Analysis: Combing Through 30 Most Promising BTC NFT Projects
Research Institute
The craze for NFTs on the Bitcoin chain continues. On March 7, 2023, the Yuga Labs Bitcoin NFT series 'TwelveFold' successfully completed the auction. The highest bid was 7.1159 BTC, and the auction generated 735.7 BTC (approximately $16.5 million). .
With the improvement of wallets and market infrastructure, the Bitcoin NFT market has huge potential. Some of the most interesting (and potential) BTC NFT projects are collected below for users’ investment reference and study research. For basic knowledge about Bitcoin, please refer to the link:
https://www.odaily.news/post/5185585
1. Yuga Labs
Yuga Labs Bitcoin NFT Series 'TwelveFold' contains 300 limited-edition generative art pieces, each engraved on the Bitcoin blockchain; each NFT piece is a 12 x 12 grid, combining 3D graphics and hand-drawn features, created by Designed and created by Yuga Labs in-house art team. 288 works successfully participated in the auction, and the remaining 12 works were temporarily reserved for future donations or charity.
Founded in 2021, Yuga Labs was initially launched by a small team of 4 people and has now reached hundreds of millions of dollars in transaction volume. Yuga Labs is a benchmark in the NFT world, especially with the huge success of the BAYC NFT series, and the team has become a household name in the crypto industry. Yuga Labs believes that people are still in a very early stage in the metaverse Web3.0, so it likens itself to be like an early ape and uses the ape as its NFT avatar.
2.Ordinal Punks
Ordinals Punks are PFP collections minted in the first 650 inscriptions of Bitcoin. The minting started at 4 a.m. on February 1, 2023, and it took one day to complete the minting. The minting price is 0.01 Bitcoins. Ordinal Punks is an exclusive collection of just 100 Bitcoin NFTs that pay homage to CryptoPunks, one of the original Ethereum NFT series.
Ordinal Punks’ NFTs are 192×192 pixel images that were generated using an open source algorithm by anonymous Web3 creator FlowStay. As of now, the lowest bid for Ordinal Punk is 3.7 BTC, while the highest asking price for the most popular Ordinal Punk 78 is 50 BTC. Well-known NFT community user dingaling purchased Punk 27 (inscription #444), Punk 48 (ins #483), Punk 73 (ins #599), and Punk 80 on February 9 for 15.2 Bitcoins (equivalent to 211 Ethereum) (ins #606), Punk 88 (ins #614), Punk 91 (ins #617), Punk 92 (ins #618), a total of 7 Ordinal Punks collection, and means that there is a real moment behind each inscribed serial number.
3.Taproot Wizards
Taproot Wizards is a unique Ordinal series on the Bitcoin chain, and the project's tagline is 'Make Bitcoin Magic Again.' Created by independent Web3 developer Udi Wertheimer, the series consists of hand-drawn NFT wizards engraved on the Bitcoin chain, starting with Inscription 652. The first Ordinal in the series is known for having the largest block and transaction in Bitcoin history, at a whopping 4MB. The Mage ID verification page on Discord only confirms six of them, including Inscriptions 1107, 1383, 2637, and 2625.
4. Bitcoin Rocks
Bitcoin Rocks is an NFT series inspired by one of the early Ethereum NFT collection projects, Ether Rocks. ordrocks, the creators of Bitcoin Rocks, minted the first rock in the series at Inscription 71 to commemorate the first rock in the Ether Rocks series.
There are also only 100 Bitcoin Rocks, with some NFTs listed for as much as 1,000 BTC/13,858 ETH (over $22 million).
5. Cyber Pepes
With a maximum Inscription of 943 and a total of 10 NFTs, software engineer Jason Rosenstein has written Cyber Pepes into the Bitcoin blockchain. Cyber Pepes are iterations of the popular Pepe, the star of the popular sad frog meme.
6.Planetary Ordinals
With a maximum Inscription of 1103 and a total of 69 NFTs, the project is primarily participating in a crowdfunding campaign that is raising funds to build the first Bitcoin ordinal-focused wallet. Ordinal Bulls is the second series.
