The controversial project has been met with equal parts excitement and criticism in regards to its impacts on Bitcoin.
A project called Ordinals has launched on the Bitcoin blockchain, effectively enabling Bitcoin-native on-chain NFTs.
Led by former Bitcoin Core contributor Casey Rodarmor, the protocol is a convention for numbering and transferring individual satoshis on the Bitcoin network.
Ord, a specific implementation of Ordinals, “is a wallet and explorer that allows tracking the location of specific satoshis and their ordinal numbers – assigned by the Ordinals protocol – as well viewing, creating, and transferring inscriptions, that is, individual satoshis inscribed with arbitrary content,” the press release sent to Bitcoin Magazine states.