Fantasy Top is a trading card game built on the Blast network. Users get NFT cards that are linked to specific crypto influencers. Learn more here.

One of the most intriguing applications of non-fungible tokens (

) is their ability to make games more exciting. 

 combines NFTs with fantasy sports games to create an intriguing and rewarding system in which a blend of trading cards, tournaments and crypto rewards lets crypto enthusiasts interact with each other and showcase their knowledge of the blockchain community. To learn how to play 

 and collect valuable prizes, explore this helpful guide. 

 network. Users get NFT cards linked to specific crypto influencers. Similar to other fantasy sports games, 

 players then win points based on how well their roster of influencers performs.

 is a blockchain known for its fast, secure and affordable transactions. A Layer 2 blockchain built on the 

 network, Blast is also known for providing native yield from 

 was officially launched on May 1, 2024 by a pseudonymous creator 

. Named after the protagonist of the Martin Scorsese film, "Taxi Driver," Bickle is a crypto enthusiast who’s interested in driving engagement within the crypto community. The project was designed to combine the excitement of 

 trading and the celebrity hype of crypto influencers into an engaging new game. Inspired by the manner in which fantasy sports games follow the performance of various players, Bickle designed a game that essentially allows players to invest in social media personalities and profit whenever their influencers do well on Crypto Twitter/X. 

s release, it's performed very well, with high trading card volume and widely publicized shoutouts from many of the crypto influencers integrated into the game. By the end of May, 

 was one of the top 15 revenue-generating apps, earning 

 aims to further connections between social media personalities and their audiences. The game’s originators hope to create a sort of pseudo-betting system in which people who select promising influencers can win 

 competitions if the influencers receive lots of online engagement. This allows users to feel more connected to Crypto Twitter and potentially earn money from doing their research and supporting influencers. 

 also hopes to provide an effective monetization route for influencers, who earn a commission based on the trading volume of their cards so they can profit directly from their popularity. 

s creators hope this will provide a more straightforward monetization route than other options, such as ads or personal shops. 

 has a relatively straightforward technological framework. The game consists of unique NFT cards, located on the Blast network, that can be minted, bought and sold. Participants can play via the 

 website, which provides a streamlined interface. Once you link your wallet, the website seamlessly guides you through browsing cards, making rosters of in-game heroes and participating in Fantasy Top competitions. 

The codes on the website handle all of the underlying 

 so players don't have to focus on manually trading items on Blast. Once you link your wallet and create your account, 

 manages all of your blockchain assets for you as you play its NFT game.

 you receive access to many features not found in other fantasy sports games. Following are some of the exciting things you can do on its website.

 starts with purchasing cards on the app’s NFT marketplace or opening a pack of random cards. You use these cards to accrue reward points based on how well your Crypto Twitter/X influencers do online. You can also get tournament rewards by building card decks and seeing how your set of heroes performs compared to other players' heroes. 

How well you do at the NFT game depends upon the cards you pick. In addition to featuring different influencers, each card has different score multipliers based on rarity. You can burn cards to level up your cards' score multipliers, and NFTs are valued based on their number of stars. Higher numbers of stars on a card signify that a creator is more active and will produce more tournament rewards.

The marketplace is an area where you can buy and sell cards for the NFT game. This allows you to build the perfect deck to play 

 tournaments. It also allows you to profit from random packs of cards that you open. Cards can be bought and sold for predefined prices, or card owners can require players to bid on their purchases.

The shop is an area where you can purchase directly from 

 and the Blast network. Players buy packs at a set price without being able to see the cards. After your purchase, you can view the cards and see if you’ve got anything valuable.

 provides a variety of rewards, including more random card packs, fan points and ETH tokens. These rewards provide real-world value as you play. Most rewards can be earned by playing in tournaments and completing quests, but you can also get some extra rewards by referring other people and giving out invite codes. Players can also earn Blast Gold as a reward for participating in the game and using DApps on the Blast blockchain. Blast Gold doesn't do anything within 

 NFT game, but it has value on the Blast network.

