Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: On Ordinals: Where do you stand?
by
nutildah
on 02/03/2023, 15:41:56 UTC
⭐ Merited by JayJuanGee (1)
In any case, there are many bitcoiners in social media that say NFTs in bitcoin are dead but it might only be the beginning, I reckon.

The beginning of NFTs on Bitcoin actually goes all the way back to the first 1 of 1 token on Counterparty, which is OLGA, issued on Jun 12, 2014. A cool thing about OLGA is its artwork is actually stored on-chain, though it wasn't added until a bit more than a year later. This is the transaction that uploaded the artwork (it is Counterparty-encoded):

https://www.blockchain.com/explorer/transactions/btc/627ae48d6b4cffb2ea734be1016dedef4cee3f8ffefaea5602dd58c696de6b74

Then of course it was followed by several other proto-NFT projects on Counterparty, including NILIcoins, Spells of Genesis, and most famously, Rare Pepes.

It can be argued that it might bring more adoption on bitcoin.

Assuredly.