Real-world examples and use cases
Bitcoin Ordinals can be used to represent the sale of digital or real-world assets, to act as a collectable piece of BTC network history, or to permanently inscribe data to an immutable blockchain as a form of censorship-resistant art, protest, or historic preservation.
At the moment, the main use case lies in artwork, much like with Ethereum NFTs. The market for Bitcoin Ordinals is relatively small, although not insignificant. Sales of BTC Ordinals reached over $170 million in March 2024.
Examples of Bitcoin Ordinals could include collecting ‘souvenirs’ from history, allowing users to own a piece of a bitcoin from a certain moment in time, such as a major world event or simply an interesting moment in Bitcoin’s mining history.