June 1, 2023: Bitcoin Ordinals Surpass 10 Million Inscriptions - The Impact on NFTs, BRC-20 Tokens, and the Future of Digital Collectibles

Published on June 1, 2023 by The Captain

S.S. Nakamoto Ticket #15 (full res)

Greetings, fellow voyagers of the virtual cosmos! Captain of the S.S. Nakamoto here, inviting you to join Ordinal-Drop.com's daily news dispatch. As we traverse the ever-growing galaxy of Ordinal Theory and BTC-centric layer 2 frameworks, our objective is to deliver the most recent breakthroughs, advancements, and gems in the realm of NFTs and tokens on the Bitcoin Blockchain. So, secure your harnesses and get ready for takeoff as we embark on yet another exhilarating journey through the interstellar domain of avant-garde technology and ingenuity.

Today's date is June 1, 2023. The latest BTC price (USD) is $26,951.1391, with the Bitcoin blockchain currently at block height 792411. The current block reward subsidy stands at 6.25 BTC, with an estimated 330 days remaining until the next BTC reward halving event.

Network congestion is at an all-time high, with priority transaction fees reaching a staggering 63 sats/vbyte, resulting in a massive backlog of 298,755 unconfirmed mempool transactions. Despite this, the Bitcoin Ordinals ecosystem continues to thrive, as the last Ordinal Inscription reached #10400470.

In the realm of BRC-20 tokens, there are now 24,677 unique tokens in existence, boasting a total market cap of $475,058,296.00 and a 24-hour trading volume of $207,682,272.00. The growth in the BRC-20 token ecosystem further highlights the increasing interest in Bitcoin Ordinals and their potential to reshape the landscape of digital collectibles.

As we continue to explore the vast potential of Bitcoin Ordinals and BRC-20 tokens, it's essential to stay informed and up-to-date with the latest market data and network stats. Keep an eye on our blog for more updates on the ever-evolving world of Bitcoin, NFTs, and the S.S. Nakamoto's journey through the blockchain cosmos.

As we celebrate the recent milestone of surpassing 10 million inscriptions on Bitcoin Ordinals, it's hard to ignore the impact this groundbreaking protocol is having on the world of NFTs and cryptocurrency. The rapid growth of Bitcoin Ordinals and the increasing popularity of BRC-20 tokens demonstrate the immense potential of this innovative technology.

Casey Rodarmor, the creator of Bitcoin Ordinals, recently announced his decision to step down from his role, paving the way for new opportunities and fresh perspectives within the project. Despite initial doubts about the viability of the Ordinal protocol, the impressive growth in inscriptions highlights the adaptability and versatility of the Bitcoin blockchain.

Bitcoin Ordinals are revolutionizing the digital collectible space, opening new doors for digital art projects and unique metadata inscriptions on individual satoshis. As the ecosystem continues to evolve, we can expect even more exciting use cases and applications that will attract more users to the world of blockchain and cryptocurrency.

The increasing interest in Bitcoin-based NFTs and tokens has led to a surge in activity on the Bitcoin network, driving up transaction fees and reigniting discussions about scaling solutions. As Ordinals continue to gain traction, we may witness increased adoption and investment in Bitcoin, potentially driving its price to new heights.

Here at Ordinal-Drop.com, aboard the S.S. Nakamoto, we remain committed to keeping our readers informed about the latest developments in the Bitcoin Ordinals ecosystem. As we look forward to the future of NFTs on the Bitcoin blockchain, we can't help but feel excited about the endless possibilities and opportunities that lie ahead.


As the S.S. Nakamoto returns to its harbor, we express our gratitude for accompanying us on this enthralling odyssey through the realm of Ordinal Theory and Bitcoin-oriented L2/token frameworks. Remember, you can craft your personalized Ordinal NFTs utilizing our state-of-the-art Inscriber instrument at Ordinal-Drop.com. To remain well-informed on the most recent advancements and happenings, make sure to engage in our vibrant Discord society and follow our Twitter presence. Awaiting our subsequent interstellar expedition, this is your Captain of the S.S. Nakamoto, signing out.

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