Proxies Bitcoin NFTs and Ordinals 101
I Find out what are Ordinals, how to obtain and where to safely store them
Hear Wisdom’s voice (a bit of lore):
“Once we had explored Cardano Island together with you all, and spread to Ergo Land, we knew there was more, a next step in the infinite evolution. Proxies place is on Cardano Island, but us, Wisdoms, must grow and evolve to fulfil our Destiny.”
“You have noticed that 100 of us seem to have gone, and so here you are to see what happened. Wisdom is not weaker, we are not diminishing. Quite the opposite — we are evolving. The Propitious Necklace is the key, a conduit, to unlock the power of Wisdom in the Ordinal World.”
“Those who claim or receive one of these 100 items will gain the power to bring Wisdom’s light to their Ordinals Wallets, powering our evolution further and further.”
Obtaining Wisdom Ordinals through Raffles
We will be conducting raffles with a primary focus on $PROXIE token which will make up for ≈50 of the available items. The remaining ≈50 raffles and auctions will be for tokens from other 20+ projects from the Cardano network like $HOSKY, $SOCIETY, $RAG, $CLAY etc.
The object of the raffles will be the Propitious Necklace (Cardano Serialised NFT) which will later be burned in order to redeem your Ordinals:
How will this work?
Obtaining a Wisdom Ordinal through the raffles will be a 2-step process.
Step 1: Win a raffle for the Propitious Necklace.
The process is outlined as follows:
The raffles will mainly take place on Discord, utilising the Farm Bot Raffles to manage the process.
We will hold raffles for one or more Propitious Necklace at a time.
Each entry will cost 200 $PROXIE or another amount in other Cardano Tokens. Members will be able to buy multiple entries — up to 50 tickets per Necklace.
Additionally, we will be hosting raffles on the Mutant Lab raffle platform.
Every week a few Necklaces will be raffled off by our team on their platform.We may additionally explore the possibility of conducting some raffles and auctions on other platforms too.
Our raffle events will span for 3 weeks once started in April
Raffles will start on Mondays and Thursdays.
Step 2: Exchanging the Propitious Necklace for the Wisdom Ordinal.
The process is outlined as follows:
Following the raffles period, winners of the Propitious Necklace NFT must;
Open an Ordinal Redemption ticket on our Discord server.
We will then provide an address where winners will send the Necklace and 20 $ADA to cover the transfer costs of inscribing the Ordinal NFT.
In this process, the Necklace will be burned from Cardano.
After this, you will be sent your Wisdom Ordinal NFT to your Ordinals Wallet.
Total Supply is 100 Wisdom Ordinals
Authenticity of Ordinals Assets
To verify the authenticity of Proxies Ordinals Assets you can find a complete list of the inscriptions numbers on our Discord server when they are fully minted. If you come across a Wisdom Inscription, it is crucial to check if the inscription number or ID matches the list of official assets. If it does not match, it is likely that the inscription is a fake.
Any Utility?
At the moment, on the BTC network there is no utility and the focus is on the art, but:
Owning an ordinal that was created during the early months of this technology’s existence is not only valuable, but also signifies that you were among the pioneers of this groundbreaking ecosystem.
It is an opportunity to be a part of the history of this revolutionary technology, and holding such an asset can be a point of pride for any collector.
What are Ordinals and a Brief History
In recent years, Non-Fungible Tokens (NFTs) have taken the digital world by storm, offering a unique solution to digital asset ownership. While Ethereum has been the dominant platform for NFTs, Bitcoin is now entering the NFT arena with its own unique approach: Ordinals.
Ordinals are the newest trend in the world of Crypto. Bitcoin NFTs, also known as Bitcoin Ordinals or Digital artefacts, provide a method for embedding digital content within the Bitcoin blockchain. Comparable to NFTs, Ordinal “Inscriptions” are digital properties recorded on Satoshis, the smallest unit of Bitcoin (BTC).
Wallets, Transfers and Ordinals Market
Xverse Wallet is a user-friendly digital wallet service (like Nami) that enables users to safely store, purchase, sell, and exchange Bitcoin Ordinals. The link to download the wallet for desktop is: https://bit.ly/3ZqvW2b
It is also available on AppStore and GooglePlay for mobile use.
To begin, create an Xverse Wallet.
Xverse is preferred for its compatibility with the Ordinals Marketplaces:
- https://magiceden.io/ordinals
- https://ordinalswallet.com/
- https://gamma.io/ordinals
- https://ordswap.io/ compatibility in the works.
NOTE: Be cautious when sending BTC from an Ordinals-holding wallet. Understand the process and risks to avoid asset loss.
Don’t send BTC to Xverse directly from exchanges; transfer to a personal BTC wallet first (like Exodus), then to the Xverse wallet. Consult experts if necessary.For more information about BTC Ordinals: https://cointelegraph.com/explained/what-are-bitcoin-ordinals
Conclusion
Bitcoin Ordinals are an exciting new frontier in the world of NFTs. As the ProxieVerse integrates with Ordinals and users participate in raffles to obtain these unique digital assets, the potential for growth and innovation is immense. With user-friendly wallet services and marketplaces, there has never been a better time to explore the fascinating realm of Bitcoin Ordinals.
