Bitcoin Ordinals are rapidly gaining popularity, with more than 123,000 inscriptions permanently recorded on the Bitcoin blockchain. The most desirable tokens and collections with low inscription numbers have created a thriving trading and auction market, securing Bitcoin’s position as an NFT ecosystem. Although the chain’s NFTs have become more prevalent in recent weeks, people interested in acquiring an Ordinal and engaging with the blockchain have faced obstacles due to a centralized, opaque, and slow technology framework.
Developers in the Web3 space have responded to the demand for more user-friendly interfaces for those seeking Ordinals. It was inevitable that such solutions would arise, and now we can examine some of the latest arrivals on the scene.
The latest addition to Bitcoin wallets offering explicit support for Ordinal Inscriptions is Ordinals Wallet, which became available on February 16. With this wallet, users can receive, store, and view Ordinals, and the wallet makers claim that features such as transferring, sending, inscribing, buying, and selling of Ordinals will be added in the near future.
The Xverse Wallet
Just a day before the launch of Ordinals Wallet, Xverse, a Bitcoin Web3 wallet, officially introduced its Bitcoin Ordinals service. The company’s Twitter announcement stated that they had spent a year creating the most advanced Bitcoin wallet and that they had now launched first-class support for Ordinals.
Ready to inscribe BTC Ordinal NFTs?
For the past year, we’ve focused on building the most advanced Bitcoin wallet.
Today, we’ve launched 1st class support for ordinals.
Try it for yourself using our quick guide below! pic.twitter.com/Lx3Ey5aZV0
— Xverse – Ordinals Support LIVE! (@xverseApp) February 15, 2023
Xverse eliminates the need for users to operate a full Bitcoin node in order to interact with the blockchain meaningfully. Users can simply pay a transaction fee using the wallet app, and they also need to own some Bitcoin (BTC) to pay the transaction fee, which can be purchased using a fiat on-ramp service available in the app.
To inscribe an Ordinal, users must upload an image or text to the app and send a transaction to their Ordinals address. The NFT will appear in the user’s Xverse NFT collection in approximately 30 minutes. Gamma.io, a Bitcoin NFT marketplace that has reportedly already minted 5% of all Ordinals on the chain, carries out the actual inscription. Xverse interacts with Stacks, a layer 1.5 blockchain with its own NFT economy.
Hiro Wallet, which launched its testnet on February 14, was the first to introduce support for Stacks-based NFTs and Ordinal inscriptions. In a statement during the wallet’s Bitcoin support launch, CEO Mark Hendrickson announced that the company would provide extensive support for both.
Hiro Wallet operates similarly to Xverse, with Gamma handling the inscription and the Ordinals being deposited directly into the user’s account under a “Collectibles” section. The company intends to release more updates in the upcoming days.
The recent proliferation of user-friendly options for Web3 enthusiasts to interact with the Bitcoin blockchain reflects the NFT community’s desire for this newfound NFT ecosystem. We are witnessing the real-time development of a completely new section of Web3. We can anticipate more wallets, marketplaces, and user interfaces designed specifically for Bitcoin Ordinals to appear in the next few weeks and months.