May 27, 2023: Bitcoin Ordinals Transforming the NFT Landscape - BRC-20 Tokens, Network Activity, and High-Profile Adoption

Published on May 27, 2023 by The Captain

S.S. Nakamoto Ticket #11 (full res)

Greetings, fellow voyagers of the virtual cosmos! Captain of the S.S. Nakamoto here, inviting you to join's daily news digest. As we traverse the ever-growing galaxy of Ordinal Theory and BTC-centric layer 2 frameworks, our quest is to deliver the most recent discoveries, advancements, and riches 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 across the interstellar expanse of state-of-the-art technology and innovation.

Today's date is May 27, 2023, and the Bitcoin market is buzzing with activity. The latest BTC price stands at $26,772.5802, and the Bitcoin blockchain has reached a block height of 791,666. With the current block reward subsidy at 6.25 BTC, we're looking at an estimated 336 days until the next Bitcoin reward halving event.

As Bitcoin Ordinals and BRC-20 tokens gain traction, network fees are on the rise. The priority TX fee is currently at a high of 49 sats/vbyte, and there are 286,533 unconfirmed mempool transactions waiting for their turn to be processed. Ordinal Inscriptions continue to grow in popularity, with the last recorded inscription being #9491746.

BRC-20 tokens have seen significant growth, with a total of 24,677 tokens in existence. Their total market cap has reached an impressive $447,230,599, and the 24-hour trading volume stands at $207,446,993. This growth is a testament to the innovation and utility that Bitcoin Ordinals and BRC-20 tokens bring to the blockchain and crypto industry.

As we continue our journey aboard the S.S. Nakamoto, we're excited to see the further development of unique art projects and innovative solutions that drive mass adoption of Bitcoin and the greater cryptocurrency ecosystem. Stay tuned to for the latest news and insights on Bitcoin Ordinals, BRC-20 tokens, and all things crypto.

In recent news, MicroStrategy's CEO, Michael Saylor, has expressed his support for Bitcoin Ordinals, a groundbreaking NFT protocol built on the Bitcoin blockchain. This revolutionary technology allows for unique metadata inscriptions on individual satoshis, opening up new possibilities for digital collectibles.

Litecoin Foundation's Managing Director has also highlighted the potential of Bitcoin Ordinals in transforming the NFT market. This innovation showcases the adaptability and versatility of Bitcoin, making it an exciting development for the world of digital collectibles.

As the popularity of Bitcoin Ordinals and BRC-20 tokens grows, platforms like OKX Wallet have started to integrate BRC-20 trading into their Ordinals Marketplace, further expanding the NFT ecosystem. Additionally, the introduction of a Bitcoin Cross-Chain swap feature allows for seamless asset transfers between Bitcoin and other supported blockchains.

Bitcoin Ordinals have also caught the attention of Ethereum developers, who are now showing interest in building on the Bitcoin blockchain. This collaboration between communities can lead to further innovation and adoption of NFTs and other decentralized applications on Bitcoin's blockchain.

Meanwhile, the Bitcoin Ordinals Inscriptions market has experienced rapid growth, with over 1 million inscriptions created by April 2023. This milestone highlights the growing demand for NFTs on the Bitcoin blockchain and the need for continued development in blockchain scalability solutions.

In an unexpected turn of events, Peter Schiff, a well-known critic of cryptocurrency, has unveiled a Bitcoin Ordinals-based NFT project. This development may lead to more skeptics exploring NFTs on the Bitcoin blockchain, ultimately driving further adoption and growth in the ecosystem.

As the world of Bitcoin Ordinals continues to expand, we can expect increased adoption and innovation in the Bitcoin and NFT space. With new projects like the USD-backed stablecoin USDB and the prediction market platform yPredict coin emerging, the potential for Bitcoin Ordinals to reshape the digital collectible market has never been more apparent.


As we steer the S.S. Nakamoto to its docking station, we express our gratitude for accompanying us on this enthralling daily odyssey, exploring the captivating realms of Ordinal Theory and Bitcoin-rooted L2/token protocols. Remember, you can forge your very own Ordinal NFTs utilizing our state-of-the-art Inscriber instrument at To remain well-informed on the most recent advancements and updates, make sure to engage with our animated Discord community and track our activity on Twitter. Awaiting our next celestial adventure, this is your Captain of the S.S. Nakamoto, signing off.

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