👑 CoinQueens Bitcoin Auction

CoinQueens is poised to revolutionize the NFT space by combining the power of AI and the cultural significance of Ethereum NFTs with the Bitcoin ecosystem.

Author

Ordinal Hive
June 08, 2023

Good morning:

  • NFT Market - Bitcoin Bear Cubs take the top spot this week with over $1M in BTC volume traded over the past 7 days.

  • Trending Collections

Today's edition:

  • 👑 CoinQueens Bitcoin Auction

  • 🔋 MicroStrategy’s Michael Saylor Sees Potential In BTC Ordinals

  • 👻 Unveiling the Cursed Inscriptions Debate

  • 🔥Binance Embraces The Ordinal Revolution

  • 🪙Bitcoin Ordinals Rolls Out Upgrade

  • ⚽ EA Wants To Add NFTs To FIFA & Madden (KOTAKU)

  • ⚖️ Blue Chip Collaterals Help Stabilize NFT Lending (CoinTelegraph)

  • ⚠️ US Regulator Accuss Binance Of Running Illegal Exchange (CNN)

  • 🎮 On Game Theory And Web3 In Social Media (CoinTelegraph)

  • 🌐 To Identify Or Not In A Web3 World? (CoinDesk)

  • 🧠 How AI Is Transforming Music Creation In Web3 (CoinDesk)

  • 🧑‍🎨 The Investor’s Complete Guide To BTC Ordinals (BitcoinMarketJournal)

  • 💹 Polygon Labs President Testifies On Democratizing The Internet (CoinTelegraph)

  • 💰 Aave-Developed Lens Protocol Raises $15M (CoinDesk)

CoinQueens Bitcoin Auction

CoinQueens is poised to revolutionize the NFT space by combining the power of AI and the cultural significance of Ethereum NFTs with the Bitcoin ecosystem. With its intricate designs and representation of women-led communities, CoinQueens pays homage to remarkable projects and their impact on the industry.

Here are the quick facts:

  • CoinQueens is introducing a groundbreaking approach to the NFT space by leveraging artificial intelligence (AI) to transform 61 Ethereum NFTs into stunning Bitcoin Queens.

  • These Ethereum NFTs, which hold historical significance for Bitcoin, have been generously pledged to the CoinQueens collection.

  • Each CoinQueen represents a women-led community or project, showcasing their contributions to the industry. Notable communities included are 1989 Sisters, Crypto Tech Women, Girlies, Meta Angels, and more.

  • The CoinQueens Ordinal auction will commence on June 8th for approximately 24 hours on the Gamma platform.

  • Utilizing Gamma's unique descending auction format, the CoinQueens Ordinals will find new collectors in an exciting and fair manner, starting at a price of 0.05 BTC and reaching a lowest price of 0.03 BTC.

The upcoming auction on Gamma promises an engaging and dynamic experience, allowing enthusiasts and collectors to acquire these extraordinary CoinQueens.

MicroStrategy’s Michael Saylor Sees Potential In BTC Ordinals

Michael Saylor's interest in Ordinals highlights the growing recognition of its potential for software innovation on the Bitcoin blockchain. As companies like MicroStrategy explore the possibilities of building applications using Ordinals, it could pave the way for increased adoption and a new level of security in the corporate world.

Here are the quick facts:

  • MicroStrategy's Michael Saylor expressed interest in Ordinals and its potential for software development during an interview at Bitcoin 2023.

  • Ordinals, known for creating NFT-like assets on top of Bitcoin, has sparked experimentation and innovation within the Bitcoin community.

  • The protocol has led to the creation of BRC-20 tokens and opened up possibilities for building applications on Bitcoin's blockchain.

  • Saylor believes that embracing Ordinals and developing applications on Bitcoin could enhance adoption and security, benefiting individuals, companies, and governments.

  • He emphasizes the importance of allowing freedom in protocol usage and opposes censorship, noting that Bitcoin's security surpasses that of many enterprise systems.

Saylor's commitment to non-censorship aligns with the values of the Bitcoin community, emphasizing the importance of open protocols and decentralized systems.

Unveiling The Cursed Inscriptions Debate

Cursed inscriptions are inscriptions that currently go unrecognized by the ord protocol, leading to debates about their indexing and identification.

Here are the quick facts:

  • Lead developer Casey Rodarmor proposed a fix to retroactively recognize cursed inscriptions as negative numbers, but discussions continue regarding their integration and future numbering.

  • Some cursed inscriptions were intentionally created to appear "cursed," sparking discussions about their inclusion in the positive inscription index.

  • A contentious conversation revolves around inscriptions using the unrecognized OP_66 opcode, with debates on whether they should be rejected or included in the cursed set.

  • The decision on these issues could impact the transferability and value of cursed inscriptions, leaving inscribers concerned about wasted transaction fees.

As discussions continue, the path forward for ord remains uncertain, but it highlights the evolving nature of Ordinals as a groundbreaking technology built on the Bitcoin blockchain.

Binance Embraces The Ordinal Revolution

Get ready for some NFT excitement! Binance, the world's leading crypto exchange, is diving into the world of Bitcoin Ordinals in its NFT marketplace. Despite facing legal challenges, Binance is boldly expanding its offerings, adding a touch of Bitcoin magic to the booming NFT space.

Here are the quick facts:

  • Binance announces support for Bitcoin Ordinals in its NFT marketplace, defying legal hurdles.

  • Users can now execute Bitcoin NFT transactions directly from their Binance accounts, making it easier and more convenient.

  • The marketplace features an extensive lineup of popular Bitcoin NFT collections, offering a wide range of options for crypto art enthusiasts.

  • BNB, Binance's native cryptocurrency, remains stable amidst the ongoing SEC lawsuit.

  • This integration opens up new possibilities for NFT enthusiasts, allowing them to explore the world of Bitcoin Ordinals on Binance's platform.

With Binance embracing Bitcoin Ordinals, the NFT space gets a boost of excitement and accessibility. Stay tuned for the creative wonders that await as Binance continues to navigate the ever-evolving world of digital art and blockchain innovation.v

Bitcoin Ordinals Rolls Out Upgrade

On June 4, the Ordinals protocol was upgraded to version 0.6.0, the first step in indexing previously unrecognized inscriptions.

Here are the quick facts: 

  • Developers have rolled out a new upgrade for the Bitcoin Ordinals protocol, aiming to address over 71,000 invalid or "cursed" inscriptions, allowing them to be traded.

  • Cursed inscriptions" refer to inscriptions that became invalid and unrecognized due to incorrect use or intentional misuse of opcodes during their creation.

  • The upgrade enables the indexing of specific types of previously invalid inscriptions,

Ordinals creator Casey Rodarmor proposed the solution in late April to identify and convert cursed inscriptions into "blessed" ones.

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