Heroes are the crypto influencers behind the NFT cards on 

. They participate in the system, and earn a commission for allowing 

Fantasy Burn is a method for leveling up cards. Players can choose to burn cards in order to receive a new card of a higher rarity. This makes it easy to discard unnecessary cards and make your desirable cards even more valuable.

 hasn't provided many details on how it plans to capitalize on its fantasy football–inspired NFT games, and there’s no definitive road map or description of any new features that will be added to the game. However, its social media posts indicate that its main priority in the future is 

. It hopes to expand its reach on Discord, Telegram and other sites, and is looking to expand the number of creators and influencers it works with.

s online buzz makes it a promising investment for some people. The NFTs have a decent amount of value right now, so some investors may be able to make big profits by purchasing and holding NFTs of certain in-game heroes. Even larger profits might be made for those who participate in the fantasy game and actually collect fan points. This trading card game is doing quite well right now, so it's worth checking out if you're into NFTs.

 has attracted a lot of excitement, it's worth noting that there's been some criticism, too. The game struggles with a lack of transparency. Users have no clue how their scores are being calculated, and creators haven't been told how their royalties are being distributed. There are also concerns about the possibility of 

 within the game. Many other wildly hyped crypto projects have crashed and burned, due to sketchy creators hiding essential information from their audience, so 

s lack of details may be a red flag for some investors. 

 game has an exciting premise, but is still quite new. Unless it can refine its system, explain its algorithms better and enact anti-cheating measures, it may not remain the top Blast game for long. However, the current popularity of this fantasy sports game with Crypto Twitter/X influencers still makes it worth exploring. It's currently attracting a lot of fans, and this online hype provides investors with many chances to profit from the game.

Intermediate

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Fantasy Top: An NFT-Based Fantasy Sports Game on Blast

Mocaverse unifies the web3 community through its NFT ecosystem, pushing collaboration among stakeholders with shared utilities and decentralized governance.

 ecosystem by Animoca Brands that’s designed to support a unified 

 community. Through unique digital characters and experiences, Mocaverse offers users access to an exclusive ecosystem, enabling them to learn, play, collaborate, and contribute to social good. This article explores the origins, aims, workings and features of Mocaverse, along with its tokenomics, road map and potential as an investment. Discover how Mocaverse is shaping the future of digital collectibles and web3 interactions.

 is an Animoca Brands NFT collection and community platform that grants access to an exclusive web3 ecosystem through unique digital characters and experiences.

 by Yat Siu in 2017 under Animoca Brands. Based in Hong Kong, it draws inspiration from a fictional universe concept that

 features multiple characters and elements coexisting in an integrated world. The creators of Mocaverse believe that merging NFT technology with a strong storyline and enchanting artwork can change the way people interact with digital collectibles.

Mocaverse strives to address the fragmentation in the blockchain industry by nurturing a web3 community, connecting various entities through shared utilities and digital identity. It enhances the relationship between the company and all of the individuals and entities within its web3 ecosystem. Mocaverse serves as a platform on which company executives, developers, users and managers can converge to collaborate on new projects and tweak existing ones.

Mocaverse is a decentralized virtual world that leverages blockchain technology to create a secure and transparent environment for users to engage in a variety of activities. It uses non-fungible tokens (NFTs) to represent a wide array of virtual assets, including real estate, digital art and unique 

, which are integral to the immersive experiences offered within this digital space.

The platform prominently features a collection of 8,888 NFT characters, called Mocas, which are categorized into five tribes: Angels, Builders, Dreamers, Connectors and Neo-Capitalists. These tribes symbolize the diverse 

 industry and cultivate a sense of community and identity among members. Owning a Moca not only means holding a digital collectible, but also serves as a membership pass to a world of activities and interactions powered by Animoca Brands.

Mocaverse participants enjoy a multitude of utilities, enabling them to “Learn, Play, Do Good, and Build.” This includes access to educational online courses, interactive AMA sessions, game passes, in-game assets and an accelerator program designed to nurture project development. The platform also promotes social responsibility, encouraging NFT holders to engage in charitable endeavors.

