The founder of DeGods announced that 535 destroyed NFTs have been “resurrected” in the Bitcoin blockchain
According to reports, Frank DeGods, founder of DeGods, announced on social media that 535 DeGods NFTs that had been destroyed before had been “resurrected” on the Bitcoin blockchain through Ordinals. Frank DeGods said that the 535 recast NFTs were not randomly generated, but were all in a Bitcoin block. According to the data of Dune Analytics, the number of NFT “inscriptions” of Bitcoin minted by the Ordinals protocol has reached 77059.
Interpretation of this information:
The message discusses the existence of DeGods non-fungible tokens (NFTs) being “resurrected” on the Bitcoin blockchain through Ordinals, a protocol that mints NFT “inscriptions” on Bitcoin. Frank DeGods, the founder of DeGods, revealed on social media that 535 of their previously destroyed NFTs had been brought back to life on the blockchain. DeGods NFTs are unique digital assets that represent various forms of art and have been precious to collectors who purchase them as investments or for display purposes.
Perhaps the most significant aspect of this announcement is the fact that the recast NFTs were not predetermined, but all in a Bitcoin block. This means that the NFTs were not randomly generated but had been a part of a specific block of Bitcoin transactions. As the DeGods NFTs have their own value, the fact that they are now a part of the Bitcoin blockchain may increase their value even further. Further, it also emphasizes that there is a possible alignment of NFTs and the world of blockchain technology.
The Ordinals protocol on the Bitcoin blockchain has seen an increasing number of NFT inscriptions, and according to Dune Analytics, the total number has reached a staggering 77059. This indicates the consistent adoption of NFTs and the utilization of blockchain technology; the demand of unique digital assets is not slowing down.
In conclusion, the emergence of DeGods NFTs on the Bitcoin blockchain marks an era of the recognition and importance of NFTs in the blockchain industry. The resurrection of previously destroyed NFTs further emphasizes that their uniqueness and value can be resurrected or highlighted by linking them with blockchain technology.
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