Inscription: A compilation of 30 most promising BTC NFT projects.

Original Title: "30 Most Promising BTC NFT Projects Review"

Original Author: veDAO Research Institute

The frenzy of Bitcoin-based NFTs continues, and on March 7, 2023, Yuga Labs' Bitcoin NFT series "TwelveFold" successfully completed an auction with a highest bid of 7.1159 BTC, generating 735.7 BTC (approximately $16.5 million).

Data source: https://twelvefold.io/

With the improvement of wallets and market infrastructure, the potential of Bitcoin NFT market is huge. The following collects some of the most interesting (and most promising) BTC NFT projects for users to invest in and study. (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" includes 300 limited edition generated art pieces, each engraved on the Bitcoin blockchain; each NFT artwork is a 12 x 12 grid, combining 3D graphics and hand-drawn features, designed and created by Yuga Labs' internal art team. 288 pieces of artwork successfully participated in the auction, and the remaining 12 pieces are reserved for future donations or charitable purposes.

Yuga Labs was founded in 2021 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 industry, especially with the successful BAYC NFT series, and the team has become a well-known name in the crypto industry. Yuga Labs believes that people are still in the very early stages of the Web3.0 metaverse, so they liken themselves to early primates and use primates as their NFT avatars.

2、Ordinal Punks

Ordinals Punks is a PFP collection minted within the first 650 engravings of Bitcoin. The minting will begin at 4:00 am on February 1, 2023 and will take one day to complete. The minting price is 0.01 Bitcoin. Ordinal Punks is an exclusive collection of only 100 Bitcoin NFTs paying tribute to CryptoPunks, one of the earliest Ethereum NFT series.

Ordinal Punks' NFTs are 192192 pixel images generated by anonymous Web3 creator FlowStay using open-source algorithms. As of now, the minimum bid for an Ordinal Punk is 3.7 BTC, while the highest asking price for the most popular Ordinal Punk 78 is 50 BTC. NFT community user dingaling purchased Punk 27 (inscription #444), Punk 48 (ins #483), Punk 73 (ins #599), Punk 80 (ins #606), Punk 88 (ins #614), Punk 91 (ins #617), and Punk 92 (ins #618) for a total of 7 Ordinal Punk collections on February 9th for 15.2 bitcoins (equivalent to 211 ethers), and stated that there is a real moment behind each inscription number.

3、Taproot Wizards

Taproot Wizards is a unique Ordinal series on the Bitcoin blockchain, with the project slogan "Make Bitcoin Magical Again". The series was created by independent Web3 developer Udi Wertheimer and consists of hand-drawn NFT wizards engraved on the Bitcoin blockchain, starting from Inscription 652. The first Ordinal in the series is known for featuring the largest block and transaction in Bitcoin history, reaching up to 4MB. Only six of the wizards have been confirmed on the Magician ID verification page on Discord, 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. The creator of Bitcoin Rocks, ordrocks, minted the first rock in the series at Inscription 71 to commemorate the first rock in the Ether Rocks series.

Bitcoin Rocks also has only 100, some of which have a listing price of up to 1,000 BTC/13,858 ETH (over $22 million).

5、Cyber Pepes

The highest Inscription is 943, with a total of 10 NFTs. Software engineer Jason Rosenstein has written Cyber Pepes into the Bitcoin blockchain. Cyber Pepes is an iteration of the popular Pepe, the main character in the widely circulated Sad Frog meme.

6、Planetary Ordinals

The highest Inscription is 1103, with a total of 69 NFTs. The project is mainly for participating in crowdfunding activities to raise funds for building the first wallet focused on Bitcoin ordinal numbers. Ordinal Bulls is the second series.

7、Rare Scrilla Sounds

The highest Inscription is 1505, with a total of 12 NFTs. This project is the only one that focuses on audio Ordinals NFT series with a height of less than 10000 inscriptions. The Ordinals series is an extension of the Grand Rising music NFT on the Ethereum blockchain.

8、Ordrothkos

The highest Inscription is 1971, with a total of 21 NFTs. Ordrothkos is an art collection engraved on the Bitcoin blockchain with extremely limited supply. This is also the only Ordinals NFT series with GIF animations below 10,000 inscriptions.

9、Inscribed Pepes

The highest Inscription is 2189, with a total of 69 NFTs. This series of NFTs includes pixelated art works that showcase the original sad frog meme character, Pepe, wearing various outfits. The owners of these Ordinals have already created extended content containing Pepes NFTs from this series.

