NFT veteran dotta explains what is special about Ordinals NFTs $BTC
Pseudonymous NFT entrepreneur Dotta , the creator of the first-ever license for ERC721 tokens Dotlicense and CEO of Forgotten Runes Wizard's Cult ecosystem, praises Ordinals NFTs on Bitcoin . Why?Yesterday, on Feb. 17, 2023, Dotta shared a Twitter thread to reflect on the popularity of Ordinals, a sort of NFTs on the Bitcoin blockchain. Despite being in its nascent stage, the concept has a number of"striking" advantages compared to its Ethereum-based predecessors.
Then, Ordinals cannot support off-chain data. There is no possibility to attach a file from IPFS hosting, let alone AWS or any other Web2 cloud storage.Surprisingly, despite the concept of Ordinals looking sophisticated, it is much easier to create NFTs on Bitcoin than on an EVM-compatible blockchain. There is no need to write and deploy a smart contract: the content can be tokenized by a single command.
Last but not least, so far, this segment is not affected by the attributes of VC-backed Web3 products: no roadmaps are released, and no marketplace charges creators with fees. As such, no"expectations" would trigger unhealthy hype around the product.
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