DeGods NFTs “Resurrected” on Bitcoin Blockchain through Ordinals
According to reports, Frank DeGods, founder of DeGods, announced on social media that 535 DeGods NFTs that had been destroyed before had been \”resurrected\” on …
According to reports, Frank DeGods, founder of DeGods, announced on social media that 535 DeGods NFTs that had been destroyed before had been “resurrected” on the Bitcoin blockchain through Ordinals. Frank DeGods said that the 535 recast NFTs were not randomly generated, but were all in a Bitcoin block. According to the data of Dune Analytics, the number of NFT “inscriptions” of Bitcoin minted by the Ordinals protocol has reached 77059.
The founder of DeGods announced that 535 destroyed NFTs have been “resurrected” in the Bitcoin blockchain
Analysis based on this information:
The world of non-fungible tokens (NFTs) continues to surprise with its creativity and innovation. The announcement of Frank DeGods, founder of DeGods, on social media is an intriguing development. DeGods is a platform that creates NFTs, and it seems that 535 of their NFTs that had been destroyed earlier have been “resurrected” on the Bitcoin blockchain through Ordinals.
Ordinals is a relatively new protocol that enables the creation of NFTs on the Bitcoin network. It utilizes the Bitcoin blockchain’s ability to store small amounts of data through its “op_return” function. Ordinals use this function to “inscribe” the NFTs’ data onto specific Bitcoin blocks. In recent times, the use of Bitcoin for NFT creation has seen tremendous growth, as the NFT craze continues to sweep through the world.
But what makes this particular announcement intriguing is the fact that the 535 DeGods NFTs that were “resurrected” were not randomly generated; instead, they were all in a Bitcoin block. It is not clear what this means and whether this is significant in any way. However, it does highlight the possibilities of utilizing the Bitcoin blockchain’s unique features to enhance NFT creation.
In addition, the data from Dune Analytics shows that Ordinals has minted over 77,000 NFTs on the Bitcoin blockchain. This indicates that more creators are embracing the use of Bitcoin as a platform for NFT creation. The use of Bitcoin provides an additional layer of security and immutability to the NFTs, adding value to collectors and investors.
In conclusion, the “resurrection” of the 535 DeGods NFTs on the Bitcoin blockchain through Ordinals is an exciting development in the world of NFTs. It highlights the creativity and innovation that the NFT space continues to exhibit. The use of Bitcoin for NFT creation through protocols like Ordinals has enormous potential to enhance the NFT market and attract more participants.
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