordinals. Regardless of the approach, it's clear that Ordinals NFTs are experiencing rapid growth.
The latest stats show that as of January 2024, there are over 59,599,601 total inscriptions, which have generated more than 3,394 BTC in total inscription fees and accumulated over 15.1 GB of stored data.
As these NFTs for the Bitcoin blockchain celebrated their 1st birthday in January, let's take a look at some of the top Ordinals projects that participated from the very beginning.
*The following stat images are taken from Magic Eden - NFT marketplace supporting Bitcoin Ordinals.
Released in May 2023 by Metagood, OCM Dimensions is a collection of 3D animated inscriptions featuring high-resolution artwork. A pioneering feature of this collection is its utilization of 3D art, rendering directly from Bitcoin, providing pixel-perfect clarity even on 8K displays. Each masterpiece in the collection is inscribed on Satoshis from January 2009. The collection consists of 300 pieces of Bitcoin Ordinals, each with 7 traits and 141 attributes. The mint price for each piece was 0.08 BTC.
An exclusive collection on Ordinals features the very first 23 covers of Bitcoin Magazine—the oldest widely known source of information, news, and expert commentary on Bitcoin. The art comprises the cover pages of the magazines, representing the publication’s journey from 2012 to Bitcoin’s 10th anniversary in 2019. Each winner of the Historic cover inscription receives a physical copy of Bitcoin Magazine, emphasizing the unique history and scarcity of these publications.
MegaPunks, a collection of 10,000 Ordinal NFTs developed by Megapont, showcases distinctive yellow backgrounds and pixel characters in a three-quarter view. They stand out as one of the initial 10k projects on Ordinals. Megapont has cultivated a dedicated community, with an outstanding 70% unique holder count for the collection.
This collection comprises 10,000 pieces of art inscribed on the Bitcoin blockchain, each represented by serialized satoshis known as "ordinals." Despite their size, each whale holds significant potency. Behind the project lies a community of creators, philanthropists, and entrepreneurs driven by a desire to leave a lasting mark on the world of ordinals.