CryptoPunks, On Bitcoin?! How NFTs On Bitcoin Are Unlike Any Other
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Summary:You read that right. There are currently 10,000 ‘Bitcoin CryptoPunks’ that have just finished the process of being minted this week. They are seemingl

You heard me right. Now 10000 "Bitcoin CryptoPunks" have just completed the whole process of casting this week. They look like the ones advertised: CryptoPunk NFT on the Bitcoin blockchain. Yes, we have seen the sales of such NFT reach tens of dollars, even hundreds of thousands of dollars.

However, this is very different from your "average" NFT - the lack of Bitcoin smart contracts may clearly remind you of the value of Ethernet and other smart contract socket chains.

Let's take a look at the latest "chaotic highlights" in NFT.

Not your own general CryptoPunks: What are the NFTs in Bitcoin

On Thursday, the last Bitcoin punk was minted by an open mint. However, this does not necessarily mean that they can browse. But before we browse and forge together, many readers may grumble: "Wait a minute, before digital currency and smart contract, we never had NFT... what happened?"

The originator builds NFT on the Bitcoin blockchain according to the so-called "ordinal number" assigned to each satoshi. Ordinal numbers are closely related to text, image, video and other information content, and NFT is efficiently established on Bitcoin. In essence, this process is to allocate metadata to satoshi.

There is no "token specification" like the ERC specification of Ethereum. The inscription on the Bitcoin blockchain is absolutely permanent and unchangeable. However, an ordinal inscription psuedo explorer is available.

This concept is brand new and didn't exist more than a month ago. There is no obvious first-mover advantage. In fact, we live on the side of Bitcoin NFT - but this actually means that there is no infrastructure construction. There is no wallet created for this reason, no sales market for this kind of activity, and no completely created tool to "cast" this kind of Bitcoin NFT.

I'm not easy

Although we are in the "detection" phase of Bitcoin inscriptions, people's enthusiasm is obvious - for this reason, it is not surprising to see more means and infrastructure construction gradually released to support the writing of inscriptions. In addition, how did the birth of Bitcoin CryptoPunks happen?

Although there is also a robot that can be used in a very short time, many people believe that most Bitcoin punk owners will browse them based on becoming a connection point network operator. The holder proposes to only have ordinal numbers in the special wallet, and not have other BTCs in it - the customer key is to set the special Bitcoin original Sparrow wallet.

Does Bitcoin maxis effectively add NFT? In the long run, is ordinal number the supporting "site" of NFT, or is it the last short-term fashion trend to be ignored? Can "Bitcoin CryptoPunks" finally become as famous as OG CryptoPunk? There are various problems, but it is always interesting to see the new innovation and changes of digital currency, especially around the "Tyrannosaurus rex" which is often boasted in Bitcoin. Only the length of time can show how this is formed. In addition, for some interested parties, OTC transactions need to be safe, because the lack of infrastructure construction means that fraud companies and fraudsters are rampant, and they want to use the spirit of this new generation of CryptoPunks to excite potential customers.

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