📺Mega 🧵 on Bitcoin NFTs 😜 #Ordinal
📺I will cover 👇
✅what is ordinal
✅what is Inscription
✅pros and cons
✅How to create wallet to store #Bitcoin NFTs
✅How to ⛏️ 1st NFT
✅How to trade
✅Top projects
✅upcoming project u should try
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👇Read
🧵/💰
📺First thing first, why should we know about it?
✅It's early
💰& obviously to make money 😜
👇This punk from @OrdinalPunks was minted with small btc fee & sold for 6 #BTC
🤯That's $136,000
👇Now continue reading
🧵/what is ordinal?
📺Ordinals is the first project aiming to bring NFTs into the Bitcoin ecosystem
📥Taproot Bitcoin upgrade which brought several new features making ordinals to adding jpg directly on satoshis on the Bitcoin blockchain without a additional token or chain
🧵/what is Inscriptions?
🪙Individual sats can be inscribed with arbitrary content,creating Bitcoin-native digital artifacts that can be held in a Bitcoin wallet and transferred using Bitcoin txn
✅Inscriptions are as durable, immutable, secure & decentralized as Bitcoin itself
🧵/pros & cons
👍Your jpg is on sat not ipfs
👍No additional token
👍It's on Bitcoin
👎Slow & complex
👎unorganized
👎No market place
👎UI UX
👎U can loose your NFT if u r newbie
🧵/how to create wallet to store NFT?
⚠️Important
1️⃣if u want to send & receive #BITCOIN NFT u should install full Bitcoin core node
2️⃣if u want only to mint & hold nft u can use basic desktop wallet
✅I will share steps for 2️⃣ in this 🧵
Cont'd..
🧵/wallet
⚠️As we r using option 2️⃣, u can buy but can't sell NFTs
⚠️U need to hold NFTs in those wallet & sell where a proper wallet is launched for ordinal
📥Download & Install sparrow wallet - sparrowwallet.com/download/
✅Creat wallet
📥Back up seed
✅Click receive & get adrs
🧵/how to mint 1st NFT
⛏️Anyone with full core can mint but it is complex
✅Easy way is to just a website
🔗ordinalsbot.com
1️⃣Select image
2️⃣Enter your sparrow address
3️⃣Select speed
4️⃣Click submit
5️⃣send exact sats to given addrs
✅U just minted ur first Bitcoin NFT
🧵/⛏️
📥U will receive that sat containing your image to sparrow wallet
⚠️U can't send it to anyone using sparrow
⚠️U should not do any other transaction on that wallet because #Bitcoin uses UTXO, if u send btc it might move that Sat with your NFT, so no trx on that wallet
🧵/⛏️
✅If u want to mint other NFT or receive another NFT on OTC
📥Create new wallet on Sparrow under receive tab & use that fresh wallet
📥 @ordinalswallet - A wallet for inscriptions and BTC NFTs on Ordinals coming soon
✅Once it is launched u can import your seed n sell
🧵/🔁how to trade?
❌Right now there is no NFT Marketplace
❌it's totally unorganized
✅U can only trade OTC on project Discords
⚠️Be careful while trading, trade only with mod escrow in discord
⚠️high chances of getting scammed if u r newbie, avoid
📥marketplace coming soon
🧵/top projects
🪙Unlike other NFTs, Ordinals have a number sequence for all inscriptions
❌There is no collection based #
✅Every time u mint NFT it will be new inscription with number sequence
😜As mentioned unorganized
👇But here r few popular projects
🧵/🔝
#ordinals
- 100 @OrdinalPunks
- 69 @Ordinal_Loops
- 100 @ordrocks
- 21 @timechainord
- 10000 @Bitcoin_Punks_
⚠️Trade safely I am not associated with any of these projects
🧵/Upcoming projects
✅ @BitcoinShrooms - 210 collection
✅Try to get this NFT mint
🪙U can easily Make a bag of #Bitcoin 💰
📺Full video on this will be uploaded on my 3 youtube channels soon
🧵/🫂
😜If this thread was useful jump to first post and support me.
🤯It took lot of time and effort to put everything in one single thread
👇
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