The Bitcoin blockchain has seen a surge in Ordinal inscriptions, as creators and artists have found a new way to monetize their artworks via blockchain technology. In the past month, numerous collections have been launched, 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 Bitcoin Toadz recently sold #4913 for 2.5 ether, and another sold for 2.8 ether.
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. There have been some critics of the Ordinals trend who have called it “spam” in comparison to older generation Counterparty-issued assets.
What do you think about all the Ordinal inscriptions and collections on the Bitcoin blockchain? Let us know what you think about this subject in the comments section below.