1/ We are starting off with @rodarmor, the mastermind behind the ordinals protocol. Earlier this year, the ordinals protocol ignited an explosion of innovation on the Bitcoin blockchain.
3/ Enter the BRC-20 token standard, created by the pseudonymous developer @domodata on March 8th, 2023. Inspired by Ethereum's ERC-20, this groundbreaking standard allows for the creation of tokens on top of the Bitcoin protocol!
4/ The first BRC-20 token, $Ordi, was created by @domodata. Since then, over 5,000 different tokens have been made. Most of these tokens are experimental, so be cautious before investing. Popular ordinal NFT collections and memes have inspired many creations.
5/ To get started with BRC-20 tokens, you need a @unisat_wallet or @ordswap wallet. Both platforms have marketplaces, with Ordswap leading in volume. @MagicEden, @trygamma, and even @binance are joining the fray, making access to ordinals more user-friendly.
7/ Closing thoughts: The ordinals protocol and BRC-20 tokens are still in their infancy but hold immense potential.
With Bitcoin's total market value of over $500 billion, any outcome of this that becomes valuable to Bitcoin holders can be worth all the risk and experimentation.
With Bitcoin's total market value of over $500 billion, any outcome of this that becomes valuable to Bitcoin holders can be worth all the risk and experimentation.
Read our full review on BRC-20 tokens and the potential implications of this innovative concept here:
flagship.fyi
Do you already hold any BRC-20 tokens? Let us know!
flagship.fyi
Do you already hold any BRC-20 tokens? Let us know!
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