Decoding the Enigma of Bitcoin NFT Ordinals
With the advent of blockchain technology, the revolution in the space of financial transactions has been phenomenal. From decentralized banking to trading cryptocurrencies, we have witnessed spectacular advancements. Another recent breakthrough was the emergence of non-fungible tokens (NFTs), which have been capitalized on by a large number of people. Bitcoin has evolved from being a lending and borrowing mechanism to becoming a host to a range of DeFi protocols in recent years with the advent of Stacks (STX), Wrapped Bitcoin, etc. It has now found another use case in enabling people to create and store digital artwork like images, audio, text, or videos on the Bitcoin blockchain network. This has become possible because of the Ordinals protocol. As thrilling as it sounds, this new evolution has become highly popular among the bitcoin community, and more than 100,000 ordinals have already been created.
