NFT Community Turns to Bitcoin and Makes Digital Art More Precious

02/13/2023 13:50 • Digital Disruptors • 106 views

According to the news on February 13, Jason A. Williams, the holder of BAYC # 1626, said on social media that the NFT community is turning to the Bitcoin blockchain, and the Ordinals protocol has brought real scarcity to digital collections, so he decided to cast BAYC # 1626 on the world’s rarest and safest blockchain, and will use TeleBurn to destroy it forever on the Ethereum blockchain, and will not return to Ethereum later, At present, BAYC # 1626 is cast as “Inscription 5413” on the Bitcoin blockchain.

BAYC # 1626 was permanently destroyed in Ethereum and cast as “Inscription 5413” on the Bitcoin blockchain

Analysis based on this information:

Jason A. Williams, a holder of the Bored Ape Yacht Club (BAYC) #1626, recently announced his decision to cast the said digital art piece on the Bitcoin blockchain. This move comes after he noted that the NFT community is increasingly turning to the Bitcoin blockchain and recognizing the value it brings to digital art collections. Williams also cited the Ordinals Protocol as one of the factors that contributed to the rise of Bitcoin’s popularity in this regard. The protocol aims to bring scarcity to digital art collections by implementing a ranking system that establishes the order of creation of each piece.

In transferring BAYC #1626 to the Bitcoin blockchain, Williams is essentially making it one of the most precious pieces of digital art in the world. By using Bitcoin’s network, he ensures that the piece is not only safe and secure but also that the inherent value of Bitcoin is imbued in the art piece. Additionally, through this move, Williams is making a statement about the importance of Bitcoin as a technological breakthrough that has changed the game for the art world.

However, in casting BAYC #1626 on the Bitcoin network, Williams also intends to destroy it forever on the Ethereum blockchain. To do this, he will use TeleBurn, a solution built on Ethereum that allows users to burn their tokens and destroy them permanently. This process ensures that the piece is unique and irreplaceable, further emphasizing its value and scarcity.

Overall, Williams’ decision to cast BAYC #1626 on the Bitcoin blockchain signifies a broader trend in the NFT community. More and more people are recognizing the value that Bitcoin brings to digital art collections, and they are turning away from Ethereum and other networks. Additionally, Williams’ use of TeleBurn highlights the importance of destroying tokens and imbuing them with real scarcity to make them truly valuable. With these moves, Williams is making a statement about the future of the art world, where digital art is made more precious and significant by the underlying technology that powers it.

In conclusion, NFTs are making waves in the art world, and the move to the Bitcoin blockchain is a testament to the blockchain’s viability as a platform for digital collections. Williams’ use of TeleBurn and the Ordinals Protocol further underscores the importance of imbuing digital art with real scarcity and uniqueness. The future of digital art looks incredibly bright, and the combination of these innovative technologies is sure to pave the way for new and exciting possibilities in the years to come.

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NFT Community Turns to Bitcoin and Makes Digital Art More Precious

BAYC # 1626 was permanently destroyed in Ethereum and cast as “Inscription 5413” on the Bitcoin blockchain

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