The fund is offering $100K in seed money to startups focused on Ordinals with an emphasis on developer tools, accessibility, Web3, DeFi, and more.
Essentially, Ordinals are just inscriptions made on individual units of a digital asset. They're similar to a painter creating limited edition lithograph prints of a famous piece and then numbering them.
Typically, the lowest numbers would have more perceived value by collectors even though the prints are considered exactly the same. Adding to this collectibility is the fact that data can be “inscribed,” or stored, within a Bitcoin Ordinal, making it function a bit like a nonfungible token. Bitcoin Ordinals are made up of satoshis, the smallest digital asset on the Bitcoin blockchain. They can be inscribed with up to four megabytes of data. This makes it possible to embed text and images in each Ordinal.
Despite having only existed since the end of January, 2023, Ordinals have had a major impact on the blockchain and cryptocurrency communities.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Bitcoin dominates as crypto fund inflows rebound amid US inflation dataDigital asset investment products recorded inflows of $28.5 million last week, reversing a three-week trend of outflows.
Lire la suite »
Spot Bitcoin ETF Applications Face More Delays – Bitcoin NewsThe SEC’s request for comment on the spot bitcoin ETF filing seeks views on whether the proposal meets regulatory standards.
Lire la suite »
Microstrategy's Stock Soars 206% After Adopting Bitcoin Strategy – Featured Bitcoin NewsMicrostrategy’s stock (Nasdaq: $MSTR) has risen 206% since the company adopted bitcoin as its Primary Treasury Reserve Asset. $BTC
Lire la suite »
VC fund headed by former Binance strategy chief closes first fund at $50 millionA joint venture focused on early-stage stage investment in crypto startups — led by former Binance strategy chief Gin Chao — closed its first fund at over $50 million.
Lire la suite »
Study Shows Bitcoin Mining Could Accelerate Transition to Renewable Energy – Mining Bitcoin News.A newly published study suggests bitcoin mining could actually help drive the transition to renewable energy sources.
Lire la suite »
A Tumultuous August: Peaks and Valleys in Bitcoin's Ordinal Inscription Saga – Bitcoin NewsStatistics reveal a continued trend in the number of Ordinal inscriptions on Bitcoin, which recently eclipsed the 23 million mark.
Lire la suite »