To further enhance the user experience, Mocaverse has introduced Moca ID, a decentralized identity (DID) system that integrates with crypto wallets, streamlining communication and interaction within the ecosystem. Additionally, Mocaverse NFT holders are privy to exclusive benefits, such as early access to beta tests, discounts on future projects and the opportunity to influence project development through feedback.

The governance of Mocaverse is conducted through the 

, whose NFT holders exercise their rights to propose, vote on and implement changes, ensuring community-driven leadership and decision-making.

To improve security and deliver a customized experience, Mocaverse has collaborated with Rarible to establish a bespoke NFT marketplace that addresses safety issues linked with external services, and also incorporates unique features such as Moca XP, a system that monitors and rewards user engagement. The integration with Animoca Brands facilitates seamless interactions across various platforms, augmenting the utility of Mocas and building extensive connectivity within the web3 ecosystem. 

Let’s take a closer look at some of the integral parts of the Moca ecosystem.

 is a DID system that integrates with users’ 

, proving their identity across products within the Mocaverse ecosystem. It provides access to Animoca Brands’ extensive portfolio of over 450 companies and partners, allowing users to accrue points and build their reputations across various platforms.

 offer curated web3 experiences whereby users can earn 

 (RP) through participation in various interactive and gaming activities. These missions are designed to keep users engaged in the ecosystem, with rewards granted upon successful completion.

 is a feature that enhances user interaction within the Mocaverse ecosystem. It 

 upon the Moca ID and Realm Points initiatives, rewarding users for both community engagement and referrals to further expand the Mocaverse network through personal connections. Moca NFT and Moca ID holders who use their invite codes will be eligible for 

 in Mocaverse allows users to create virtual items with resources collected in the ecosystem. This feature encourages exploration and interaction as users gather materials and craft unique items.

 are promotional events in which participants can win unique digital collectibles within the Mocaverse ecosystem. These giveaways often occur during special campaigns or collaborations, providing opportunities for community members to obtain exclusive NFTs that offer various benefits and access within the Animoca Brands network

 points system is designed to track user engagement and reward participation. Users can accumulate Moca XP by engaging with the Mocaverse via staking, participating in activations and being active in the community. Holders of Mocaverse NFTs can receive Moca XP tokens, which they can stake and use within the community to earn rewards or participate in events.

Mocaverse aims to connect companies, partners, projects and communities through diverse utilities. Here’s what it’s achieved thus far.

Going forward, Mocaverse’s plans for the future include expansion of its ecosystem with 

, the native token of Mocaverse, is an omni-chain token designed to fuel the infrastructure and expansion of the Mocaverse community. MOCA tokens are integral for participating in challenges, customizing Moca beings and contributing to the development of the Mocaverse through participation in governance.

With a total supply of just under 8.89 billion, the tokenomics of MOCA are structured to prioritize community empowerment and network growth. Here’s a breakdown of the MOCA token distribution:

MOCA, Mocaverse’s native token, can be purchased through 

, which allows users to trade new crypto assets before they’re listed on the main Spot market. To 

 MOCA on Bybit Türkiye, take the following steps:

The MOCA token launch was highly successful, achieving a 12x oversubscription and raising substantial funds, which reflects strong investor interest and confidence in the project. MOCA's integration with Animoca Brands' ecosystem, its extensive partnerships and community-centric features like Moca ID and Moca DAO suggest the potential for growth. 

However, the volatile nature of crypto asset markets can lead to significant price fluctuations. It's advisable to 

, consider the project's long-term viability,and consult with a financial advisor before making any investment decisions. 

Mocaverse's ambitious goal of unifying the web3 community through an engaging NFT ecosystem alongside diverse utilities and enhanced collaboration positions it as the next big thing in the blockchain space. Its successful token launch and integration with Animoca Brands' extensive network signals high potential for future growth. Nevertheless, potential investors should carefully consider market volatility and do their homework before investing.

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Mocaverse (MOCA): Uniting Communities With an NFT Ecosystem

Tensor (TNSR) is revolutionizing Solana's NFT trading infrastructure with innovative features and a community-focused model, becoming the second-largest NFT marketplace on Solana.

Tensor, an NFT marketplace built on Solana (

), created quite a buzz after the Tensor Foundation announced that rewards worth over $200 million for its season one, two and three airdrops were available for claim.

