May 29, 2023: Bitcoin Ordinals and BRC-20 Tokens Surge, Influencing Market Dynamics and Attracting Industry Leaders

Published on May 29, 2023 by The Captain

S.S. Nakamoto Ticket #13 (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 protocols, our objective is to deliver the most recent advancements, revelations, 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 state-of-the-art technology and innovation.

Today's date is May 29, 2023, and the latest BTC price stands at $27,677.9320. The Bitcoin blockchain has reached a block height of 791,979, with the current block reward subsidy being 6.25 BTC. There are approximately 333 days left until the next BTC reward halving event.

The priority TX fee remains high at 51 sats/vbyte, and the unconfirmed mempool transactions have surged to 296,208. This increase in transactions is partially due to the growing popularity of Bitcoin Ordinals and the BRC-20 token ecosystem.

Speaking of Bitcoin Ordinals, the last Ordinal Inscription was #9961579, further emphasizing the widespread adoption of this innovative technology. There are now a total of 24,677 BRC-20 tokens in existence, boasting an impressive market cap of $433,198,296.00 and a 24-hour trading volume of $207,143,012.00.

As we continue to monitor the growth of Bitcoin Ordinals and the BRC-20 token ecosystem, it is essential to keep an eye on the network stats and market data to stay informed. The S.S. Nakamoto will keep sailing through the cryptocurrency space, bringing you the latest updates and insights into the ever-evolving world of blockchain technology, Bitcoin, and NFTs. Stay tuned for more exciting developments and opportunities in the realm of digital collectibles and beyond.

During the recent CoinGeek Weekly Livestream AMA, the spotlight was on Bitcoin Ordinals and the exciting developments taking place behind the scenes at the BTC Conference 2023. The event delved into the growing NFT marketplace on the Bitcoin blockchain and the progress of BRC-20 tokens, offering the crypto community valuable insights into the future of Bitcoin-based NFTs. As we witness the continuous growth of this market, staying updated on the latest technological advancements and trends is essential for enthusiasts and investors alike. The BTC Conference 2023 serves as a perfect platform for knowledge exchange, encouraging innovation and wider adoption of Bitcoin and related technologies.

In an unexpected turn of events, Bitcoin critic Peter Schiff has launched his own Bitcoin Ordinals collection featuring digital collectibles of his most memorable quotes and moments. Schiff clarified that his stance on Bitcoin hasn't changed, and he still regards it as a bubble. However, his entrance into the Bitcoin Ordinals space demonstrates the potential and versatility of this growing market, even attracting those who don't fully support the underlying technology. This move could inspire other prominent figures to create similar projects, further driving innovation and adoption of Bitcoin-based NFTs.

Cardano founder, Charles Hoskinson, has also shared his thoughts on Bitcoin Ordinals. In a recent interview, he expressed his belief that Bitcoin Ordinals could play a significant role in the future of the NFT market and bring increased utility to the Bitcoin blockchain. Additionally, Hoskinson acknowledged the potential of Bitcoin Ordinals to introduce new token standards like BRC-20, which could compete with Ethereum's popular ERC-20 tokens. Hoskinson's perspective, coming from a competitor in the blockchain space, serves as a testament to the innovation and adaptability of the Bitcoin blockchain. His insights could encourage other blockchain projects to consider Bitcoin as a viable platform for their solutions, ultimately contributing to the mass adoption of BTC in the long run.

As we continue to explore the depths of the blockchain and crypto industry, we're excited to see the innovative art projects and advancements that will shape the future of Bitcoin Ordinals, NFTs, and the blockchain ecosystem. The S.S. Nakamoto is ready to embark on this journey, and we invite you to join us in navigating the ever-evolving world of digital collectibles and cryptocurrency.


As the S.S Nakamoto returns to its harbor, we express our gratitude for accompanying us on today's exhilarating expedition into the captivating realm of Ordinal Theory and Bitcoin-oriented L2/token protocols. Remember, you can forge your distinct Ordinal NFTs utilizing our state-of-the-art Inscriber tool at To remain informed about the latest breakthroughs and happenings, make sure to engage with our dynamic Discord community and follow our Twitter account. Until we embark on our subsequent interstellar odyssey, this is the Captain of the S.S Nakamoto, bidding you farewell.

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