{"id":429619,"date":"2023-08-14T11:12:09","date_gmt":"2023-08-14T11:12:09","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=429619"},"modified":"2023-08-14T11:19:55","modified_gmt":"2023-08-14T11:19:55","slug":"bitcoin-nfts-have-changed-bitcoin-culture-forever-heres-why","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-nfts-have-changed-bitcoin-culture-forever-heres-why","title":{"rendered":"Bitcoin NFTs Have Changed Bitcoin Culture Forever &#8211; Here\u2019s Why"},"content":{"rendered":"<p>Non-fungible tokens hosted on Bitcoin, one of the leading blockchains for crypto and NFTs, continue gaining traction among collectors and investors. In recent weeks, the evolution of Bitcoin ordinals is believed to have entirely changed Bitcoin culture. In this article, we shall dive in-depth to look at whether those sentiments are factual.<\/p>\n<h2>Why Was Ordinal Protocol Created?<\/h2>\n<p>Bitcoin Ordinals found their way into the non-fungible token market sometime this year after Casey Rodarmor, a renowned Bitcoin developer, proved their viability. The Bitcoin developer inscribed NFTs using Ordinal theory, a protocol invented by Bitcoin anonymous creator &ldquo;Satoshi Nakamoto.&rdquo;<\/p>\n<p>Bitcoin Ordinals were conceived as an artistic endeavor, exemplifying the fusion of creative expression with the creation of magic internet JPEGS and PFPs &ldquo;profile pictures.&rdquo; The Big question now surrounds what does that have to do with the Bitcoin culture?<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Ordinals has changed Bitcoin culture forever.<\/p>\n<p>How? &#129525;<\/p>\n<p>&mdash; BG (@BitGod21) <a href=\"https:\/\/twitter.com\/BitGod21\/status\/1690913589048008704?ref_src=twsrc%5Etfw\">August 14, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>It&rsquo;s worth noting that Art holds significant value within the culture as it operates as a creative mirror of societal dynamics. In this context, Art captures and conveys the intricate tapestry of values, beliefs, and emotions prevalent across diverse temporal and communal contexts.<\/p>\n<p>In this capacity, Art transcends basic artistic representation, functioning as an invaluable custodian of historical legacies, safeguarding the vestiges of time and heritage. Art&rsquo;s potency lies in its ability to ignite the flames of ingenuity and discernment, nurturing the soil for innovative thinking and analytical reflection.<\/p>\n<p>The convergence of these attributes culminates in Art assuming the role of a conduit, facilitating the cultivation of both individual and collective identities that drive cultural evolution in the process. In simpler terms, Art is culture. As the art change, the culture changes as well.<\/p>\n<h2>The State Of Bitcoin NFTs Right Now<\/h2>\n<p>Bitcoin ordinals continue spreading their roots in the non-fungible token, with the number of <a href=\"https:\/\/dune.com\/dgtl_assets\/bitcoin-ordinals-analysis\">total inscriptions surpassing<\/a> the 23 million mark. Nonetheless, the hype around Bitcoin ordinal has slightly faded in recent weeks.<\/p>\n<p>Data compiled by CryptoSlam.io, an on-chain data aggregator, Bitcoin Ordinals have attracted a trading sales volume of $365,180, representing a 10% plunge in the past 24 hours. Bitcoin NFTs have flipped from their initial position and are now the seventh most traded NFTs.<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-429629\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Bitcoin-NFTs-1-300x140.png\" alt=\"Bitcoin NFTs\" width=\"831\" height=\"388\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Bitcoin-NFTs-1-300x140.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Bitcoin-NFTs-1-1024x478.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Bitcoin-NFTs-1-768x358.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Bitcoin-NFTs-1.png 1324w\" sizes=\"(max-width: 831px) 100vw, 831px\"><\/p>\n<p>Source: <a href=\"https:\/\/www.cryptoslam.io\/blockchains\/bitcoin\">CryptoSlam.io<\/a>,Bitcoin NFTs sales<\/p>\n<h3>Related NFT News:<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/nft-sales-rise-8-this-week-draftkings-degods-nfts-pump-100-in-sales\">NFT Sales Rise 8% This Week &ndash; DraftKings &amp; DeGods NFTs Pump +100% In Sales<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/crypto-investor-that-burned-5m-in-eth-burns-his-blue-chip-nfts-heres-why\">Crypto Investor That Burned $5M In ETH, Burns His Blue Chip NFTs &ndash; Here&rsquo;s Why<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/top-selling-nfts-this-week-degods-nfts-take-the-top-spot\">Top Selling NFTs This Week &ndash; DeGods NFTs Take The Top Spot<\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">PlayDoge (PLAY) - Newest ICO On BNB Chain<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/05\/playdoge.svg\" alt=\"PlayDoge\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>2D Virtual Doge Pet<\/li>\n                                                                                                    <li>Play To Earn Meme Coin Fusion<\/li>\n                                                                                                    <li>Staking &amp; 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In recent weeks, the <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1882,"featured_media":429626,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.0 (Yoast SEO v22.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin NFTs Have Changed Bitcoin Culture Forever - Here\u2019s Why<\/title>\n<meta name=\"description\" content=\"In recent weeks, the evolution of Bitcoin ordinals is believed to have entirely changed Bitcoin culture. 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Dominic holds a Bachelor's degree in Journalism, Media and Mass Communication Studies and has been blogging and producing educational materials for retail investors in the financial markets since graduating. Dominic also produces his own NFT and crypto newsletter, taking the initiative to set up his own mailing list with free articles which he uses for reverse outreach to leading media publications. Find and subscribe to that on Substack.","sameAs":["https:\/\/www.linkedin.com\/in\/dominic-kimani-633ba31b2?lipi=urnlipaged_flagship3_profile_view_base_contact_detailsZjwLB50NTrGSuvuR6WrgPw","https:\/\/twitter.com\/domkim2030"],"gender":"male","knowsAbout":["Cryptocurrency","Trading","Investing"],"jobTitle":"Editor","url":"https:\/\/insidebitcoins.com\/news\/author\/dominic"}]}},"modified_by":"Dominic Kimani","_links":{"self":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/429619"}],"collection":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/users\/1882"}],"replies":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/comments?post=429619"}],"version-history":[{"count":4,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/429619\/revisions"}],"predecessor-version":[{"id":429643,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/429619\/revisions\/429643"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media\/429626"}],"wp:attachment":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media?parent=429619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/categories?post=429619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/tags?post=429619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}