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A project called “Ethscriptions” is bringing Bitcoin Ordinals-inspired inscriptions to the Ethereum blockchain. In this week’s newsletter, read about how a project provided a new way to mint nonfungible tokens (NFTs) on Ethereum. Check out Nike’s new collaboration with the popular online game Fortnite, and how rapper Snoop Dogg plans to use NFTs to bring fans with him on tour. In other news, Dmitri Cherniak’s “The Goose” NFT sold for $6.2 million, and artist Kenny Schachter talks to Cointelegraph about blockchain art.  Watch out, Ordinals — 30,000 ‘Ethscriptions’ land on Ethereum Ethscriptions, a project inspired by the Bitcoin Ordinals protocol, is bringing a new way to mint NFTs to Ethereum. Similar to Ordinals, the project lets users “ethscribe” images to the Ethereum blockchain. According to the project’s co-founder Tom Lehman, assets on Ethscriptions use data within a smart contract called “calldata.” The executive claimed this presents a “more decentralized” minting process comp...

Users are posting massive files to the Bitcoin network via the Ordinals protocol, taking up block space and paying high fees to do so. Bitcoin Ordinals causes fees to spike The Bitcoin (BTC)-native Ordinals protocol is taking up record-breaking space on the blockchain and in the process is hiking the transaction fees on the network. The divisive newly launched protocol allows for nonfungible token (NFT)-esque assets on the Bitcoin mainnet by inscribing satoshis with content. So far, inscriptions have included content such as images, documents including a PDF file of the Bitcoin whitepaper and even a fully playable clone of the video game DOOM. The 31.2 kilobyte DOOM clone (pictured) will now forever be playable on Bitcoin. Image: Ordinals On Feb. 2, independent developer, Udi Wertheimer, tweeted he had conducted the “largest transaction in Bitcoin’s history” after using the Ordinals protocol to inscribe a 3.94-megabyte image of a sunglass-wearing, bald, bearded wizard lauding “magic i...