The world of blockchain technology has opened up a new avenue for creators and artists to monetize their artworks. With more than 150,000 Ordinal inscriptions on the Bitcoin blockchain, numerous collections have been launched in the past month, such as Ordinal Punks, Ordinal Penguins, Bitcoin Shrooms, Inscribed Pepe, Planetary Ordinals, Based Apes, Satoshi Punks, Ordinals Eggs, Block Munchers, and more.
These collections are similar to ideas stemming from popular Ethereum collections, such as the Bored Ape Yacht Club (BAYC), Cryptopunks, Azuki, Moon Birds, Doodles, Mutant Ape Yacht Club (MAYC), and others. Some of these non-fungible tokens (NFTs) have become known as “blue-chip” NFTs, as they have maintained significant value and have been selling on the open market for several years.
Other collections include Punks on Bitcoin, Satoshi Punks, DOS Punk 256, and Yeti Bit Club. There are also numerous collections dedicated to Pepe the frog, including Inscribed Pepes and Immortal Pepes. Other well-known collections include Ordinal Rocks, Block Munchers, Ordinal Penguins, Bitcoin Toadz, XC Pinata, Ordinal Eggs, Planetary Ordinals, Ordinal Smokes, and Based Apes.
Ordinal Punks have been selling for considerable value and just recently someone traded Cryptopunk #4155 for Ordinal Punk 16. Most Ordinal Punks are selling for prices between 3.7 BTC and 5.4 BTC, and three days ago Ordinal Eggs said it saw 4 BTC in over-the-counter (OTC) volume. Bitcoin Toadz recently sold #4913 for 2.5 ether, and another sold for 2.8 ether.
The creator behind Ordinal Shards, a collection of 100 shards inscribed to the Bitcoin blockchain, said sales have been in both ETH and BTC. Besides the collections talked about on social media, there’s a great number of Ordinal inscriptions on the chain, that could be collections in the future or have some unknown meaning.
The Ordinal inscription trend is still young, but several collections are attempting to establish themselves in this emerging market. With NFT sales volume seeing a small uptick this week, Moonbirds and Mutant Apes have taken the top sales. It will be interesting to see how the Ordinal inscription trend develops in the coming months.