Bitcoin Stamps Surpass 18,000 Collectibles, Creativity Takes Center – Bitcoin News

With the latest non-fungible token (NFT) trend on the Bitcoin blockchain, known as Bitcoin Stamps, users have issued more than 18,000 digital collectibles on the network. Although this figure falls short of the number of Ordinal inscriptions, stamp makers are exploring new ways to exploit this technology.

The number of Bitcoin stamps rises above 18,000

Just 17 days ago, Bitcoin.com News reported on the trend of Bitcoin stamps, as more than 8,000 stamps had been minted on the Bitcoin blockchain. Since then, the number has grown to 18,443 stamps. The trend of creating stamps began after the craze of Ordinal inscriptions, and proponents of stamp technology claim that it improves permanence, as stamps cannot be cropped as witness or signature data.

Stamp creation comes with a higher price tag than Ordinal inscriptions, and the creators suggest using “24×24 pixel, 8-color depth PNG or GIF” files to encode stamps. However, the creators have managed to develop high-resolution artwork using scalable vector graphics (SVG). Recently a user managed attach an MP3 to a postage stamp, and so was the classic game Snake attached to a stamp.

Although still in the early stages, stamps are sold over-the-counter (OTC) and through Emblem Vault sale. The Hiro wallet, which supports Ordinal inscriptions, expressed interest in adding support for Stamps in the future, and welcomed Hiro Wallet pull requests on the team’s Github page. In addition, the Rare Stamp platform is an online portal that analyzes Bitcoin-based stamps, showing prices and collections.

Collections include Stampunks, Bitcoin Flocks, Broken JPGS, Stamp Pepes, Stamp Pepes Not, Stamp Wizards, Pixel Gods, Classic Arcade, Depepes and more. Stamp #791 from the Stampunks collection has a base value of 0.05 BTC or $1,365. While the number of stamps is approaching the 20,000 mark, the number of Ordinal inscriptions has passed 1.3 million inscriptions as of April 22, 2023. On the same day, the number of Ordinal inscriptions on the Litecoin blockchain 224,059.

What do you think the future holds for the Bitcoin Stamps trend and how can stamp creators continue to push the boundaries of this innovative technology? Share your thoughts in the comments below.

Jamie Redman

Jamie Redman is the news editor at Bitcoin.com News and a financial technology journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.