Solana Ecological NFT Project DeGods is cast on the Bitcoin chain based on Ordinals
On February 16, it was reported that DeGods, the Solana ecological NFT project, had used the Ordinals protocol to cast 535 NFTs on the Bitcoin chain. Rohun Vora (Frank), founder of DeGods, said that he and Kevin Henrikson, CEO of Dust Labs, were both long-term lovers of Bitcoin. In the early days of the Ordinals craze, they were very happy to have the opportunity to bring the project to the Bitcoin network. （Decrypt）
Interpretation of this information:
DeGods, a Solana-based non-fungible token (NFT) project, has reportedly utilized the Ordinals protocol to issue 535 NFTs on the Bitcoin blockchain. According to Rohun Vora, the founder of DeGods, he and Kevin Henrikson, the CEO of Dust Labs, were early enthusiasts of Bitcoin, and they were delighted to introduce the project to the Bitcoin network during the Ordinals craze.
NFTs have been rapidly gaining popularity in the crypto industry, with various projects emerging on different blockchain networks. Solana has been one of the emerging blockchain ecosystems that has seen significant adoption from NFT creators, due to its high scalability, low transaction fees, and fast transaction processing time. However, DeGods’ move to mint NFTs on the Bitcoin network may signify the growing appeal of Bitcoin for NFT projects, despite its limitations in terms of speed and scalability.
The Ordinals protocol is a unique platform that enables developers to create provably rare and unique NFTs, which can be used for various purposes such as gaming, art, and collectibles. DeGods has utilized this technology to create their NFTs, which are reportedly available for purchase on the OpenSea marketplace. By casting these NFTs on the Bitcoin network, DeGods has also opened up new opportunities for Bitcoin users to participate in the NFT market and for NFT creators to explore new blockchain ecosystems.
In summary, DeGods’ decision to cast their NFTs on the Bitcoin blockchain signifies the growing interest in Bitcoin as a viable platform for NFT projects. The use of the Ordinals protocol highlights the importance of unique and provable scarcity in the NFT market, and the availability of these NFTs on OpenSea demonstrates the growing acceptance of NFTs as a legitimate asset class.
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