The Wizardry of Shadow Hats 🪄
We dive into how we executed the technical side of the
@theshadowhats
collection from
@forgottenrunes
, by performing a "summoning ritual" network graph.
This is a must-read if you're a fan of fantasy + tech + ordinals!
🚨 Giveaway Alert ‼️
🍀 1 lucky winner gets a
#Bitcoin
Punk:
To Participate:
1️⃣ Like & Retweet
2️⃣ Join us over on:
🥇 The first 1,000 discord members get a inscribed Gold Badge
@raphjaph
recently merged
@rodarmor
's Recursive Inscriptions PR.
Recursion opens up a lot of interesting new mechanics for Inscriptions, such as making Inscriptions "larger" than 4mb 👀
What really is "recursion" and what might it mean for the future of Inscriptions?
We're doing some analysis on which collections have outperformed Bitcoin since mint. Here's a few we're starting with. What other collections should we include?
@banditsbtc
5x over BTC
@DogePunksBTC
44x over BTC
@BitcoinFrogs
726x over BTC
@OrdinalMaxiBiz
Red & Blue Eyes 10.3x…
1 million
#Bitcoin
Inscriptions! 💥 💥
✅ 1,000+ collections
✅ $4.6 million+ in network fees
✅ ~$20m in marketplace trading volume
Here's how we got to 1 million 🖼️ 🧵
What is CBRC-20?
CBRC-20 is a more efficient token standard that works a lot like BRC-20 but it up to 60% cheaper to mint/transfer. It takes advantage of the Inscription metadata field & other newer features in the ord client
Read more 👇
We have some exciting news..
You may notice a cleaner look to our site today. That is because the team at Luxor just re-built it over the weekend.
@LuxorTechTeam
has entered the chat officially and acquired
@ordinalhub
.
Honey Badgers Collection Deep Dive 🍯
Honey Badgers is one of the many contenders for "first 10k" Inscription Collection (and probably the most slept on!). Now the floor price is 2x and buying activity is heating up 🌶️
Let's take a look 👇
It’s LIVE frens! 🪄 ✨
🍭 lots of fun metrics for the inscriptions space to play with
👽 Track inscriptions ordinals collections by Market Cap, Volume, Floor prices and much much more is coming
Drop a 💚 for we keep focused on accelerating the infra, we’re just getting…
Ordinal Rugs are outperforming the market, let's dive into this collection!
@ordinalrugs
by
@bitarchon
is a collection of 147 tributes to significant "rugging events". The collection also leverages the $RUG token on the "Rings" standard
Holders of
@null_ish
's The Final Pattern really like the project 👀
The "average" address owns 2 Inscriptions and many of the top holders have collected several 🏎️
There are a TON of builders out there working fast to create the plumbing needed. We’re all aiming to remove friction & risk as well as increase awareness for ordinals on
#Bitcoin
.
We are thrilled to announce that
@cbspears
&
@Psifour
have officially joined the
@LuxorTechTeam
team to focus on building out the ordinals ecosystem and OrdinalHub product suite.
They are not just top-notch in the field but also amazing people.
Collection Deep Dive:
@BitcoinBearsOrd
Bear Cubs 🐻
This sub 1 million collection is consistently one of the highest traded collections on the market. Let's take a look at the charts to see if the bears are going to hibernate for the winter (hint: doesn't look like it!)
We spent some time to compile a list with many of the hottest Ordinals-focused Twitter Spaces & shows. Let's dive in! 👇
1.
@TheOrdinalShow
, Monday mornings + Wed afternoons.
Hosted by
@TO
+
@LeonidasNFT
this is one of the premiere bi-weekly podcasts in …
Announcing: SatScanner!
Scan your wallet address for Uncommons, Rares, and more!
Available only to OrdinalHub badge holders & at
@TheBitcoinConf
.
Public soon 🚀
Welp it was a good week. Check out some of the top sales (21) from the prior 7 days. Congrats to the projects and marketplaces making it happen.
Who makes the leaderboard next week?
Get cash
Get a bike
Bike to the bank
Sell your house
Floor your pups
Buy an OMB red/blue/green eyes set
Get the full OCM suite
Sweep the bottom 10 frogs
Grab a goosinal
Bandits/nullish/burials/badgers/unordinals/whales/boos/babes/danfiles/fomojis/shids/clays/penguins
Complete it…
@BitcoinFrogs
is on 🔥 this month! They're the most traded collection on OrdinalHub with volume over doubling + floor price up.
Let's dive into some interesting collection insights from our market aggregator tools!
RIBBIT 🐸
✉️ Envelopes: one of the least understood but most game-changing innovations behind Ordinals & Inscriptions.
Envelopes take Bitcoin beyond just Ordinals. They change the game for metaprotocols (like BRC20?).
Wtf is an "envelope"? Let's dive in 👇
Community can be important. Some groups have been launched >7 days, some are new, some have private discords. Don't let the Discord member count ascribe project value; for example
@OrdinalPenguins
currently has 566 members, but just auctioned off an inscription for >0.5btc!
🔑ANNOUNCING QUADKEY 🔑
An open cartographic indexing system representing geographic data! Builders welcome!
Start inscribing your quadkeys today!
👉 Follow
@quad_key
for more
We have been quietly building the foundational infra...
& lots of effort to create a clean experience for users. We have launched the fastest explorer. For v1 of OrdinalHub Explorer we leveraged the ord open source repo and added a few custom RUST methods to their API.
Recursion unlocks way more than just these simple ideas, stuff we haven't even thought about.
But it's about to get really fun. Inscriptions 2.0 are here.
