BAYC # 1626 was permanently destroyed in Ethereum and cast as “Inscription 5413” on the Bitcoin blockchain
According to the news on February 13, Jason A. Williams, the holder of BAYC # 1626, said on social media that the NFT community is turning to the Bitcoin blockchain, and the Ordinals protocol has brought real scarcity to digital collections, so he decided to cast BAYC # 1626 on the world’s rarest and safest blockchain, and will use TeleBurn to destroy it forever on the Ethereum blockchain, and will not return to Ethereum later, At present, BAYC # 1626 is cast as “Inscription 5413” on the Bitcoin blockchain.
Interpretation of this information:
The news reported on February 13th that the NFT community is shifting towards using the Bitcoin blockchain due to the Ordinals protocol, which has increased the real scarcity of digital collections. Jason A. Williams, the owner of BAYC # 1626, has decided to cast his NFT on the “world’s rarest and safest” blockchain, Bitcoin. He plans to use TeleBurn to destroy the NFT forever on the Ethereum blockchain and will not bring it back to the platform. BAYC # 1626 is now known as “Inscription 5413” on the Bitcoin blockchain.
The message highlights the significant shift within the NFT community towards utilizing the Bitcoin blockchain instead of Ethereum. It seems that the Ordinals protocol has enabled more genuine scarcity, which has made Bitcoin a safer choice for creators to cast their NFTs. It also shows that some creators are taking bold steps to ensure the uniqueness of their digital collections by permanently destroying them on other platforms. This news highlights the importance of blockchain technology’s decentralization capabilities in ensuring security and uniqueness within digital art and collectibles.
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