Tags: Ordinals protocol

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Debate has ensued over the proliferation of BRC-20 tokens on the Bitcoin blockchain. (Кусмарцева Дарья / Getty Images)

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The explosion of BRC-20 tokens has put Bitcoin to the test. (Jose A. Bernat Bacete/Getty Images)

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Lolli CEO Alex Adelman says Bitcoin has an opportunity to fulfill its potential by becoming a hub of digital experimentation. (Josh Olalde/Unsplash, modified by CoinDesk)

The perfect Ordinals wallet should (1) integrate Ordinals support without requiring a full node, (2) be easy to use for the average collector, (3) follow Bitcoin‘s great cultural tradition of embracing self-custody and trustless transacting.

Called TwelveFold, the 300-piece collection serves as a “visual allegory for the cartography of data on the Bitcoin blockchain.”

The Bitcoin community has been abuzz with conversations around how Ordinal Inscriptions could signal a technical improvement to NFTs. But the increased fees and transaction speeds associated with them could stifle Bitcoin’s primary use case as a medium of exchange.

Late Wednesday night, one Ordinal Punk NFT, minted on the Bitcoin-native Ordinals Protocol, sold for 9.5 BTC, roughly $214,000.

Transactions are coming from the popularity of the recently-deployed protocol Ordinals, which allows for NFT-like tokens to be stored on-chain.

Interest has skyrocketed following the first Ordinals transaction on Dec. 14.

Twetch has already built a suite of NFT apps on the Bitcoin SV blockchain. So the new push by Ordinals to bring NFTs to the Bitcoin blockchain looks like an opportunity for expansion.