7. Rare Scrilla Sounds
With a maximum Inscription of 1,505 and a total of 12 NFTs, this project is the only audio-focused Ordinals NFT series with an inscription height below 10,000. This Ordinals series is an extension of the Grand Rising Music NFT on the Ethereum blockchain.
8.Ordrothkos
With a maximum Inscription of 1971 and a total of 21 NFTs, Ordrothkos is an art collection engraved on the Bitcoin blockchain with an extremely limited supply. This is also the only Ordinals NFT series with under 10,000 inscription GIF animations.
9. Inscribed Pepes
With a maximum Inscription of 2189 and a total of 69 NFTs, this series of NFTs contains pixelated artwork showing Pepe's original Sad Frog meme character in many different outfits. The owners of these Ordinals are already creating extensions containing Pepes NFTs from this collection.
10.BlockMunchers
With a maximum Inscription of 2405 and a total of 50 NFTs, this project is the first Ordinals NFT series to be engraved on the Bitcoin blockchain with 3D art. The series is based on the theme that Ordinals NFTs will consume more and more of the mined Bitcoin block space.
11. Ordinal Penguins
With a maximum Inscription of 3646 and a total of 100 NFTs, this project is one of the best-selling Ordinals NFTs inscribed on the Bitcoin blockchain. The series is inspired by the Pudgy Penguins NFT series on Ethereum, but has no official affiliation. This collection currently has the most P2P secondary transactions.
12.Chainspace
Chainspace is an NFT project based on the Bitcoin network protocol Ordinals. It includes 800 video rendering applications stored in the Bitcoin network. You can use it to take selfies and use preset filters that represent the aesthetic styles of different crypto communities to generate A selfie version of the gm emoticon for identity expression and community interaction. Chainspace also exists on the Ethereum network. Specifically, 800 Chainspace portals are engraved in the Bitcoin network, starting from Inscription 10,004, and then mapped from BTC to ETH through tokenURI. Not involving AWS, IPFS and Arweave, it is a pure on-chain project that spans the Ethereum and Bitcoin networks and can be transferred in the Ethereum and Bitcoin networks. On February 17, Chainspace conducted its initial issuance. 780 Chainspace were sold out in less than a minute. The remaining 20 NFTs, called X-Portals, will be auctioned in the future (18 will be For auction) and gifting (2 coins will be given as gifts to Loot sponsor Dom) for distribution.
As the first NFT with a dual-chain structure, Chainspace is special in that it makes full use of the available resources and infrastructure at the current stage and has achieved good results in initial issuance and transaction growth.
- Timechain Collectibles
Timechain Collectibles is a collection of 21 Bitcoin NFTs that showcase different forms of timepieces, such as ancient calendars, pocket watches, cyberpunk watches, and more. The collection was inscribed on January 30, 2023, with all pieces cast as one block and bearing consecutive inscription numbers from 356 to 377. The Genesis inscription at Inscription 356 anchors the entire series. The level of rarity in this collection varies, with some pieces being rarer than others. The project's Discord is where the NFT auction is held. One of the NFTs, Inscription 364, also known as Timechain Collectible #6, sold for 3.08 BTC ($67,000).
14.Ordinal Loops
The Ordinal Loops NFT series are some of the lowest numbered in Bitcoin's ordinal numbers and are highly sought after for their low numbered inscriptions on the Bitcoin chain, starting with inscription 452. The first NFTs in the series represent the current narrative chapter of the project. , called “No Fiat Currency.” The auction price of object 0 is 0.272 BTC, the price of object 1 is 0.570 BTC, the price of object 2 is 0.800 BTC, and the price of object 3 is 4.178 BTC.
15. Ripcache's Power Source
Crypto artist Ripcache (https://twitter.com/ripcache) recently made his first foray into the world of Bitcoin Ordinals, collecting four pieces of art that pay homage to Avatar: The Last Airbender. Each work of art is named after one of the four elements: fire, water, earth and air.
