Kaloh’s Newsletter

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6 Bitcoin Ordinals Generative Art NFTs to Watch
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Generative Art

6 Bitcoin Ordinals Generative Art NFTs to Watch

Let's dive in into the Bitcoin Ordinals ecosystem and highlight exciting generative artworks to watch in June 2023...

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Kaloh
Jun 21, 2023
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6 Bitcoin Ordinals Generative Art NFTs to Watch
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More and more artists and collectors are turning their attention to the latest NFT trend — Bitcoin Ordinals — and, although it is still early, the ecosystem feels more mature. Today, I would like to dedicate a few lines to the Bitcoin Ordinals’ progression and a few collections that shine through the noise.

What are Bitcoin Ordinals?

As I wrote a few months ago, Bitcoin Ordinals refers to inscribing files on satoshis (the minimum subdivision of a Bitcoin). You can find a summary of the theory behind Bitcoin Ordinals below.

Bitcoin Ordinals: The Theory Behind Bitcoin NFTs

Bitcoin Ordinals: The Theory Behind Bitcoin NFTs

Kaloh
·
May 11, 2023
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When I wrote that article, it was almost impossible to navigate Bitcoin Ordinals as there wasn’t support for easy minting, collecting, or just exploring the collections. Things have changed. Quickly.

How to Buy Bitcoin Ordinals?

Multiple marketplaces have incorporated the possibility to inscribe (or create) Bitcoin Ordinals NFT, like Magic Eden and Gamma. It is as easy as connecting a Bitcoin wallet (like Hiro, Xverse, or Unisat), funding it, and collecting the Ordinals you want in the marketplace listing.

The average Spend Per Ordinals NFT is $356.
The average Spend Per Ordinals NFT is $356.

Gamma makes it easy to inscribe an individual piece or a full collection (this was a real issue a few months back), and for ~$50, you can get your Ordinal NFT minted in one hour.

Current transaction fees to inscribe an Ordinal on Gamma.
Current transaction fees to inscribe a Bitcoin Ordinal on Gamma.

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Bitcoin Ordinals Ecosystem Is Moving FAST

… Although quality is questionable. The community around Bitcoin Ordinals is proliferating, from the supporting infrastructure (marketplaces, wallets) to projects and artists inscribing their creations. Nevertheless, I looked at the most popular collections measured by volume to find most of the projects are animal jpegs (pfps).

Top Ordinals Collections Ranked by All-Time Volume.
Top Ordinals Collections Ranked by All-Time Volume.

If you are like me, you are probably more interested in generative art (including coded or AI-assisted artworks).

6 Bitcoin Ordinals Generative Art NFTs to Watch

I spent time navigating the marketplaces and came up with a shortlist of 6 collections to watch…

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