The Art of Ordinals

Tickets

Join us for an evening on the Art of Ordinals.

TICKETS

Schedule of Events April 17

Schedule (BST)

  • 5pm Arrival
  • 6:30pm Artists Talks + live mints
  • 7:45pm Scream
  • 8pm ThankyouX reveal
  • 8:15pm Announcment
  • 9pm End

What are Ordinals?

Ordinals represent the concept of non-fungible tokens (NFTs), or inscriptions / arefacts, within the Bitcoin blockchain, achieved by linking various data types like images, videos, and others to individual satoshis on the primary Bitcoin ledger. Introduced by developer Casey Rodarmor on January 20, 2023, ordinal NFTs represent the newest method for crafting inscriptions / digital artefacts on the Bitcoin network.

Poster of Art of Ordinals Event

Ordinals COLLECTORS GUIDE

What is rare on ordinals? In theory, the 4MB block size limitation in Bitcoin could limit the number of "Bitcoin NFT mints." The cost of inscribing an image on an entire block could be considerable, given the current cost and demand for Ordinals. Nonetheless, there are distinctive features and methodologies that render Ordinals particularly enticing for collectors compared to other blockchains.

DISCOVER THE GUIDE

Why Bitcoin?

THE BITCOIN FUTURE

Silver Scream artwork in frame

THE BITCOIN FUTURE

NFTs on Bitcoin offer several benefits that stem from the inherent characteristics of the Bitcoin network:

  1. Security: Bitcoin is one of the most secure and decentralized blockchain networks, thanks to its large number of nodes and proof-of-work consensus mechanism. NFTs minted on Bitcoin can leverage this high level of security, ensuring the integrity and authenticity of the digital assets.
  2. Network effect: Bitcoin is the oldest and most well-known cryptocurrency, with a vast user base and extensive ecosystem. NFTs on Bitcoin could capitalize on this network effect, potentially attracting a wider audience and greater adoption.
  3. Store of value: Bitcoin has established itself as a digital store of value and the highest value blockchain, often compared to digital gold. By minting NFTs on Bitcoin, creators and collectors can benefit from the value and stability of the underlying asset.
  4. Interoperability: Bitcoin-based NFTs can tap into the existing infrastructure and services built around the Bitcoin ecosystem, such as wallets, exchanges, and custody solutions. This can make it easier for users to manage and trade their NFTs securely."

ESG

Environmental, Social, and Governance (ESG) considerations have become increasingly important for investors and stakeholders. These concerns are also relevant to Bitcoin, as its growth and adoption have raised questions about its impact on the environment, society, and corporate governance:

Environmental:
Energy consumption: Bitcoin mining requires significant computational power, resulting in high energy consumption. Critics argue that this leads to an increased carbon footprint and contributes to climate change. More mining facilities use renewable energy sources, mitigating the environmental impact.

NFTs on Bitcoin using Metagood's extremely efficient approach have a very small footprint on the overall Bitcoin network. The entire NFT collection for the Asprey Bugatti Egg is inscribed (or written) on the Bitcoin chain in a single regular-sized transaction.

Social:
Financial inclusion: Bitcoin has the potential to improve financial access for unbanked and underbanked populations around the world by providing a decentralized, borderless financial system.

Governance:
Decentralization: Bitcoin's decentralized nature eliminates the need for central authorities, reducing the risk of fraud, corruption, and manipulation.