The Launch of Open Ordinals Institute
The Ordinals protocol team has announced the launch of a non-profit organization, called the Open Ordinals Institute. This California-based public charity aims to fund the development of the Ordinals protocol by collecting donations in Bitcoin. The institute will support the core group of developers and focus on creating user-friendly tools for less technically proficient users.
Main Breakdowns:
- The Open Ordinals Institute is a non-profit organization that will fund the development of the Ordinals protocol.
- Donations in Bitcoin will be collected to support the core group of developers.
- User-friendly tools will be created to enable easier creation of Bitcoin Digital Artifacts.
- The institute will also fund designers, reviewers, researchers, educators, and other contributors.
- Casey Rodarmor, responsible for introducing inscriptions on Bitcoin’s mainnet, used to fund the project previously.
The Role of Open Ordinals Institute
The Open Ordinals Institute is committed to supporting developers involved in the Ordinals protocol, as well as those creating user-friendly tools for less technically proficient users. The institute will accept donations through the recently launched Ordinals.org site, using two Bitcoin wallet addresses.
Hot Take:
The Ordinals protocol has gained significant traction, with over 21 million Ordinals inscriptions and a 40% increase in less than a month. The surge in trading volume showcases the growing interest and potential of Bitcoin Ordinals. The launch of the Open Ordinals Institute highlights the importance of community support in advancing the development and accessibility of the protocol.
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