Summary
TLDR: Former Wu-Tang Clan member Ghostface Killah will release exclusive music on Bitcoin Ordinals as NFTs, allowing holders to freely build upon them. The protocol differs from Ethereum-based NFTs by storing file data directly on the blockchain. Recent developments, such as recursive inscriptions, make Ordinals NFTs more versatile for content creators.
Key Points
1. Ghostface Killah, former Wu-Tang Clan member, will release exclusive music on Bitcoin Ordinals, minting 10,000 NFTs that holders can freely build upon without copyright restrictions.
2. The Bitcoin Ordinals protocol allows digital files to be inscribed on a “satoshi” and differs from Ethereum-based NFTs by storing file data directly on the blockchain, providing a novel use case for the Bitcoin network.
3. Recursive inscriptions on Bitcoin Ordinals enable content creators to surpass the 4 MB size limit by exchanging data with each other, unlocking powerful use cases such as composable sound clips and programmatically rendering images.