🍯 Introducing Ordinal Hive

Here at Ordinal Hive, we are thrilled to announce our rebranding and refocused mission as we transition to becoming a premier platform for exploring the world of Bitcoin Ordinals.

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Ordinal Hive
June 01, 2023

Good morning: Yes, we’ve rebranded and we added a little bit of flair to our Newsletter. We will now be covering Ordinal Content. What is that you might say? Read more to find out!

  • NFT Market - The world of Ordinals has many new things in store for us. At the top of the list we have Bitcoin Frogs. Yes, it is a frog, and yest it does live on Bitcoin. They’ve had over $1.8M in Bitcoin trading volume within this past week.

  • Trending Collections

Today's edition:

  • 🍯 Introducing Ordinal Hive

  • 🔋 New BRC-721E Standard Converts NFTs

  • 🐨 Upcoming Bitcoin Mint: BTC Koalas

  • 🔥 BTC Ordinals Continue To Heat Up

  • 🪙 Crypto Skeptic Peter Schiff To Launch Ordinal Collection On BTC

  • 🌍 Crypto Suddenly Braced For A Huge China Earthquake (Forbes)

  • 🍎 Solana’s Co-Founder Sees Potential For His Blockchain (TechCrunch)

  • ⚠️ Bali Governor Warning To Tourists Using Crypto (CoinTelegraph)

  • ♊ Billionaire Twins In Crisis Mode As Gemini Faces Setbacks (CryptoNews)

  • 🏀 Shaq Is Latest Celebrity To Be Sued Over Sale Of NFTs (ArtNews)

  • 📃 BTC Ordinals To Bridge Ethereum NFTs W/ BRC-721E (CoinTelegraph)

  • 🧑‍🎨 NFT Artist Reveals Upcoming Collection "Fewos" (CoinDesk)

  • 💹 TradeFi Giant TPICAP Brings Crypto Spot Trading (CoinDesk)

  • 🦅 Crypto Braced For $1.1 Trillion Fed Panic (Forbes)

  • 💻 Satoshi Labs Rills AI Tool That Turns Selfies Into NFTs (CoinDesk)

Introducing Ordinal Hive

Here at Ordinal Hive, we are thrilled to announce our rebranding and refocused mission as we transition to becoming a premier platform for exploring the world of Bitcoin Ordinals. Embracing the uniqueness of this technology, we are dedicated to providing you with insightful discussions, news, and trends surrounding Bitcoin Ordinals.

Here are the quick facts:

  • Formerly known as Minute Crypto, we have rebranded to align with our exclusive focus on Bitcoin Ordinals.

  • Our mission is to explore and highlight the potential of Bitcoin Ordinals, enabling collectors and traders to delve into the fascinating world of digital artifacts.

  • Through our platform, we aim to educate and engage with enthusiasts about the key differences between Ethereum NFTs and Bitcoin Ordinals, emphasizing the advantages of the latter.

  • Ordinal Hive will feature in-depth discussions, informative articles, and the latest updates on the technology, news, and hottest releases in the realm of Bitcoin Ordinals

  • We will still highlight important news and articles for those interested in Web3, Crypto or NFTs in “Around The Hive” section up above.

As we embark on this new chapter, we invite you to join our vibrant community of like-minded individuals, passionate about the decentralized possibilities that Bitcoin Ordinals offer.

New BRC-721E Token Standards Converts NFTs

Unlocking a new era of interoperability, Bitcoin Miladys introduces the BRC-721E token standard, enabling the conversion of Ethereum-based NFTs to the Bitcoin network. This collaboration with Ordinals Market and Xverse creates a bridge between the two blockchains, allowing traders to inscribe their ERC-721 tokens onto satoshis.

Here are the quick facts:

  • Bitcoin Miladys introduces BRC-721E token standard for NFT conversion.

  • Ethereum-based NFT holders can burn their tokens and inscribe them onto the Bitcoin network.

  • Ordinals Market offers on-chain previews and metadata for converted NFTs.

  • Ordinals surpasses 10 million inscriptions, demonstrating rapid growth since January.

  • Bitcoin rises to second place in NFT trading volumes, trailing behind Ethereum.

The increasing popularity of ordinals and Bitcoin's climb in the NFT trading charts indicate a growing demand for cross-chain interoperability. Brace yourselfs because there is more to come.

Upcoming BTC Mint: BTC Koalas

Get ready for the cutest blockchain event of the year! On June 2nd, 5000 adorable 3D koalas will make their debut on the BTC blockchain. With a meticulous design and limited supply, these koalas are set to become highly sought-after art pieces.

Here are the quick facts:

  • Project Name: BTC Koalas

  • Launchpad: Luminex

  • Supply: 5000 koalas

  • Mint Price: 0.009 BTC

  • Launch Date: June 2th

Don't miss out on this opportunity to own a limited edition and join the giveaway events for some extra koala fun!

BTC Ordinals Continue To Heat Up

The Bitcoin ordinal inscription craze shows no signs of cooling down, with over 10 million inscriptions and $44.3 million in fees earned to date. Despite a momentary hiccup in May, when the network strained under the weight of surging activity, inscriptions have rebounded, recording 262,889 in just three days.

Here are the quick facts:

  • The total number of Bitcoin ordinal inscriptions reaches an impressive 10,141,434, generating $44.3 million in fees.

  • The majority of inscriptions are related to the BRC-20 token standard, comprising over 80% of the total.

  • Recent spikes in ordinal activity caused network congestion, but the protocol continues to process transactions smoothly.

While some critics label ordinals as network spam, the popularity of this protocol remains unwavering, as it continues to mint new assets and inscribe data on the Bitcoin blockchain.

Crypto Skeptic Peter Schiff To Launch Ordinal Collection On BTC

Prepare for a twist in the tale as Peter Schiff, renowned crypto skeptic, flips the script with his "Golden Triumph" NFT collection on the very Bitcoin network he has long criticized. With a hand holding a bar of gold as the centerpiece, Schiff's collection embodies the irony of embracing blockchain's potential for asset ownership.

Here are the quick facts: 

  • Vocal crypto skeptic Peter Schiff surprises the community by unveiling the "Golden Triumph" NFT collection on the Bitcoin network.

  • The collection features a physical painting, prints, and 50 digital Ordinal NFTs inscribed on Bitcoin.

  • Schiff's move highlights the potential of blockchain technology for verifiable ownership, sparking mixed reactions from the crypto community

The unexpected turn of events leaves the crypto community both perplexed and amused, proving that even skeptics can find value in the world of NFTs.

Thank you for joining us in this week's Ordinal Hive Newsletter!

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See you next week!