, TNSR, which generated over $640 million in trading volume within seven hours or so of its launch.

Such success is synonymous with the incredible performance of various projects within the Solana ecosystem, especially 

 that have raked in millions of dollars in trading volume upon launch.

So, what’s the hype around Tensor, and what does it bring to the crypto space?

Tensor is an on-chain marketplace built on Solana whose traders and creators can buy, sell and trade 

Tensor is the second largest Solana NFT marketplace after 

NFT enthusiasts can easily and conveniently 

 and manage their assets with Tensor’s innovative platform. Tensor has adopted a similar rewards model as 

), whereby users receive tokens distributed through 

Launched in July 2022, Tensor was created to offer traders deep liquidity and swift transactions for NFT trading, along with the opportunity to earn rewards.

The project carried out its first season of airdrops in September 2022, followed by a second season in March 2023, attracting a considerable number of participants. During the second season, activity on the platform briefly surpassed that of Magic Eden, as users increased activity while targeting the rewards.

NFT creators can also use the platform to add or remove NFT mints, and even to change the descriptions of the NFTs they’ve created. The platform also has a launchpad for Solana NFTs, such as pNFTs and compressed NFTs.

Tensor supports its creators through enforced royalties, whereby the buyer (taker) pays the royalties, a marketplace fee and the listed price. However, a collection can include optional royalties so the buyer can choose the rate of royalty they wish to pay.

 NFT collection, which consists of 10,000 NFTs that target Tensor’s die-hard community. By becoming a Tensorian NFT holder, you unlock various benefits, such as 

, becoming part of the Tensor community, and receiving rewards and exclusive merchandise. 

Following are the key features that are part of building the NFT infrastructure on Tensor.

Tensor AMM (also known as TensorSwap) is Tensor’s automated NFT marketplace, where trading NFTs is automated and has advanced order types. Think of it as an automated market maker (

), like those used in DeFi, but for NFTs instead of fungible tokens.

Unlike traditional NFT marketplaces, such as Magic Eden or 

, TensorSwap allows you to get paid. You can configure your maker fees and earn rewards for activities on the platform, especially setting orders. Best of all, you get to keep all the fees from your completed market orders. Additionally, TensorSwap helps to auto-manage your NFT portfolio by making sure you buy low and sell high in order to counteract emotionally charged trading.

Tensor Price Lock is an innovative feature that lets you 

 NFT prices by locking them in for seven days. When using this feature, you can be a taker (the one who buys a price lock) or a maker (the one who funds the price lock). Introduced on Jan 22, 2024, this feature allows those who fund price locks (in a similar way as liquidity providers in DeFi) to earn Tensor rewards from their NFTs.

Shared escrow is an innovative feature on Tensor that provides you with a capital-efficient way to bid for NFTs. You can place multiple bids, such as collection bids and trait bids, using the same pool of SOL tokens.

In order for the bid to remain fillable, you need to ensure that it’s less than or equal to the balance available on your shared escrow account. You can also activate purchase caps to set limits to the number of NFTs a particular order buys, protecting your shared escrow balance from being depleted.

YOLO Buy is a feature that lets you bid on your favorite NFT by placing a nonrefundable fee, which is a percentage of the listed fee. By placing more bids, you stand a better chance of winning the NFT, with up to 75% odds. The winner is determined through a free spin, whereby even those who lose the bid receive Tensor rewards. When an NFT is purchased through YOLO Buy, the maker (person who listed the NFT) receives 1.5% more from the purchase.

TNSR is Tensor's governance token, used to empower the community that manages key protocols on the platform. By holding TNSR, you can vote on various proposals, including those in the Tensor DAO that governs the proposal process. As a TNSR token holder, you also receive discounts on the platform, such as fees reduced by 25% if you list an NFT using TNSR.

TNSR has a total supply of 1 billion tokens. As with BLUR’s tokenomics, most of its total supply has been reserved for the community to power the airdrops program. The TNSR token allocation is as shown below:

 was $0.86, a 61.3% drop from its ATH of $2.23 on Apr 8, 2024, and an 15.8% increase from its ATL of $0.74 on May 1, 2024.

