- Chainspace has emerged to be an exciting new avenue.
- Ordinals project acts like Snapchat filters.
New creativity is sparked among the Web3 builders with the smashing rise of Bitcoin NFTs by the Ordinals project. On Tuesday, its inscriptions crossed 100,000, proving that the project could bring digital assets native to various Bitcoin blockchains to keep intriguing the crypto space.
Source: Ordinals Inscription; Dune
Chainspace emerged as an exciting example, with an experimental art project connecting Bitcoin and Ethereum via a lo-fi video rendering app, binding both coins. The project expands to a total of 800 on-chain apps, each with a unique portal. On which its pseudonymous creator duo, el-ranye and Timshel, describe it as a “digital object that emits infinite art.”
Simplifying the puzzle, it can be said that every app on Ordinals inscription is like a Snapchat filter, manipulating images coming from either computer or camera. It takes detailed images or footage and renders them like old-school ASCII art. This uses symbols and letters to depict real-time video viewing in an abstract and stylized manner. Every Chainspace portal offers different effects.
Source: https://www.thecoinrepublic.com/2023/02/16/ordinals-project-chainspace-nft-portal-linking-bitcoin-ethereum/