NFT veteran dotta explains what is special about Ordinals NFTs $BTC
Pseudonymous NFT entrepreneur Dotta , the creator of the first-ever license for ERC721 tokens Dotlicense and CEO of Forgotten Runes Wizard's Cult ecosystem, praises Ordinals NFTs on Bitcoin . Why?Yesterday, on Feb. 17, 2023, Dotta shared a Twitter thread to reflect on the popularity of Ordinals, a sort of NFTs on the Bitcoin blockchain. Despite being in its nascent stage, the concept has a number of"striking" advantages compared to its Ethereum-based predecessors.
Then, Ordinals cannot support off-chain data. There is no possibility to attach a file from IPFS hosting, let alone AWS or any other Web2 cloud storage.Surprisingly, despite the concept of Ordinals looking sophisticated, it is much easier to create NFTs on Bitcoin than on an EVM-compatible blockchain. There is no need to write and deploy a smart contract: the content can be tokenized by a single command.
Last but not least, so far, this segment is not affected by the attributes of VC-backed Web3 products: no roadmaps are released, and no marketplace charges creators with fees. As such, no"expectations" would trigger unhealthy hype around the product.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $25,000 Following Recent Surge – Market Updates Bitcoin NewsBitcoin fell below the $25,000 mark on Friday, as markets moved into consolidation, following recent gains.
Leer más »
Bitcoin (BTC) May Go to Zero If This Happens, Says Bitcoin VeteranCobra's comments were in response to article highlighting how many developers are leaving Bitcoin or contributing less because of legal risk and burnout
Leer más »
Key Reasons Why Bitcoin (BTC) Just Hit $25,000 for the First Time Since AugustThe largest cryptocurrency has revisited the $25,000 level for the first time in eight months
Leer más »
Bitcoin (BTC) Prints Extremely Important Signal That Historically Led to Massive RalliesBitcoin (BTC) flashes rare signal that produced massive rallies in past BTC $BTC
Leer más »
Bitcoin (BTC) Price Flashes 'Rare Massive' Buy SignalRare and massive buy signal for Bitcoin is an important development that is likely to spark renewed interest in the cryptocurrency
Leer más »
Bitcoin metric prints 'mother of all BTC bullish signals' for 4th time everBitcoin may yet enter a 'raging' bull market thanks to a BTC price metric breaking out for the 4th time ever.
Leer más »