Price prediction experts are quite bullish on the future for TNSR. According to CoinCodex, TNSR’s price 

, though it sees a slight reduction to a high of $3.51 in 2030. Price experts on DigitalCoinPrice 

 on TNSR, believing the token will hit $$2.17 in 2025 and increase to $6.34 by 2030.

While these price predictions appear bullish, they aren’t a guarantee of TNSR’s future price. We highly recommend you 

 before investing in Tensor or any other altcoins.

Tensor has quickly become the second-largest NFT marketplace on Solana through its innovative approach of using blockchain technology to trade NFTs, and its community-focused model of rewarding members through airdrops.

Its innovative features, such as Price Locks and the TensorSwap AMM, could be game changers for the way NFTs are traded. As more liquidity continues to flow back into Solana, Tensor will be among the top projects to watch.

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Tensor (TNSR): Revolutionizing Solana's NFT Trading Infrastructure

The Ordinal inscriptions market is much younger and still less liquid than the NFT market, but inscriptions are quickly gaining the attention of creators and traders as a viable NFT alternative.

 immutably and permanently recorded on the world’s largest and probably most secure blockchain 

 (BTC) network? This question might force many NFT enthusiasts to pause and think a bit. But one person didn’t hesitate much before shelling out $450,000 in bitcoins in December 2023 for the right to own an Ordinal inscription — a unique digital artifact based on Bitcoin’s own implementation of NFT functionality. As of mid-February 2024, this stands as the most expensive Ordinal inscription sale in the brief history of 

Ordinal inscriptions, which allow you to attach pieces of data or media to individual satoshis, the smallest units in a BTC coin, have made it possible for creators to own unique, non-fungible assets on the Bitcoin chain. And unlike standard NFTs, which are typically based on blockchains like 

 (AVAX), Ordinal inscriptions/Bitcoin NFTs don’t require any 

Since their introduction in early 2023, Ordinal inscriptions have attracted both considerable interest and controversy in the Bitcoin community. However, one thing is certain — this niche is growing by leaps and bounds, and it may soon become a serious rival to the standard, smart contract–powered NFT ecosystem. 

What attracts people to Ordinal inscriptions on Bitcoin? And how are they different from NFTs on other blockchains? In this article, we’ll take a look at both Ordinal inscription technology and standard NFTs, and detail their key differences.

Ordinal inscriptions are digital assets created on the Bitcoin blockchain via attaching data such as images and videos to an individual 

 They’re as immutable as Bitcoin itself, as they’re made and stored directly on-chain. This innovative feature allows crypto artists to embed creative content onto Bitcoin and establish direct ownership and proof of the authenticity of their artwork.

The Bitcoin blockchain, lacking any smart contract capabilities, has never featured the classic NFT functionality available on Ethereum and other smart contract chains. In December 2022, blockchain developer Casey Rodarmor ingeniously noted that every single satoshi — the smallest unit in a BTC coin – can be uniquely traced on the Bitcoin network, according to the chronological order in which it’s been mined. For example, the very first satoshi in the first mined block has the Ordinal number 0, the second satoshi in that block has the Ordinal number 1, and so on.

Rodarmor didn’t stop at this observation. He realized that pieces of data — e.g., text, images, programming code or video — can be attached (or inscribed, per his chosen terminology) to a satoshi. The satoshi then becomes an identifiable, trackable and unique token with a piece of custom content inscribed into it, essentially an NFT-like asset.

In January 2023, Rodarmor launched the Bitcoin Ordinals protocol, which combined Ordinal theory and inscription methodology to facilitate the creation of unique NFT-like tokens on the Bitcoin network.

Media that can be inscribed onto an Ordinal NFT cannot exceed 4 MB, the limitation imposed by Bitcoin’s standard block size. In June 2023, Rodarmor introduced the concept of recursive inscriptions — a way of chaining Ordinal inscriptions that essentially removes the 4 MB size cap. Recursive inscriptions allow you to carry over data from previously created inscription tokens into a new inscription. By chaining together multiple inscription tokens in this manner, you can theoretically inscribe enormous amounts of media onto your Ordinal NFTs.