10、BlockMunchers

The highest Inscription is 2405, with a total of 50 NFTs. This project is the first Ordinals NFT series engraved with 3D art on the Bitcoin blockchain. The series is based on the theme that Ordinals NFTs will consume more and more mined Bitcoin block space.

11、Ordinal Penguins

The highest Inscription is 3646, with a total of 100 NFTs. This project is one of the best-selling Ordinals NFTs engraved on the Bitcoin blockchain. The series was 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 Ordinals protocol of the Bitcoin network. It includes 800 video rendering applications stored in the Bitcoin network, which can be used for selfies. You can use preset filters that represent different aesthetic styles of the encryption community 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 with Inscription 10,004, and then mapped from BTC to ETH through tokenURI. It does not involve AWS, IPFS, and Arweave. It is a 2 pure on-chain project that spans the Ethereum and Bitcoin networks and can be transferred in both networks. On February 17th, Chainspace had its initial release, and 780 Chainspace were sold out in less than a minute. The remaining 20 are called X-Portals NFTs, which will be distributed in the future through auctions (18 will be used for auctions) and gifts (2 will be given as gifts to Loot initiator Dom).

As the first NFT with a dual-chain structure, Chainspace stands out by fully utilizing the available resources and infrastructure at the current stage, achieving good results in initial issuance and transaction growth.

13、Timechain Collectibles

Timechain Collectibles is a series of 21 Bitcoin NFTs that showcase different forms of timepieces, such as ancient calendars, pocket watches, and cyberpunk wristwatches. The collection was minted on January 30, 2023, with all pieces cast into one block and bearing consecutive inscriptions numbered from 356 to 377. The Genesis inscription at 356 anchors the entire series. The rarity of each piece in the series varies, with some being more rare than others. The project's Discord is where NFT auctions are held. One of the NFTs, Inscription 364, also known as Timechain Collectible #6, sold for 3.08 BTC ($67,000).

14、Ordinal Loops

Ordinal Loops NFT series are some of the lowest numbered ones in the Bitcoin ordinal sequence, and are highly sought after due to their low numbered inscriptions on the Bitcoin chain. Starting with inscription 452, the first batch of NFTs in this series represent the current narrative chapter of the project, called "No Fiat". The auction prices for object 0 is 0.272 BTC, object 1 is 0.570 BTC, object 2 is 0.800 BTC, and object 3 is 4.178 BTC.

15、Ripcache's Power Source

Cryptographic artist Ripcache (twitter: https://twitter.com/ripcache) recently entered the world of Bitcoin Ordinals for the first time and collected four art pieces paying tribute to "Avatar: The Last Airbender". Each art piece is named after one of the four elements: fire, water, earth, and air.

This series began with Inscription 26,663, which sparked the interest of fans of the animation series and the crypto art community. Given the popularity of "Avatar: The Last Airbender" and the growing trend of collecting rare and unique NFTs, it is expected that these works will be highly sought after.

16, Bitcoin Shrooms

Bitcoin Shrooms is an NFT series of various mushroom designs that have been engraved on the Bitcoin blockchain since Inscription 19. The series is considered one of the earliest ordinal numbers on Bitcoin, some of which are even earlier than the popular Bitcoin Rocks collection. The initial group of these mushroom NFTs is arranged in such a way as to spell out the phrase "The Shrooms R Coming".

The team behind the Bitcoin Shrooms project is still unknown and has not yet auctioned or sold any NFTs. The project's Discord is currently closed, but is expected to open soon, and collectors can look forward to possibly acquiring one of these unique and rare NFTs after they are listed.

17、The Shadow Hats

The Shadow Hats series of NFTs were inscribed on the Bitcoin blockchain starting from Inscription 957. These NFTs feature mysterious figures wearing hats shrouded in shadows. No 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

This series was created by a person named Dan on the Bitcoin chain (Inscription 953). Dan's creative themes often revolve around existentialism, philosophical contemplation, and Irreverent Musings. Inscription 661, titled "I Have Existed," contains a poignant voice recording of Dan speaking to an imagined future alien or artificial intelligence audience in an autobiographical style. Another collection titled "Hard Pills to Swallow" includes a series of preludes with titles such as "Your Unrequited Love" and "Your Insignificance."

19、Toruses

A group of mysterious NFTs called Toruses first appeared on the Bitcoin blockchain in Inscription 341. These mysterious objects have unique colors and designs. Despite the existence of many Toruses, there is little information about their origin or creator.

20、Ornate Ms

NFT designs are like metal band album covers, with several black M-shaped figures, starting from Inscription 294. The Ornate Ms series is both mysterious and interesting - so far, the project background is still unknown.

