Post
Topic
Board Development & Technical Discussion
Re: NFTs in the Bitcoin blockchain - Ordinal Theory
by
larry_vw_1955
on 24/08/2023, 02:35:06 UTC

They're not even doing anything with the BRC-20 tokens, they're just minting them because somebody like Leonidas told them to. The only real winner here is the service, and those who have a stake in the success of the service.

Much like the jpeg inscriptions, this is 100% hype driven and will not last.

https://cointelegraph.com/news/bitcoin-ordinals-nft-trading-volume-tanks-98-since-may-dappradar

would you agree with that article? it seems about right what i would have expected. but the entire nft market is in a slump. these things don't just go up forever. there have to be corrections. but for people to try and sue because they were stupid enough to buy a jpeg image for millions of dollars i hope they don't get anything.

https://arstechnica.com/tech-policy/2023/08/buyers-of-bored-ape-nfts-sue-after-digital-apes-turn-out-to-be-bad-investment/