The series started at Inscription 26,663, and the artwork has sparked interest among fans of the animated series and the crypto art community. Given the popularity of Avatar: The Last Airbender and the growing trend of collecting rare and unique NFTs, these pieces are expected to be highly sought after.
16. Bitcoin Shrooms
Bitcoin Shrooms is a series of NFTs in various mushroom designs engraved on the Bitcoin chain starting in Inscription 19. The series is considered one of the earliest ordinal numbers on Bitcoin, and some of them even predate the popular Bitcoin Rocks collection. The initial set of these Shrooms NFTs are arranged in such a way that they spell out the phrase 'The Shrooms R Coming.'
The team behind the Bitcoin Shrooms project remains unknown and has yet to auction or sell any NFTs. The project's Discord is currently closed, but is expected to open soon, and collectors can look forward to possibly obtaining one of these unique and rare NFTs once they become available.
17. The Shadow Hats
The Shadow Hats series of NFTs are inscribed on the Bitcoin chain from Inscription 957. These NFTs feature a mysterious figure wearing a hat and shrouded in shadow. No The Shadow Hats have been sold yet, and the project remains relatively quiet, with few updates from the creators or community members.
18. The Dan Files
The series was created on the Bitcoin chain by a man named Dan (Inscription 953). Dan's creative themes often revolve around existentialism, philosophical contemplation and irreverent Musings (I don't know how to translate it). An Inscription 661 collection titled 'I Existed' contains poignant voice recordings of Dan speaking autobiographically to an imagined future alien or artificial intelligence audience. Another collection called ' Hard Pills to Swallow ,' includes a series of overtures titled 'Your Unrequited Love' and 'Your Insignificance.'
19. Toruses
A mysterious group of NFTs called Toruses first appeared on the Bitcoin blockchain in Inscription 341. These mysterious objects have unique colors and designs. Although a large number of Toruses exist, there is little information about their origins or creators.
20.Ornate Ms
The NFT is designed like a Metallica album cover, with several black M-shaped figures, and was created starting from Inscription 294. The Ornate Ms series is both mysterious and interesting – so far, the background of the project remains unknown.
21. Inscription 0
The first NFT minted on Bitcoin, Inscription 0, was just a black skull with white markings.
22.Squiggs
The total supply of Squiggs is 53, with the highest inscription: Inscription: #6613. Squiggs’ name only has a mysterious Twitter personal name. It is a set of 53 NFT series, starting with the inscription Inscription.
23. Insignia Art
Minted starting with Inscription 7596, Insignia Art is an interesting collection of just 16 Bitcoin NFTs that, according to its creators, represent “composable art primitives” that will allow “combinable art primitives” to be created on the Bitcoin blockchain. 'rapid reproduction, distribution, and usage of Insignia on the Bitcoin blockchain.'
24.OnChainMonkey
Starting from Inscription 20219, OnChainMonkey, an NFT project launched by NFT startup Metagood, has also joined the Ordinals protocol and started 'inscription' casting on the Bitcoin blockchain. Currently, its 10,000 NFT collection has all been put on the chain. In the team's Twitter space, OCM claims that the inscription is less than 20,000 bytes in size and can be created for just a few dollars. If true, this could be a scalable model for other NFTs that can be created on Bitcoin without clogging the network.
25. The first Bitcoin Punks
There are two NFT series named Bitcoin Punks, both of which are derivatives very similar to the classic Ethereum series.
The first Bitcoin Punks above represent a different take on the CryptoPunk theme compared to the Ordinal Punks. Compared to the Ordinals series, these 100 Punks have a light blue background and feature a greater variety of characters and expressions. Starting with Inscription 18, they have been trading for as low as 1 BTC, with Bitcoin Punk #27 recently selling for 1.45 BTC. Bitcoin Punk #4 is currently listed for sale with a price tag of up to 115 BTC.
26. The second Bitcoin Punks
The main difference in the Second Bitcoin Punks series is that it is a 10K PFP series collection. It is also inscribed later than the 100-piece Bitcoin Punks series, which started at Inscription 5,530. The series has been minted and people are starting to buy and sell them, with one punk enthusiast recently acquiring two aliens and six ape punks for 3.25 BTC.
