At a high level, ordinals enable people to put new information on Bitcoin. That could be any kind of data, whether it is art or news, that is stored natively on Bitcoin.
In short, you can think of this innovation as the creation of Bitcoin-native NFTs, and that is a huge market opportunity for builders. If you think about the growth trajectory of NFTs on Ethereum, which generates $1B in sales every year in an ecosystem with a smaller marketcap than Bitcoin, then simple back-of-the-envelope math would suggest that ordinals on Bitcoin could generate several billion dollars in sales every year once the infrastructure around ordinals gets built.
In our latest free ebook, A Developer’s Guide to Bitcoin Ordinals, we break down everything you need to know about ordinals including:
- A history of inscribing data on Bitcoin
- How ordinals compare to BRC-20 and Bitcoin STAMPS
- How ordinal theory works
- The ordinals tooling landscape
Get free access to the book below and start integrating ordinals into your application today.