NFT is no longer a strange term for crypto investors, however, most people are using NFT on Layer 1 blockchains like ETH or Solana. Currently, a new form of Bitcoin Ordinals appears, which refers to NFTs on the Bitcoin blockchain and is receiving a lot of attention.

Read more What are Ordinals? https://theblock101.com/ordinals-la-gi-tong-quan-ve-bitcoin-nft

Here are some terms related to Ordinals NFTs you need to know.

1. Bitcoin Ordinals

Ordinals NFTs are NFTs created using the Bitcoin network. What is special about this project is that it allows NFTs to be created on the Bitcoin blockchain and validated by Bitcoin network nodes.

Ordinals is also the protocol name used to create Bitcoin Ordinals. This protocol is designed to ensure the safety and security of NFTs created on the Bitcoin network. Bitcoin Ordinals can be digital works of art, video games, cards, tickets, sounds, etc.

2. Inscription

  • Is content engraved onto sats to create Bitcoin NFTs. You can also understand Inscription as NFT on the Bitcoin network.

  • Sats are the smallest unit of Bitcoin, 1 BTC = 100,000,000 sats, each sats has its own serial number every time it is created.

  • The operation of engraving Inscriptions onto sats, called Inscribe, is similar to the “mint” operation for regular NFTs.

Because Inscription is stored on the Bitcoin blockchain, it is highly safe and secure. Anyone who wants to check the accuracy of an Inscription can do so by confirming the corresponding sats number on the Bitcoin blockchain.

3. Wine Ordinals Wallet

A place to buy, sell and store Ordinals NFTs and inscriptions on Bitcoin.