The SuperRare marketplace for nonfungible tokens (NFTs) has entered the Bitcoin Ordinals ecosystem through its partnership with the Bitcoin-based art platform Gamma. This move signifies SuperRare’s shift towards becoming more multichain in its operations, as it previously only supported transactions on the Ethereum blockchain.
Zack Yanger, the senior vice president of SuperRare Labs, explained that the decision to expand into Bitcoin NFTs was driven by the strong interest shown by their artist community. This prompted them to explore Ordinals as a means of supporting artists on their platform. Yanger also emphasized the liquidity benefits that Bitcoin Ordinals offer to artists.
Yanger noted that since delving into the Bitcoin Ordinals ecosystem in 2023, he has encountered numerous individuals involved in this space and has witnessed significant development within Ordinals. He praised the teams working on Ordinals for their thoughtfulness and intelligence.
Although Ordinals is seen as an innovative protocol by many, not all members of the crypto community share the same enthusiasm. Some criticize Ordinals for introducing digital spam to the Bitcoin network. Despite this, Yanger believes that Bitcoin Ordinals are here to stay, particularly for the higher-value segment of the digital art market where transaction fees are less of a concern.
Yanger also expressed curiosity about the future of inscription fees as the price of Bitcoin continues to rise. He referred to Bitcoin’s recent price surge, with the cryptocurrency reaching a new all-time high of $73,737.94 on March 14, according to CoinGecko.
SuperRare has made its debut on Bitcoin Ordinals with a collaboration with the artist Killer Acid on an NFT collection titled “No Brainers.” Killer Acid is well-known for creating mysterious, humorous, and intricately detailed psychedelic art.
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