Unordinals NFTs Soar as Users Race to Acquire First BTC NFT

Excitement Builds for BTC NFT Collection 

The introduction of NFT Ordinals has disrupted the crypto space, particularly on the Bitcoin Blockchain.

Holding your very own BTC NFT is now a reality for users, as Unordinals continue to make impressive headway in the space.

Unordinals is described as the original 1000 PFP collection on BTC. While we’ve already seen the kind of influence the likes of Cryptopunks have wielded in the space, bringing in external interest and excitement, Unordinals have begun to show similar signs of promise. We reached out to the proejct founder, Untoshi, to learn more about what inspired the innovative project.

"I found out about ordinals from one of my close friends at around 7k inscriptions and I instantly knew that this wasn't going to be a 1 week hype train," Untoshi comments, going further. "During this time ordinals were a very complicated process and I wanted to find a way to introduce people people into the ordinal space in the easiest way possible. After talking with a couple people I found a way to be able to bridge your ETH NFT onto the BTC blockchain via a burning mechanism."

Untoshi has been described by the community as a figure of intrigue who is lurking in the shadows. His move to inscribe the collection on BTC has proven to be an inspired decision as excitement builds around the collection. The process in acquiring an Ordinal NFT in your BTC wallet involves users burning their ETH NFT through the seamless burn mechanic the project has constructed. 

"Most of the projects that were already on BTC were some sort of derivative or had an extremely low supply, where there wouldn't be enough NFT's to sustain an active community. So I instantly knew I wanted to do something original and with a higher supply if I wanted to stand out. I have another close friend who is a pretty good pixel artist so I pitched him the idea and he had the art done in about 2 days. I went ahead with the launch and then fast forward to today we are sitting at a 2+ ETH floor price, 1200+ ETH volume traded, over 30% of NFT's bridged from ETH to BTC via the burn mechanism and last but not least one of the best communities I could ever ask for," Untoshi added exclusively to BSC News.

The first thing that becomes apparent from Untoshi upon our communication is how much of a humble builder he is, with his story likely to inspire many others in the space that have been considering a similar move.

While an impressive 27% have already been burned, there doesn’t seem to be an immediate rush for users as they await further development of the Unordinals Wallet. Untoshi has been quoted as saying users should take the plunge when they feel ready. Where users have certainly been more active is in the acquisition of the initial Unordinals ETH NFT. The past week has seen a huge surge in purchases as many recognize the value of holding a new BTC NFT in the near future. 

We'll leave you a final hopeful note from the project founder himself:

"As I mentioned earlier, I think BTC NFTs are here to stay. We are the first 1k supply original pfp collection on BTC and our goal is to be the #1 BTC collection and we are going to do whatever it takes to achieve that. What Is Dead May Never Die."

What is Unordinals:

Unordinals are a 1,000 sized inscription collection inscripted on BTC in the 45-55k space. What makes this project unique is that it is part of a new generation of NFTs that are minted on the Ethereum blockchain and then allow the NFT holder to burn it and receive a BTC ordinal NFT in its place. 

These NFTs can be purchased on popular ETH marketplaces such as Opensea and Blur, which is an innovative way to attract more users to the space. The initial public mint for Unordinals was priced at 0.05 ETH, and the current floor on Opensea is 0.309 ETH. 

It is worth noting that the website features a live counter of burns, which currently stands at 184/1,000, indicating that most holders are choosing not to burn for an ordinal at this time. However, as users become more familiar with the ordinal wallet, it is expected that more burns will occur.

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DISCLAIMER: It should be noted that members of the team at BSC News hold Unordinals NFTs. The team at BSC News is committed to providing unbiased coverage and will strive to present all information accurately and objectively. Readers are encouraged to conduct their own research and make their own informed decisions regarding Unordinals and any related investments.