Thread by @CryptoTeluguO

📺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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🧵/💰

📺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

👇

https://twitter.com/CryptoTeluguO/status/1623680309052178440?t=piJ1ym2Msr6Xm2rRf1kzqQ&s=19

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