Here’s what makes Bitcoin (BTC) NFT ordinals different

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Pseudonymous NFT founder Dotta (@cryppadotta on GitHub), creator of the first ever license for the ERC721 token Dotlicense and CEO of the Forgotten Runes Wizards Cult ecosystem, praises Ordinal’s NFTs on Bitcoin (BTC). Why?

Experienced NFT developer at Ordinals: More flexible, more privacy focused, what else?

Yesterday, February 17, 2023, Dotta shared a Twitter thread to reflect on the popularity of Ordinals, a type of NFTs on the Bitcoin (BTC) blockchain. Despite being in its infancy, the concept has a number of “striking” advantages compared to its Ethereum-based predecessors.

First, the Ordinals concept prioritizes the privacy of the token creator: each release needs its unique wallet, so tracking “NFT whales” becomes more difficult than on Ethereum (ETH).

Then Ordinals cannot support off-chain data. There is no option to attach a file from IPFS hosting, let alone AWS or other Web2 cloud storage.

Surprisingly, despite the concept of Ordinals looking sophisticated, it is much easier to create NFTs on Bitcoin (BTC) than on an EVM compatible blockchain. There is no need to write and deploy a smart contract: the content can be tokenized with a single command.

No roadmap, no royalties, no expectations

In addition to this, Ordinals would easily support other types of content beyond jpeg images or short text documents. Both HTML pages and 3D models are very rare on Ethereum (ETH): ordinals unlock new tokenization possibilities for them.

Last but not least, so far this segment is not affected by the characteristics of VC-backed Web3 products: no roadmap is released, and no marketplace charges creators with fees. As such, no “expectations” will trigger unhealthy hype around the product.

As covered by U.Today earlier, some analysts have already attributed the recent rise in the price of Bitcoin (BTC) to the rise in popularity of Bitcoin (BTC) NFTs.