27. Ordinal Birds
Ordinal Birds is a derivative series on the Bitcoin chain containing 100 bird Ordinals starting from Inscription 2,728. The collection has sold out, but the team is still holding on to Birds #94, #96, #98 and #100 for founder Kevin Rose. Ordinal Birds conducted several OTC sales with sales ranging from 0.17 BTC to 0.72 BTC.
28.Bitcoin Orbs
Bitcoin Orbs Ordinals are the first BTC on-chain Manifold NFT editions, and these are only accessible to those who hold and destroy Bitcoin Orbs editions on Ethereum. The series was created by Joan Westenberg, who plans to make the series one of the first to connect Ordinals to the Ethereum chain.
29.On The Edge Of Oblivion
Starting from Inscription 9,978, On The Edge Of Oblivion connects ETH NFTs with Bitcoin NFTs. 555 works in total. The transaction volume of this NFT on OpenSea was considerable, reaching 1199 ETH, and the number of sales in this series reached 1158. The project was created by Web3 developer nullish, and a Bitcoin bridge for NFTs is currently underway on the project's Discord.
30. Bitcoin Monkeys
Starting with Inscription 38, Bitcoin Monkeys is a series of 2,500 unique NFTs that will serve as Jungle Club membership passes, with benefits and rewards for holding NFTs increasing over time. Jungle Club has a long-term blueprint, and each Bitcoin Monkeys will grant a series of benefits on the project's roadmap (certain traits or rarities may increase benefits). The project roadmap will offer a variety of giveaways and benefits, and the following may play a role in different ways in selecting winners. 1. OG monkey character 2. Rare characteristics of the monkey 3. Bitcoin Monkeys NFT holding quantity. Project website: https://bitcoinmonkeys.io/; Twitter: https://twitter.com/BTCMonkeys
Summarize
NFTs minted in the early stages may have good potential value due to their scarcity. The first 1,000 inscribed NFTs have openordex gathering their information:
https://openordex.org/collection?slug=under-1k
In short, the number of NFTs (sequence inscriptions) minted on the Bitcoin chain continues to grow. According to data on dune, as of March 10, 2023 (8:30 Beijing time), more than 386,000 NFTs (sequence inscriptions) have been in the Bitcoin area. are minted on the blockchain.
According to the different types of inscriptions (also called MIME types), the content of Bitcoin NFT includes text, pictures, HTML files, and even MP3 (music files). The largest number of inscriptions are cast with text and pictures.
According to a latest report from Galaxy Research, the market value of Bitcoin NFT may reach US$4.5 billion by 2025. BTC NFTs represent a new phase in the evolution of blockchain-based art and collectibles. As more artists and creators continue to experiment with the possibilities of Ordinal NFTs, it’s interesting to see what new and innovative collectibles will be available in the coming years. Being engraved into the Bitcoin chain will be something worth looking forward to.
references:
Ordinal NFTs: 10 Most Notable Ordinals Inscriptions of 2023
https://shardeum.org/blog/ordinals-nfts/;
10 Most Promising Bitcoin NFT Ordinals Collection in 2023 ;https://mpost.io/best-bitcoin-nfts-ordinals-collection/
Bitcoin Ordinals NFTs Ranked by Highest Inscription
https://nftlist.pro/bitcoin-ordinals-nfts-ranked-by-highest-inscription/
Bitcoin NFTs: The 20 Most Notable Ordinals Inscriptions,https://nftnow.com/guides/bitcoin-nfts-most-notable-ordinals-inscriptions/
https://ordinalsdirectory.com/
About veDAO
veDAO is an investment and financing community dedicated to exploring early potential projects. By gathering public wisdom and professional opinions, we provide community participants, investors, and project parties with a fair, transparent, and democratic project evaluation and investment and financing process, so that all participants can share the dividends of project development.
Website: https://app.vedao.com/
Twitter: https://twitter.com/vedao_official
Telegram: t.me/veDAO_zh
Discord: https://discord.gg/NEmEyrWfjV
TrendX
