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The Weekly Stack: All about Ordinals 🪄
Welcome to Gamma's weekly newsletter, where we're sharing all the latest news and alpha around Bitcoin NFTs. Subscribe today so you never miss a new post!
What’s the deal with Ordinals?
Lately, all the NFT buzz has been spotlighted on one thing: Ordinals.
As another form of Bitcoin-based NFTs — which have been rising in popularity lately thanks to the Bitcoin-secured Stacks blockchain — Ordinal Theory unlocks the ability to inscribe individual satoshis (the individual unit of Bitcoin, like cents to a dollar) with unique images, notes, and anything else.
Here’s our first Ordinal inscription:
And of course, as the biggest Bitcoin NFT platform out there, we’ve been working hard on bringing you an easy, no-code way to create inscriptions that will forever live on the Bitcoin blockchain.
As of today, we’re excited to introduce Ordinals to Gamma in a simple, inexpensive, and seamless manner. To create your inscription, head to Gamma and upload an image or input some text. We recommend keeping your files under 60kb for best results. Because this is Bitcoin-native, you won’t need to connect a Stacks wallet to use this feature.
Read more about inscriptions and learn how to get started with Ordinals on Gamma 👇
Thanks to Ordinals buzz, Bitcoin NFTs have been all the rage lately — especially the top collections on Gamma. This narrative around Bitcoin NFTs has led to several collections hitting higher volume and floor prices than ever.
For those who are new to NFTs, the NFT floor price is the current lowest price of an NFT in a given collection or project. It can fluctuate depending on community activity and sales, and is one of the essential crypto metrics and a decisive factor of the value of an NFT project. Whenever purchasing an NFT, whether it's selling at its floor price or higher, it is important to do your own research.
Keep reading to learn more about what floor prices mean for your NFTs👇
A few days left for Moon Bound 🚀
There are just a few days left to enter our Moon Bound treasure hunt! We’ve partnered with 40 apps and creators on Stacks to make this happen.
Two dozen 1/1s from top artists on Gamma will be awarded to random winners, such as this piece from artist Mary Lai:
Plus, enter the quest and you’ll get a chance to win a grand prize of 10 million sats (0.1 BTC). Check out the live leaderboard below and be sure to enter this week if you haven’t yet!
Featured Artists & Collections 🎨
Here are two new collections from this week that caught our attention:
Yesterday, grymm.btc released a special collection called ‘The Goats’, with 27 individually inspired NFTs — including a few that pay homage to some of our Gamma team members!
Check out the collection on Gamma and read grymm.btc’s thread below for the inspiration behind each piece:
From the creator of Hooch Haus comes the Verified Pepe — a playful nod to “verification” check marks. Check it out on the Gamma secondary market now!
Thanks for tuning in! Share your Ordinal inscriptions with us on Twitter and stay tuned for more updates. We’ll see you next week!