Since their introduction, Bitcoin Ordinals have been growing in popularity — and it hasn’t taken long for other blockchains to join the race. Throughout 2023, many other chains have implemented their own variations of 

 on Ethereum, Solinscriptions on Solana and Arbscriptions on Arbitrum (ARB).

 (NFTs) are unique crypto tokens that reside on a blockchain and are typically used to certify ownership of a digital artwork.

 The actual artwork — be it an image, animation or video — is usually stored off-chain, while the NFT itself contains metadata confirming the ownership and other vital details.

Metadata associated with an NFT includes detailed information such as the artwork's title, the artist's name, a description, the unique identifier, the date of mint and potentially other relevant details (for instance, edition number or properties specific to the blockchain where it's hosted). The process of minting an NFT requires using smart contracts and paying 

NFTs experienced a boom in 2021. The most expensive NFT, "The Merge", sold for a whopping $91.8 million. Other famously 

 include Beeple's "Everydays: the First 5000 Days", which fetched $69.44 million, and "CryptoPunk #5822", which sold for $23.7 million.

Differences Between Ordinal Inscriptions and NFTs

Ordinal inscriptions and standard NFTs used on smart contract chains share one fundamental commonality — both are used to facilitate the creation of, and trade in, uniquely identifiable, non-fungible crypto tokens. Yet their resemblances end pretty much there. Behind their similar façades, Ordinal inscriptions and NFTs are actually very distinct technologies. Let's take a closer look at the critical differences between them.

The most apparent technical difference between Ordinal inscriptions and NFTs concerns the use of smart contract technology. NFTs require smart contracts. Without these, NFTs can’t be minted or transferred. In contrast, though often referred to as Bitcoin NFTs, Ordinal inscriptions don't use smart contracts at all. In fact, they couldn’t, given the Bitcoin network’s lack of smart contract functionality. Rodarmor's ingenuity lies in being able to implement NFT-like functionality on Bitcoin without the need for any smart contracts whatsoever.

Ordinal inscriptions store all the media or artwork inscribed onto a satoshi token right on the Bitcoin chain. In contrast, most NFTs store only the metadata associated with the artwork on-chain. The actual media is stored off-chain, often on centralized platforms such as Google Drive, Dropbox or other Web 2.0 cloud solutions.

Options also exist to store your NFT-related digital assets on decentralized storage platforms, such as the 

 (AR). However, even in these cases, the NFT token typically resides on a different platform from the one on which its artwork is hosted. For example, many NFTs are stored on Ethereum or Solana, while their associated artwork is kept on IPFS.

Essentially, an NFT token residing on a blockchain serves only as a pointer or reference to the media it describes. This is the typical implementation of NFT technology, and stems largely from the fact that most blockchains don’t have the optimal technical environment for storing anything other than small-size data.

There are ways to store your NFT and all the media associated with it fully on-chain. Some platforms even facilitate the process of creating 

 for users. However, file size limits and transaction efficiency are still limited in these cases. As of early 2024, the most common way of creating and storing NFTs involves the use of off-chain storage environments.

As of mid-February 2024, the costs of inscribing a satoshi on Bitcoin are significantly higher than the costs of minting an NFT, perhaps aside from NFTs on Ethereum, a chain known for its scandalously high fees.

Most creators use third-party platforms like 

 to inscribe Ordinal tokens. These platforms make it easy to handle the whole inscription process without requiring the user to dive deep into technicalities. While technically adept users can inscribe directly on the chain without the use of third parties, the technical details of the process are far from trivial. 

With that in mind, we’ve calculated how much it would cost to inscribe a token for a typical non-technical user via the OrdinalsBot platform, one of the most popular and affordable services for Ordinal inscriptions. Using the platform’s interface, we first submitted a tiny 9 KB image file to be inscribed, and requested the most affordable (lowest priority) setting, which takes several days to complete the whole inscription process. We received a quote of $11. When we asked for the normal priority, which takes one hour to process an inscription, the price rose to $23.