21、Inscription 0

The first NFT minted on Bitcoin, Inscription 0, is just a black skull with a white mark.

22、Squiggs

Squiggs has a total supply of 53, with the highest inscription being #6613. The name of Squiggs is only a mysterious Twitter handle, and it is a series of 53 NFTs starting from the Inscription.

23、Insignia Art

Starting with Inscription 7596, Insignia Art is an interesting collection of only 16 Bitcoin NFTs. According to its creator, they represent "composable art primitives" that will allow for "rapid reproduction, distribution, and usage of Insignia on the Bitcoin blockchain."

24、OnChainMonkey

Starting from Inscription 20219, the NFT project OnChainMonkey launched by NFT startup Metagood has also joined the Ordinals protocol and launched "Inscription" on the Bitcoin blockchain. Currently, its collection of 10,000 NFTs has all been deployed on-chain. In the team's Twitter space, OCM claims that the size of Inscription is less than 20,000 bytes and can be created for just a few dollars. If true, this could be a scalable model for other NFTs to be created on Bitcoin without blocking the network.

25、 The first Bitcoin Punks

There are two NFT series named Bitcoin Punks, which are derivative products very similar to the classic Ethereum series.

Compared to the Ordinal Punks, the first Bitcoin Punk above represents a different perspective on the CryptoPunk theme. In contrast to the Ordinals series, these 100 Punks have a light blue background and a wider variety of characters and expressions. Starting with Inscription 18, their trading prices are as low as 1 BTC, with the recent sale price of Bitcoin Punk #27 being 1.45 BTC. Bitcoin Punk #4 is currently listed for sale at a high price of 115 BTC.

26、The second  Bitcoin Punks

The main difference of the Second Bitcoin Punks series is that it is a 10K PFP collection. Its engraving time is also later than the 100-piece Bitcoin Punks series, which began with Inscription 5,530. The series has been minted and people have started buying and selling them. Recently, a punk enthusiast purchased two aliens and six ape punks for a price of 3.25 BTC.

27、Ordinal Birds

Ordinal Birds is a derivative series on the Bitcoin chain, consisting of 100 bird ordinals starting from Inscription 2,728. The series has been sold out, but the team is still holding Birds #94, #96, #98, and #100 for founder Kevin Rose. Ordinal Birds has undergone several OTC sales, ranging from 0.17 BTC to 0.72 BTC in sales.

28、Bitcoin Orbs

Bitcoin Orbs Ordinals is the first BTC chain Manifold NFT version, and can only be accessed by those who hold and destroy the Bitcoin Orbs version on Ethereum. The series was created by Joan Westenberg, who plans to make it one of the first series to connect Ordinals with 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. There are a total of 555 pieces of artwork. The trading volume of this NFT on OpenSea is quite considerable, reaching 1199 ETH, and the sales volume of this series has reached 1158 transactions. This project was created by Web3 developer nullish, and the Bitcoin bridging of the NFT is currently being carried out on the project's Discord.

30、Bitcoin Monkeys

Starting from Inscription 38, Bitcoin Monkeys is a series consisting of 2500 unique NFTs, and the NFTs will serve as membership passes for Jungle Club. The benefits and rewards of holding NFTs will increase over time. Jungle Club has a long-term blueprint, and each Bitcoin Monkey will be granted a series of benefits on the project roadmap (certain features or rarity may increase benefits). The project roadmap will provide various gifts and benefits, and the following may play a role in selecting winners in different ways: 1. OG Monkey character 2. Rare features of the monkey 3. Number of Bitcoin Monkeys NFTs held. Project website: https://bitcoinmonkeys.io/; Twitter: https://twitter.com/BTCMonkeys.

Summary

Early cast NFTs have good potential value due to their scarcity, and the NFTs with the first 1000 serial numbers have their information collected on openordex: https://openordex.org/collection?slug=under-1k. In short, the number of NFTs (serial inscriptions) cast 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 (serial inscriptions) have been cast on the Bitcoin blockchain.

Data source: dune, https://dune.com/queries/2031091/3362346

According to different types of MIME (Multipurpose Internet Mail Extensions) types, the content of Bitcoin NFTs includes text, images, HTML files, and even MP3 (music files). The majority of NFTs are minted with text and images.

Data source: dune, https://dune.com/queries/2008613/3324931

According to the latest report from Galaxy Research, the market value of Bitcoin NFTs is expected to reach $4.5 billion by 2025. BTC NFTs represent a new stage in the development of blockchain-based art and collectibles. As more and more artists and creators explore the potential of NFTs, it will be exciting to see what new and innovative collectibles will be engraved on the Bitcoin chain in the coming years.

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