Can Bitcoin actually be Changed? Layer-2 Labs Interview 🚀
Ordinal inscription, NFT's on Bitcoin equals new utility
Ordinal Inscriptions are digital assets similar to nonfungible tokens (NFTs). They can be inscribed into one Satoshi, the smallest denomination of a Bitcoin. Ordinals flooded the Bitcoin network last week as the latest crypto craze gathered pace. Valentine’s day saw the peak activity with the hundred thousandth ordinal inscribed. This has caused layer-2 Bitcoin scaling solutions like Stacks (STX) to skyrocket as new layer-2 Bitcoin NFT wallets and minting platforms come to fruition.
Guest: Paul Sztorc, Founder and CEO · LayerTwo Labs LayerTwo Labs website ➜ https://layer2labs.com/
PBN Research
What is a Bitcoin NFT (Ordinal)?
9/ Ordinals vs. L2 NFTs?
Ordinals on Bitcoin L1 are complementary to Bitcoin NFTs on L2s like Stacks. Ordinals have a natural limit on L1 scale, and L2s provide a clear scalability path.
Wallets like @xverseApp & @hirowallet are amongst the first to release or work on Ordinals
500B opportunity
Ethereum: 500B network, 500B apps.
Bitcoin: 1,000B network, few apps.
That’s the market opportunity.
Marketplaces & Wallets Already Popping up
Introducing Ordinals on mobile 📲🚀
Inscribe and take Bitcoin NFTs on-the-go with Xverse on iOS and Android.
Watch demo till the end for a special sneak peek of what's next! 😉
Download the app: xverse.app/download
~This episode is sponsored by Kraken~ Kraken website ➜ https://bit.ly/KrakenPBN
#Bitcoin #NFT #Metaverse