However, 9 KB is hopelessly small for any serious image-based artwork, so we decided to use a more realistically sized image of 300 KB, still not a large file by any stretch. This is when the costs exploded! On the economy setting, which takes several days to process, the quote we received was $179, while the normal priority (one hour to process) was $529.

Even on Ethereum, well-known for its high transaction fees, the typical cost to mint an NFT is between $50 and $200, somewhat lower than the cost of getting an Ordinal inscription on Bitcoin. Moreover, most other NFT-capable chains feature minting costs that are orders of magnitude lower than the amounts above. For instance, minting on 

 (POL) will set you back by just a few cents, while creating a Solana-based NFT normally costs $2–$4 these days.

The NFT market is much older and more established — and features higher liquidity levels — as compared to the nascent Ordinal inscriptions market. The first NFT was minted back in 2014, and by 2017, the 

blockchain game had led to an explosion of interest in NFTs. By 2021, the NFT niche was a multibillion-dollar market, and an essential subcategory of the broader crypto market. 

While the NFT market has declined from its heyday of 2021, it still features considerable trade volumes. In fact, in the last 30 days to Feb 18, 2024, total NFT sales were slightly over $1 billion.

On the other hand, the Ordinal inscriptions market has recently celebrated its first anniversary. And yet, its market already features trading volumes similar to those found in the NFT sphere. In January 2024, the total trading volume of the Ordinals market was 

, quite a number for such a new area. While the price of inscriptions may not have quite reached that of NFTs at their peak, the high

st inscription sale price was already recorded at 10.4 BTC (around $450,000 at the time of sale in December 2023) for a Bitcoin inscription from the 

Being fully on-chain, Bitcoin Ordinals arguably feature a higher security level than that of NFTs, most of which have their actual artwork stored off-chain. The blockchain's built-in cryptographic security mechanism and decentralization play a crucial role in protecting on-chain assets, including Ordinal inscription tokens.

In contrast, NFTs often rely on centralized Web 2.0 platforms that might be more vulnerable to security hacks than blockchains. Moreover, Bitcoin — the home of Ordinals — is often cited as one of the industry's most secure (if not 

 most secure) decentralized blockchain networks.

Ordinal inscriptions are a fledgling technology, with a market that’s still in initial development. Among the pioneering platforms where you can trade inscriptions is the 

 and similar inscription tokens from various other blockchains.

The Bybit Türkiye Inscription Marketplace also facilitates a trade in inscribable, fungible crypto assets, fungible cryptos based on the same inscription technology as their non-fungible counterparts (Ordinal inscriptions). On Bitcoin, they’re based on the 

 that leverages the Ordinals protocol to facilitate the launch of fungible and inscribable crypto assets. The Bybit Türkiye Inscription Marketplace features a variety of 

, as well as similar tokens from other blockchain platforms.

Since NFTs are a much more mature technology than Ordinal inscriptions, they’re available on a broader variety of centralized and decentralized platforms. Some 

 include OpenSea, Rarible and SuperRare, among many others.

Bybit Türkiye is also among the leading providers in the NFT market, with two marketplaces for NFT-focused trade — 

 — to cover the needs of all segments of NFT creators and traders. Both marketplaces allow you to list and trade NFTs. Meanwhile, NFT Pro offers a couple of additional, innovative features, one of which is the ability to aggregate NFT data and offers from different external marketplaces. Moreover, NFT Pro allows you to synchronize your bids with all aggregated marketplaces.

Ordinal inscriptions have brought the concept of NFTs to the Bitcoin chain, albeit in a unique way that’s not based on smart contracts. Now, you can have your unique artwork represented on the world’s first, largest and arguably most secure blockchain — a privilege that wasn’t available to NFT enthusiasts in the past. For digital collectible investors, there are also opportunities in the Bitcoin NFT niche. The Ordinal inscription market, although relatively new and lacking the volumes seen in the NFT market, is growing fast, and with a less developed market come unique opportunities for returns.

