• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
  • Shop
What's Hot

ZachXBT reveals Coinbase users lost another $45M in a week to ongoing social engineering scams

2025-05-07

What is a Layer-1 (L1) Blockchain? L1 Problems & Future

2025-05-03

What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

2025-05-02
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
Twitter Instagram YouTube
Crypto Semantic
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of January 28

    2025-02-03

    Op-Ed: The Artist and the Artificial Sublime

    2025-01-20

    Zora launches onchain NFT secondary markets with Uniswap

    2024-08-12

    NFT sales surge led by DMarket on Ethereum

    2024-08-12

    Top NFT Collections by Sales This Week: DMarket Surges Ahead

    2024-08-11
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Analyst Says Momentum Is Going To Switch to Ethereum, Predicts Capital Rotation to Altcoins

    2024-02-20

    Bitcoin Price Rally In Jeopardy? Decoding Key Hurdles To More Upsides

    2024-02-19

    Arweave’s AR token hits 18-month high amid rapid growth and innovation

    2024-02-19

    Largest Bitcoin Whales Gobble Up Nearly $13,000,000,000 Worth of BTC in 2024 Alone: Santiment

    2024-02-19

    NEAR Skyrockets 30% – Investors Intrigued By These Metrics

    2024-02-19
  • Learn

    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    2025-05-03

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    2025-05-02

    What Is a Layer-0 Blockchain Protocol?

    2025-05-02

    What They Are and What They Are For

    2025-04-17

    What It is & Why it Matters

    2025-04-16
  • Market Cap
  • Shop
Crypto Semantic
Home»NFT»Ordinals Launches Non-Profit to Support Open-Source Developers
NFT

Ordinals Launches Non-Profit to Support Open-Source Developers

2023-08-02No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Ordinals, a reasonably new protocol that enabled digital collectibles akin to NFTs to be added to the Bitcoin blockchain (reasonably than merely operating off Ethereum), introduced on Tuesday the creation of a non-profit group that can assist fund and assist the open-source growth of those NFTs. 

The Ordinals protocol workforce is proud to announce the launch of the Open Ordinals Institute, a 501(c)(3) non-profit group to foster the expansion and development of the Bitcoin Ordinals protocol. Donations may be made at our web site: https://t.co/H7ymKSL4VR

— Open Ordinals Institute (@ordinalsorg) August 1, 2023

The Open Ordinals Institute, which is a registered 501(c)(3), will gather donations in Bitcoin to kick off its mission in serving to bolster the efforts of its core builders, together with the just lately appointed lead and nameless Ordinals Protocol maintainer who goes by the identify of “Ralph.” 

The Ordinals protocol debuted in January after its programmer, Casey Rodarmor, launched “Inscriptions” to the Bitcoin mainnet. Till now, the monetary backing for the Ordinals workforce primarily got here from Rodarmor’s private funds, supplemented by beneficiant contributions directed to the core builders.

In Might, Ordinals reached 3 million inscriptions, adopted by Bitcoin’s community rating at second with the very best NFT buying and selling quantity, in accordance with CryptoSlam.

As a part of Tuesday’s announcement, the workforce has additionally launched the Ordinals.org platform. This website, designed to offer updates on protocol developments, will now characteristic an possibility for supporters to contribute donations on to the institute by way of two devoted Bitcoin pockets addresses.

Supply: Ordinals.org

Talking concerning the rationale behind the non-profit initiative, Ordinally, a core developer at Ordinals, emphasised the significance of sustaining the integrity of the protocol. In a press assertion, Ordinally talked about that the institution of a non-profit was the “cleanest manner” to pretty compensate builders with out jeopardizing the protocol’s foundational rules.

See also  Inside Sam Spratt's Cult of Luci and The Monument Game

Erin Redwin, a board member of the Open Ordinals Institute, shared insights with CoinDesk concerning the broader imaginative and prescient of the non-profit, highlighting the institute’s aspiration to empower builders, thereby amplifying the potential of Bitcoin-based NFTs. 

“Given Ordinals’ unprecedented tempo of adoption and real-world implications for numerous crypto-economies, we consider it’s essential to fund a powerful workforce of non-corporate funded builders to make sure the safety and neutrality of this open-source protocol,” Redwin stated, including that “[c]ompanies throughout Web3 ecosystems – together with Ethereum, Solana, Stacks, and others – are shortly constructing Ordinals infrastructure after beforehand believing NFT-functionality ‘wasn’t doable’ on native Bitcoin.”



Source link

developers Launches Nonprofit opensource Ordinals Support
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

All Eyes on Art: Upcoming Collections to Watch the Week of January 28

2025-02-03

Trump family’s memecoin launches spark frenzy of scam tokens

2025-01-21

Op-Ed: The Artist and the Artificial Sublime

2025-01-20

Flamingo launches f- and p-asset migration, wave three of LP changes, new collateral assets

2024-09-26
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Altcoins

Terra Luna Classic Rebounds From A 2-Month Low: How Long Can Bulls Sustain The LUNC Price?

2023-10-10

After every week of notable declines in Terra Luna Traditional (LUNC) worth, the altcoin has…

Blockchain

ZenGo proposes solution to tackle offline signature exploits with EIP-6384

2023-02-02

Blockchain ZenGo, a crypto safety and pockets supplier, has launched an answer to deal with…

DeFi

Perp DEX trading volume hits new heights with 395% annual surge

2024-05-07

Decentralized perpetual contracts exchanges (perp DEX) registered an all-time excessive in month-to-month buying and selling…

Subscribe to Updates

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Twitter Instagram
Popular Post

South Korean Lotte Group partners with Polygon to drive NFT globally

2023-02-27

Crypto Analyst Predicts Massive XRP Crash To $0.34

2024-01-20

Ethereum Price Prints Bearish Technical Pattern, Why It Could Revisit $1,800

2023-07-10

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
© 2025 cryptosemantic.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$102,654.003.96%
  • ethereumEthereum(ETH)$2,202.3119.51%
  • tetherTether(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.316.50%
  • binancecoinBNB(BNB)$624.082.87%
  • solanaSolana(SOL)$162.568.42%
  • usd-coinUSDC(USDC)$1.000.00%
bitcoin
Bitcoin (BTC) $ 102,830.55
ethereum
Ethereum (ETH) $ 2,199.99
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.31
bnb
BNB (BNB) $ 624.70
solana
Solana (SOL) $ 162.83
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.195379
cardano
Cardano (ADA) $ 0.771686
tron
TRON (TRX) $ 0.256505