What is your opinion on NFTs minted and traded on BTC?
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You may have already heard about The Ordinal Punks.
The collection was created on the Ordinals bitcoin protocol, which uses the latest network improvements focused on security and efficiency, the so-called Taproot upgrade.
It also included a function to expand the block size beyond the standard limit of 1 MB, thus enabling the storage of jpegs and other similar digital formats. The Ordinal Punks bitcoin collection sold out last month and, like CryptoPunks, was created by an algorithm in the style of retro pixel art.
What do you think about this NFTs' comeback?
Replies
Alexis Khvatov@alekswatch
I think NFTs minted and traded on BTC offer an exciting way to earn money while diversifying one's investments. They also provide an opportunity to invest in unique digital assets with potentially high resale value. However, it is important to weigh the risks involved when investing in NFTs as their value can fluctuate quickly and without warning.
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I think NFTs minted is a long process and a unfamiliar action for normal users in bitcoin community, because the may need quite a long time to design a new NFT. If they don't have art talent or ability, their NFT may never attract other's attention, but what they want to mint is at least valuable for themselves, so I think they need a easier way to mint whatever is precious for them ,that's what we do! we can mint any URL to NFT in a second!!!
A short-term meta in my opinion. NFTs on BTC are impractical.
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