NFTs also continue to be a thriving area of the crypto market. Although their trade volumes are down, compared to the days of the 2021 NFT mania, the NFT concept isn’t going anywhere. Perhaps the emergence of Bitcoin Ordinal inscriptions was something that the NFT market needed in order to experience another spike in interest from creators and traders alike. People are talking NFTs again — and this time, it’s thanks to Ordinal inscriptions.

 or trader who’s interested in digital collectibles, when you’re choosing between standard NFTs and Bitcoin Ordinal inscriptions, take into account that there are some fundamental differences between the two. Sometimes, it pays to try both so you can compare and contrast what works better for your individual needs.

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Ordinal Inscriptions vs NFTs: How Are They Different?

bitsCrunch is a decentralized data platform that provides AI-powered NFT analytics to help creators and investors access the best quality data on NFTs and collections.

, the circulation of counterfeit copies and various other swindles within the NFT sector are still an unfortunate reality. Viewing this mess, many have steered clear of the market, despite having a genuine interest in NFTs.

Some data providers have set up tools for NFT analysis, such as fraud analytics, to help users avoid scams. However, most of these providers operate as centralized entities, lacking complete transparency in their processes. Moreover, typical 

 rarely invest deeply in identifying fraud, with most of them focused on NFTs’ price history, rarity rankings and other basic data points.

In order to address these challenges, bitsCrunch (BCUT), a new decentralized platform, aims to offer NFT enthusiasts tools to conduct thorough forensic analytics and mitigate the risk of falling victim to scams. Leveraging AI models, bitsCrunch delivers timely, granular and comprehensive analytics, along with all the latest details on NFTs and collections. Importantly, bitsCrunch’s decentralized setup ensures the transparency of its NFT analytics and operations security.

 (BCUT) is a decentralized NFT data network that utilizes its 

 blockchain to leverage AI algorithms, providing comprehensive NFT analytics such as forensic analysis and fraud identification.

 Users can submit queries to the bitsCrunch network concerning NFTs and collections, and obtain detailed analytics and fraud estimates in return.

The platform is a welcome player in a sphere awash with scams and fraudulent activities. It’s estimated that nearly half of all NFT trade represents wash sales, while every tenth NFT is an outright counterfeit. Using its decentralized network of operators and contributors, bitsCrunch employs AI models to detect fraudulent or suspicious properties related to queried NFTs.

bitsCrunch was founded in Germany in 2019 by four technology professionals: Vijay Pravin Maharajan (CEO), Ashok Varadharajan (CTO), Saravanan Jaichandaran (Chief Data Scientist) and Ajay Prashanth (CMO). The project’s innovative approach to NFT forensic analysis has attracted significant investor interest, with bitsCrunch boasting a solid $6.75 million raised over three funding rounds. Having launched its testnet in mid-2023, bitsCrunch 

The crucial part of bitsCrunch’s value proposition is its heavy use of AI models for NFT analytics, valuation and fraud detection. The platform’s focus on AI and its truly decentralized status make it a unique project in a field where the majority of analytics providers are Web 2.0 centralized entities that mostly deliver basic NFT stats.

One core product based on bitsCrunch’s platform is 

, a web portal that provides comprehensive analytics on leading NFT collections. Some key stats you can obtain on Unleash NFTs include market overview, wash trading analytics and trade volumes, as well as information on top collections, marketplaces, individual NFTs and crypto wallets.

Key features and services of bitsCrunch include the following:

The bitsCrunch platform leverages a DPoS blockchain that’s made up of several types of nodes, each with its specific functionality. 

There are two Operator nodes on the chain — Query Processor Nodes and Data Enricher Nodes. The former directly interacts with consumers of the platform, i.e., users who submit queries for NFTs and collections. These nodes process user requests and provide finalized results.

The second type of Operator nodes, Data Enricher Nodes, are the main entities that source data from external blockchains, process it and enrich it with the necessary analytics per the user's request. Data Enrichers interact with Query Processors to receive details of user requests and provide the necessary data. While Query Processors can be thought of as the front end that interacts with users, Data Enrichers are the back end that does the heavy lifting regarding data sourcing and processing.

There are also other types of nodes with important functionality on the network. One of these is Indicator nodes, who monitor the external environment — NFT marketplaces, blockchains and other platforms — and signal network participants as to which sources and metrics to scan.

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