Are Bored Ape NFTs Coming to Bitcoin? – The Cryptonomist
There are rumors about it the famous NFT Bored Ape Yacht Club collection may soon be minted on Bitcoinwith permission from Ordinals the protocol, especially since CryptoPunks’ 10,000 non-fungible tokens are already (though not in an official capacity).
The rare NFT Bored Ape mint on Bitcoin is already a reality
Apparently, the NFT-loving community is moving from Ethereum to Bitcointhanks to Ordinals protocol, with the famous collection of Bored Ape NFTs expected to join the list soon.
And there are actually those who claim that this has already happened. As Bitcoin Magazine claims with a separate tweet, which it shares which would have already performed the minting of a BAYC NFT on the Bitcoin Network, burning the related NFT from the Ethereum Blockchain:
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— Bitcoin Magazine (@BitcoinMagazine) 13 February 2023
Initially, the account Jason A. Williams posted how he continued to burn BAYC #1626 from the Ethereum network, to mint it through the Ordinals protocol on Bitcoin’s Blockchain.
Bored Ape NFT on Bitcoin Ordinals by CryptoPunks
The excitement of the NFT community to see Bored Ape NFT minted on Bitcoin through Ordinals comes after that 10,000 Bitcoin Punks, the copy of the whole 10,000 CryptoPunk’s NFT collection, was marked.
12 years ago I was mining Bitcoin on a gaming PC in my parents’ basement.
Today we just made the first 10k NFT collection on Bitcoin.
Thanks to everyone, but most importantly @cryptopunksnfts. ❤️@Bitcoin_Punks_ + pic.twitter.com/BV0a6KmrWj
— Robert Clarke (@robertjfclarke) 9 February 2023
At this point, the problem with these minted NFTs on Bitcoin Ordinals faces the complications that there is currently no secure marketplace to transfer new Bitcoin NFTs between individuals. Affected community members must engage with each other for over-the-counter (OTC) trading using the Sparrow wallet.
This can result in fraudsters who take advantage of the situation to deceive inexperienced people to steal BTC from them.
By the way, the Bitcoin Punk collection is not an official Yuga Labs collection, and so the community is now indecisive about how to proceed. Nevertheless, there are many enthusiasts who prefer the BTC network over ETH and are following in this direction.
Ordinals and NFTs on Bitcoin: Amid Criticism and Enthusiasm
Last month, the Ordinals protocol created by software engineer Casey Rodarmor officially launched program on the Bitcoin mainnet that enables the creation of NFTs.
These are “digital artifacts” such as JPEGs, PDFs, or video or audio formats in their NFT format that the protocol allows to evolve into their Bitcoin version.
Such news triggered tension and criticism on the social network of crypto lovers Twitter. Among many, some accused Ordinals of trying address Bitcoin’s principleswhile for other Ordinals is one experiment with developing Bitcoin to expand its use cases.
