Grayscale published an article on its official website about BTC Ordinals. The article stated that Ordinals effectively created an NFT on the Bitcoin network. Represents one of the larger opportunities for Bitcoin adoption, especially as the Bitcoin network has historically been viewed as a rigid blockchain ecosystem. We believe that Ordinals have a positive impact on the Bitcoin network in two key ways: 1. Lead to increased Bitcoin miner fees, and 2. May facilitate cultural transformation within the Bitcoin community. the
Furthermore, unlike ERC721, Ordinals present a direct representation of non-fungible digital assets due to their immutable nature, lack of programmability, and mandatory on-chain inscription requirements. Although Ethereum NFTs have greater programmability and currently dominate the NFT market in terms of volume and popularity, for those looking for direct, scarce digital assets on the most mature blockchain available, Ordinal Might be an attractive option.
Furthermore, unlike ERC721, Ordinals present a direct representation of non-fungible digital assets due to their immutable nature, lack of programmability, and mandatory on-chain inscription requirements. Although Ethereum NFTs have greater programmability and currently dominate the NFT market in terms of volume and popularity, for those looking for direct, scarce digital assets on the most mature blockchain available, Ordinal Might be an attractive option.