SuperRare, a marketplace for nonfungible tokens (NFTs), has entered the Bitcoin Ordinals ecosystem through its partnership with the Bitcoin-based art platform Gamma. This move signifies SuperRare’s shift towards becoming more multichain in its operations, as it previously only supported transactions on the Ethereum blockchain.
Zack Yanger, the senior vice president of SuperRare Labs, explained that the decision to venture into Bitcoin NFTs was prompted by the strong interest shown by their artist community. As a result, SuperRare decided to experiment with Ordinals to support artists on their platform. Yanger emphasized that one of the advantages of Bitcoin Ordinals for artists is liquidity.
Yanger revealed that after exploring the Bitcoin Ordinals ecosystem in 2023, he encountered numerous individuals working in the space and recognized the significant developments within Ordinals. He described the teams building on Ordinals as “thoughtful” and “intelligent.”
While some consider Ordinals to be an innovation, not all members of the crypto community share the same enthusiasm for the protocol. Some even accuse Ordinals of introducing digital spam to the Bitcoin network.
Despite the skepticism, Yanger believes that Bitcoin Ordinals are here to stay. He sees a bright future for Ordinals in the higher-value end of the digital art market, where higher transaction fees are less of a concern.
Yanger also expressed curiosity about the impact of rising inscription fees as the price of Bitcoin continues to grow. He referred to the recent all-time high of $73,737.94 reached by Bitcoin on March 14.
SuperRare has made its debut on Bitcoin Ordinals with a collaboration with the artist Killer Acid on an NFT collection titled “No Brainers.” Killer Acid is renowned for their mysterious, humorous, and intricately detailed psychedelic art.
In other news, the “Bitcoin Man” predicts that China will intensify the Bitcoin bull run, with the cryptocurrency reaching $1 million by 2028. This information was shared by X Hall of Flame, a reputable magazine in the industry.