Xverse, an app referred to as a “Bitcoin wallet for Web3,” has just enabled the use of Ordinals, the newly popular protocol permitting individuals to imprint NFTs onto the Bitcoin blockchain.
Last week, Xverse wallet team tweeted that:
The Xverse stated that utilizing its software to inscribe NFTs requires only a small amount of Bitcoin to pay for the transaction fee, which can be acquired directly from the app, without having to install nodes or any other complicated programs.
Gamma.io, a Bitcoin NFT marketplace that unveiled “no-code ordinal inscriptions” last week, has been utilized to create roughly 5% of all Bitcoin inscriptions to date.
Once users have uploaded an image and sent a payment to the designated Ordinals address, they can locate their inscriptions within their Xverse NFT collection in a matter of 20-30 minutes- and these will be securely stored on the blockchain for eternity.
Yesterday, Hiro, a Web3 wallet that focuses on Bitcoin, released inscriptions to its testnet. Both wallets can be connected with Stacks, a blockchain operating on “layer 1.5” with an NFT economy and Bitcoin-based transactions.
Xverse also enables Bitcoin users to communicate with Stacks, with the goal of providing instantaneous payments using the lightning network.
Bitcoin recently marked its 100,000th transaction in sequence, staying true to its continuous surge. Since NFTs on Bitcoin weren’t part of the original developers’ plan, their presence has stirred up a lot of debate, with many people wondering if they could be beneficial or detrimental to the network.
On Tuesday, Stacks co-creator Muneeb Ali declared that the new protocol is a “new chapter in Bitcoin history.” The next day he announced that Xverse’s Bitcoin wallet has the most user-friendly access to ordinals.
Ken Liao, the originator and head of Xverse wallet (also known as Secret Key Labs), mentioned that it will be possible soon to transfer one’s data from the wallet. Prior to this, Liao had been a engineering partner at Stacks.
Liao stated that the emergence of Ordinals is aiding in the return of developers to Bitcoin’s environment, proving that the network is capable of more than just enabling individuals to possess Bitcoin.
“You’ve always been able to put data on the Bitcoin chain, but in a very limited way. Ordinals made it easier and created a cultural movement essentially for people to do this.”
– Liao
