Tuesday, 30 May 2023


RGB protocol may offer solution to Bitcoin’s Ordinals jam, proponent claims By Cointelegraph

Bitcoin: Bye-bye $500,000 price target - welcome $10,000

Gideon Nweze, the founder and CEO of the newly launched Digital Art and Assets (DIBA) nonfungible token (NFT) marketplace, believes there’s an alternative way to bring NFTs to Bitcoin that doesn’t impact block space and transaction fees.

Nweze recently put this belief to the test, launching a beta version of his NFT marketplace on May 19. Rather than using Ordinals, it leverages the RGB Smart Contract Protocol to mint NFTs on top of the Bitcoin (BTC) network.

The total number of Ordinals inscriptions since inception. Source: Dune Analytics.
Bitcoin NFT marketplace DIBA’s home page. Source: DIBA