Cryptocurrency Q&A
How do bitcoin punks & Onchain monkey inscriptions work?
How do bitcoin punks & Onchain monkey inscriptions work?
Eleonora
Mon Jul 08 2024
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7 answers
1593
Could you elaborate on the mechanics and significance of Bitcoin Punks and Onchain Monkey inscriptions in the cryptocurrency and NFT space? Specifically, how are these digital assets created, what value do they hold, and how do they interact with blockchain technology? Additionally, what are the unique characteristics and traits that make them stand out among other digital collectibles? Understanding the intricacies of these phenomena could provide valuable insights into the broader trends and innovations in the crypto and finance industry.
7 answers
SamsungShine
Tue Jul 09 2024
In contrast, OnChain Monkey took a more streamlined approach.
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Nicola
Tue Jul 09 2024
Late on Wednesday, they committed their entire collection to Ordinals through a single transaction.
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SakuraWhisper
Tue Jul 09 2024
The inception of Bitcoin Punks' NFTs via Ordinals preceded the notable OnChain Monkey collection.
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Dario
Tue Jul 09 2024
This decision not only expedited the process but also showcased the efficiency of utilizing Ordinals for large-scale NFT collections.
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GinsengBoostPowerBoost
Tue Jul 09 2024
However, Bitcoin Punks took a unique approach in inscribing each Punk as an individual inscription.
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