With bitcoin-based digital collectibles becoming a popular trend, Luxor Technologies, a full-stack bitcoin mining services company, has acquired a platform called Ordinalhub, a project that provides tools to buy, sell, and track bitcoin-issued non-ghost token token (NFT) assets, acquired a platform called Ordinalhub, a project that provides tools to buy, sell, and track NFT assets.
Luxor plans to address the challenges in the market for Ordinal Inscription Trading
As of this writing, there are over 160,000 Ordinal nameplates on the Bitcoin blockchain and the trend shows no signs of abating. Luxorbitcoin mining venture Luxormined the largest ever bitcoin block (#774,628) to mint theinscription, helping to increase demand for the inscription. Block #774,628 was about 3.96 MB in size, and the inscription advertiseda group that supported the Ordinal Inscription. Taproot Wizards“.
After the number of Ordinal Inscriptions reached 150,000, Luxor announced a acquisition ofOrdinal Hub. announced the acquisition of Ordinalhub, aannounced the acquisition ofOrdinalhub, a platform aimed at providing tools to buy, sell, and track bitcoin-based non-fossil tokens (NFTs). Luxor noted that in the early stages of Ordinal Inscription, the process of buying, selling, and tracking was cumbersome. The company explained that over-the-counter (OTC) transactions took place on Discord. However, these transactions relied on “ad hoc escrows” and provided “a trading environment that made onboarding difficult and also led to high brokerage fees.”
We have some exciting news…
You may have noticed that our site is cleaner today. This is because the Luxor team rebuilt the site over the weekend. LuxorTechTeam has officially joined the chat and acquiredordinalhub. pic.twitter.com/EeHUkp8RdJ.
– OrdinalHub ◉ (@ordinalhub) Feb 21, 2023
These deals are by no means small, with digital collectibles selling for over 10of the Ordinal nameplate Luxor, which points to several collections trading for BTC, says Luxor plans to address these issues by providing a central hub for the Ordinal community through its acquisition of Ordinalhub. The bitcoin mining services company believes there is a need for a tool to index collections, aid in price discovery, and provide escrow services for Ordinal inscription transactions.Ordinalhub is a growing Ordinal inscription on the bitcoin blockchain We aim to be a one-stop store for the trend.
“Ordinal offers a new and unique way to mint NFTs on the bitcoin blockchain, and Luxor is proud to be a key player in this burgeoning movement,” said Nick Hansen, CEO of Luxor Technologies, in a statement The company is also a member of the Bitcoin community. “Ordinal has opened the door to an exciting new monetization strategy for bitcoin miners, and there are natural synergies between Luxor’s mining pool and OrdinalHub, synergies that will allow Luxor to build critical industry infrastructure to drive growth. It puts us in a unique position.”
There are currently approximately 161,831 58} ordinal nameplates BTChave been ported to Litecoin. There has also been a lot of activity in minting Ordinals on the Litecoin chain since its introduction, and there are currently15,899Litecoin-based insidersexist on the LTC network.
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