Record Number of Inscriptions Engraved on Ordinals for Two Consecutive Days

According to reports, according to Dune’s data, the total number of daily inscriptions engraved through Ordinals on April 30th has reached 246667, setting a new record for the number of new inscriptions added per day. The number of inscriptions added on April 29th was 223311, setting a new record high. On April 29th and April 30th, the number of new inscriptions reached a historic high for two consecutive days. As of the time of publication, the total number of inscriptions on Ordinals since its birth has exceeded 2689730.

The number of new inscriptions on the Ordinals agreement in a single day has reached a historic high for two consecutive days

Introduction

According to the latest report from Dune’s data, the total number of daily inscriptions engraved through Ordinals on April 30th has reached a new record high of 246,667. This follows the previous day’s record of 223,311 inscriptions, making them two consecutive days with historic highs. As of now, the total number of inscriptions on Ordinals since its birth has exceeded 2,689,730.

Why is this News?

The record-breaking number of inscriptions added to Ordinals on April 29th and 30th is significant because it reflects the ever-increasing popularity of the platform. Ordinals has been gaining traction in recent months as more people discover the benefits of using blockchain technology to sell their digital creations in a secure and decentralized way. The platform allows creators to monetize their art, music, videos, and other content without using third-party platforms that often take a significant cut of the profits.

What Is Ordinals?

If you’re not familiar with Ordinals, it’s a new blockchain-based platform that enables creators to tokenize and sell their digital assets. In other words, creators can create unique digital objects that represent their content and sell them to buyers in a secure and decentralized way. Blockchain technology ensures that each digital object is unique and cannot be duplicated, making it an ideal solution for creators who want to monetize their work while maintaining control over their intellectual property.

How Does Ordinals Work?

Ordinals operates on the Mina blockchain and uses the SNARK technology to reduce the amount of data needed to verify transactions. The platform allows creators to design and sell their digital objects, which can be anything from artwork to music to virtual real estate. Each digital object is represented by a non-fungible token (NFT), which verifies its ownership and authenticity.

Why Is Blockchain Important for Creators?

Blockchain technology is important for creators because it provides a secure and decentralized way to sell their digital assets. Unlike traditional platforms, blockchain-based platforms like Ordinals do not rely on intermediaries to facilitate transactions. This means that creators can sell their digital content directly to buyers, without having to pay exorbitant fees to middlemen. Additionally, blockchain technology ensures that each transaction is secure and transparent, providing a level of trust that is difficult to achieve on traditional platforms.

Conclusion

The record-breaking number of daily inscriptions added to Ordinals on April 29th and 30th is a clear indication that the platform is gaining popularity among creators and buyers alike. Blockchain technology provides a secure and decentralized way for creators to monetize their work, and platforms like Ordinals are at the forefront of this revolution. As more creators discover the benefits of using blockchain technology, we can expect to see the number of daily inscriptions added to Ordinals continue to rise.

FAQs

#Q1) What is an NFT?

An NFT, or non-fungible token, is a unique cryptographic token that represents a digital asset. In other words, it’s a way to verify ownership and authenticity for digital objects like artwork, music, and videos.

#Q2) How do I buy digital assets on Ordinals?

To buy digital assets on Ordinals, you will need to create an account and purchase Mina, the platform’s native cryptocurrency. You can then use your Mina to purchase digital assets directly from creators.

#Q3) Why is blockchain technology important for creators?

Blockchain technology provides a secure and decentralized way for creators to monetize their digital assets. This allows them to control their intellectual property and sell their work directly to buyers, without relying on intermediaries that often take a significant cut of the profits.