We'll be doing deep dives on this in on our Youtube channel in the next couple of days!
🚨 INTRODUCING the OrdinalHub - Price Tracker 🔥
(sound on)
A few improvements live now, but our API is now compiling data from every major marketplace to provide fast, accurate data.
The unique piece to this table is the aggregated totals row... give it a look.
Next we're…
💰💸 You read that right, miners netted 150.32 BTC in Q1 2023 from Ordinals Inscription transaction fees
🔥that's 7.9% of all BTC transaction volume for the first quarter!
Imagine we could split up parts of Bitcoin Core, load just an executable frontend, and the program "calls" the code it needs from other Inscriptions.
You're now running Bitcoin ON Bitcoin.
We can theoretically do this with a lot of different programs.
The wait is over 🥁‼️
Integrating via API with the fastest explorer in the space is now possible.
OrdinalHub's Explorer is marking 992,742 inscriptions to date while Dune's ordinals analytics mark 990,096 rn.
We're excited to see what y'all, Bitcoin art creators and…
What are Uncommon, Rare, Epic, Legendary sats?
We put together a helpful guide + visuals for you, let's take a look 👇
Uncommon Sats: 1 in 2.4 billion
The first satoshi of a block. A new block is mined approximately every 10 minutes, from now until the end of time. There are…
in case you were not paying attention… over 150k
#Bitcoin
inscriptions were minted today, we crossed 1.5M total and chart’s going absolutely hockey stick 🏒
Project Deep Dive: Bitcoin Burials
@BitcoinBurials
were a free mint w/ a unique approach to metadata. Now they're up to 0.004 btc 📈 and the floor price is skyrocketing!
Let's take a look 👇
Kids in a candy store right now ... 🍭
Playing with some data aggregation formats to help users glean insights the old fashion way. Pretty ugly chart, and theres a lot more to the story as you dive in. Let us know what market level information might be helpful 🙏
Wild... This is phase 1. So many creative artists and communities. Who's doing something unique out there we should check out?
#Bitcoin
#Ordinals
#BitcoinNFTs
welp... yesterday was another groundbreaking day in Ordinals Land... only 4 days after hitting the 2M mark
#Bitcoin
inscriptions surpassed 3,000,000! 🖼️ 🦄 👾 🛸
Let's break down the different types of "exotic sats" that Casey
@rodarmor
identified.
"Mythic"
Rarity: 1 in 2.1 Quadrillion
The first sat ever created in the "Genesis Block". It is unattainable because Satoshi made the first block unspendable.
"Is seems like the best storage right now is to put it on a Bitcoin maxi's full node"
👻
"We're like the ghosts of cypherpunks, telling the stories of the Old Guard cypherpunks of the 90s"
Feature interview of The CypherPunk Ghosts (
@GhostsBtc
) dropping soon
What does "Taproot address" actually mean?
Taproot was an upgrade to Bitcoin in 2021 that improved security, added some new features, and increased privacy. However, Taproot had not been widely adopted until Ordinals came along.
Read more here:
What's an example of this? Take one of our favorite projects:
@GhostsBtc
:
You have the ghost base layer Inscription and you have a bunch of traits inscriptions. Instead of generating these before Inscribing, the base Inscription references other Inscriptions ON-CHAIN
Moar members! Not at all an indication of value. A middle of the pack, but quality project + member community
@Ordinal_Loops
just sold for 4.6btc. We can't wait to look back at charts like this in a year. Have a great night all!
Announcing "Holder Distribution" data!
Check out how many holders there are for each collection 🧠
Looks like
@banditsbtc
has an incredibly diverse set of 434 different holders for a collection of 512.
We've been working with the
@TaprootWizards
team on the
@QuantumCatsXYZ
mint to ensure a secure and equitable experience.
To that end, we sincerely apologize that the mint is being postponed. We underestimated the strong demand for the mint, and as a result, we need to work…
We’re opening up a first batch of uninscribed Uncommons for sale to badgeholders at 0.0179 BTC each (~$500).
These will be sold and available on a first come first served basis to badge holders first, then open. Jump into our discord and check out the announcements for next…
This chart accounts only for inscribing costs.
Minting/trading is not included and could represent more tax fees than inscribing costs.
Inscriptions have given Bitcoin miners more than the $5million in fees that everyone’s talking about.
Remember the DOOM Inscription? It was only 30kb.
Most video games are larger than 4mb.
What if you could Inscribe different pieces of the code of a game like DOOM and "load" them into another Inscription?
This unlocks a lot for developers.
It's expensive to inscribe a bunch of high-quality images for a collection.. What if you only had to inscribe the base layer + traits?
Instead of owning the JPEG, your community owns an Inscription that "builds" the Inscription live.
And it's all on-chain 🚀
Looking at Twitter + Discord social data/trends for projects and how this impacts sales is… interesting.
Doing something unique and having a real community matters. ❤️📈
@AikoDeshoBTC
founder
@0xZerone
says Aikos are "so much more than a PFP"
The Aikos are diverse, non-generative, and each one is special:
✨Custom designed
✨Each have a unique story
✨Carefully curated
Check out our exclusive pre-launch interview here:
For the first time in months the top 10 most traded collections we track are ALL up both in volume + floor price on the 7-day view 📈
Are Ordinals back?
Some of these projects day over day have really taken off. It is the wild wild west and a project's value is a mixture of the quality of the art, how early the mint happened & how strong the community is
Projects on our platform getting a nice boost. (Free to join rn)
We're helping educate the community about Bitcoin, Ordinals, and Inscriptions! Check out our "Learn" category on the dot com to get some of the basics down!