Top 5 Bitcoin Ordinals NFT Collections Making Waves Right Now

The introduction of Ordinal Theory has given birth to a new type of NFT inscribed directly on the Bitcoin blockchain, ushering in a new era of on-chain Bitcoin NFTs.

Read on to learn about what Ordinals are, how they enable the creation of Bitcoin NFTs and discover a list of five popular Bitcoin Ordinals NFT collections worth checking out.

What are Bitcoin Ordinals NFTs?

Created by Bitcoin developer Casey Rodarmor, Ordinal Theory is a numbering scheme that assigns each Satoshi a number so that each sat can be tracked and transferred. These numbers are referred to as Ordinals, and each Ordinal is numbered in the order in which it is mined.

The creation of Ordinals makes it possible to link digital assets, such as security tokens, stablecoins or NFTs, to an Ordinal.

Through a process called inscribing, Ordinals can be inscribed with content (such as image or video files) to create on-chain crypto collectibles, which Rodarmor refers to as digital artifacts. These digital artifacts have now become known as Bitcoin NFTs.

The difference between regular NFTs found on Ethereum, and other smart contract-enabled layer-1 chains, is that this new type of Bitcoin NFT is stored forever directly on the Bitcoin blockchain, while traditional NFTs are stored in a third-party database and aggregators. essentially only has ownership of the link to that file in the crypto wallet.

Bitcoin Ordinal NFTs are therefore much more appealing to collectors who want to keep their NFTs for a long time, as they do not have to worry about their NFT disappearing.

5 Popular Bitcoin Ordinals NFT Collections

Let’s look at some of the Bitcoin NFT collections that emerged as favorites in the early days of Ordinal’s NFT market.

Bitcoin Shrooms

Bitcoin Shrooms tops our list as one of the first Bitcoin Ordinals NFT collections created. The first shroom was Inscription 19, created by an unknown group of people, alluding to the mystery and anonymity of the Bitcoin blockchain. Currently, only 210 Bitcoin Shrooms are written into the Bitcoin blockchain, which are referred to as ‘Digital Artifacts’ on their website.

The Shrooms collection is yet to be auctioned or sold by its owners, with the collection’s Twitter page saying its Discord page is closed. With that, many collectors are excited about when Shrooms will finally go on sale.

Ordinal Punks

The other Bitcoin Ordinals collection that is gaining popularity is Ordinal Punks collection celebrating the famous Crypto Punks collection of NFTs. Ordinal Punks have 100 different ‘punk’ characters, with the first Ordinal Punk recorded as inscription 642 on the Bitcoin blockchain.

Currently, the collection, created by an anonymous person known as FlowStay, is on sale, with the lowest bid at 3.7 BTC while the highest is at 50 BTC (although it is difficult to verify whether these bids are legitimate). The sale is currently managed on the collection’s Discord channel, and a shared Google Sheet listing the bids!

Taproot Wizards Ordinals

Taproot Wizards is a hand-drawn collection of 2101 Wizards created by developer Udi Wertheimer in collaboration with Luxor, one of the largest Bitcoin mining companies. This collection is known for the largest transaction ever processed on the Bitcoin network, with the first inscription, inscription 652, occupying a space of 4MB.

Taproot Wizards is currently being shared, with some of the collection’s followers receiving their wizards through tweeting equivalent to the 4MB block inscription. Most of the news about the project and distribution is communicated via the collection’s Twitter and Discord pages.

Ordinal loops

The Ordinal loops the project is a Bitcoin Inscription collection that aims to have Bitcoin artifacts that represent the philosophy and ethos of Bitcoin and how the network brings change to the world.

The Ordinals team, whose members are unknown, has created two chapters in the project. The first is known as the ‘Do Not Fiat’ series. It depicts Bitcoin’s role in working against the major fiat currencies. The second series is ‘Roots of Immutability’ which celebrates the seven hashes that have significantly influenced the Bitcoin network. The third collection has not yet been released.

The items in the collection are up for sale on the project’s Discord group, with one of the highest bids currently worth 4,178 BTC. However, Ordinal Loops donates a portion of their proceeds to Bitcoin-based projects such as the Bitcoin Policy Institute, the Open Sats Legal Defense Fund, and Casey Rodarmor’s 21st OpenDime. Furthermore, object number 4 was not sold to the public, but instead is held together by a group of 21 people in what they call a ‘SATDAO’.

Ordinal Loops is considered one of the first inscriptions, with the first object being inscription 452.

Bitcoin Rocks Ordinals

Bitcoin Rocks has been created by Ordrocks and pays homage to the famous ‘Ether Rocks’ collection, which was among the most prolific NFT collections on Ethereum. The collection has one of the earliest inscriptions on the Bitcoin blockchain, with the first rock being inscription 71. Ordrocks has inscribed 100 Bitcoin Rocks since then.

Despite not having a website, Bitcoin Rocks Ordinals has an active Discord group and a Twitter account that keeps people updated on the collection. The highest bid for a Bitcoin Rock is currently 1000 BTC, although it is difficult to determine if it is real.

Where to store your Bitcoin Ordinals NFTs?

To store your Bitcoin Ordinal NFTs, you currently only have the choice of a handful of Bitcoin wallets that provide Ordinal support.

Xverse has apparently emerged as the most popular Bitcoin wallet to store and manage Bitcoin Ordinals NFTs. The wallet also allows you to enter Ordinals using the wallet’s Chrome extension or mobile app, allowing anyone to create Bitcoin NFTs easily and simply.

Hiro Wallet, Sparrow Wallet and Ordinals Wallet also allow you to store your Bitcoin Ordinals, with more wallets expected to follow given the rapidly increasing popularity of Ordinals.

While Bitcoin Ordinals are currently only traded over-the-counter (OTC), several NFT marketplaces are already working to support these new types of NFTs. Gamma, for example, already allows users to create image and text-based Bitcoin Ordinal NFTs and allows users to view collections of Ordinals.

What will the future bring?

As more Bitcoin Ordinals NFTs collect, it will be interesting to see what impact Ordinals will have on the Bitcoin network and the wider NFT collecting community.

While some Bitcoiners worry that it could affect Bitcoin’s mission to become the best money we’ve ever had, others believe that the fact that they’re bringing fun back to Bitcoin will be a net positive for Bitcoin adoption.