Ordinals


Tech

Bitcoin-Based Digital Art Image 'Genesis Cat' Sells for $254K in Sotheby's Auction

The sale of the digital image from the Taproot Wizards project came as popularity surges for the NFT-like creations minted atop the Bitcoin blockchain's Ordinals protocol. All in, some 19 lots sold by Sotheby's raked in a combined $1.1 million.

Genesis Quantum Cats inscription from Taproot Wizards (Taproot Wizards, modified by CoinDesk)

Finance

Donald Trump's NFTs Have Limits Normal Ones Don't

Buyers of these Bitcoin ordinals can't trade them for almost a year.

Donald Trump pitching his NFTs (CollectTrumpCards.com)

Tech

Taproot Wizards, Bitcoin Ordinals Project That Raised $7.5M, to Sell 'Quantum Cats' Collection

The "NFTs on Bitcoin" project has capitalized on the popularity of the controversial Ordinals protocol, which has generated a flurry of interest in the original blockchain but added to congestion and higher fees.

Genesis Quantum Cats inscription from Taproot Wizards (Taproot Wizards, modified by CoinDesk)

Tech

Bitcoin ETF Chaos Memorialized on Blockchain, With Nod to 'Chancellor on the Brink' Reference

Jokester pays $2.97 to record the one-liner "SEC Chairman on the brink of second ETF approval" on the blockchain.

Screen grab from Bitcoin transaction showing the line embedded using the OP_RETURN function, "SEC Chairman on the brink of second ETF approval." (Mempool.space)

Tech

Bitcoin Developer's Proposal to Stop 'Spam' NFTs Gets Shut Down

Luke Dashjr's technical proposal sounded innocuous enough: to make the popular Bitcoin Core software "effective with newer datacarrying styles." In reality, the effort represented a sophisticated but controversial plan to block the suddenly popular "inscriptions" known as "NFTs on Bitcoin."

Image of some of Luke Dashjr's proposed code changes, from pull request #28408. (GitHub, modified by CoinDesk)

Tech

BRC-20 Marketplace, Creator Take Opposing Positions on Proposed Network Upgrade

BRC-20 marketplace UniSat said it will follow a proposed change in the token standard that has met with opposition from Domo, the pseudonymous creator of BRC-20.

Opposition conflict chess (Artur Shamsutdinov/Unsplash)

Videos

Bitcoin Fees Climb as Ordinals Hype Gives Windfall Profit to BTC Miners

Bitcoin (BTC) miners are enjoying windfall profits as transaction fees spiked to the highest since April 2021 due to rising Ordinals inscriptions. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

CoinDesk placeholder image

Markets

Bitcoin Fees Spike to 2-Year High as Ordinals Bonanza Gives Windfall Profit to BTC Miners

Share prices of publicly listed bitcoin mining companies are "on fire" thanks to high transaction fees, one analyst said.

Bitcoin mining rigs at Kryptovault's facility in Hønefoss, Norway. (Image credit: Eliza Gkritsi/CoinDesk)

Tech

'Bitcoin NFT' Hysteria Comes to Sotheby's as Super-Mario-Style Mushroom Character Tops $200K

In the historic auction house's first-ever sale of the Ordinals inscriptions known as "NFTs on Bitcoin," a batch of three pixelated images from a mushroom-themed collection drew about $450,000, or roughly five times the highest estimates.

Screenshot of BitcoinShrooms website showing items from the collection. (Bitcoinshrooms.com)

Consensus Magazine

Casey Rodarmor: The Bitcoin Artist

His "Ordinals Theory," allowing data inscription on Bitcoin, generated a backlash from Bitcoiners who said it will ruin the network. But Rodarmor remains undeterred.

Casey Rodarmor, who shook up Bitcoin with Ordinals (Rhett Mankind)