The American mining company Luxor Technologies has announced the acquisition of the OrdinalHub platform for the issuance, sale, and distribution of results-NFTs.
Luxor recalled that after the introduction of NFTs on the Ordinals protocol in the Observation Park in January 2023, they quickly gained popularity. The number of collectible assets has already exceeded 150,000 - an increase of 15,000% since the beginning of February.
However, the segment remains fragmented: release and trade across multiple Discord servers. According to the company's specialists, this interferes with the tracking of projects for creators and collectors. The lack of an escrow system causes the development of trade and high commissions.
“OrdinalHub addresses these issues by providing the community with a central hub to find projects, trade NFTs, discover new distribution locations, and access educational materials. The Ordinals sector is still in its infancy. The market lacks enterprise-grade solutions for collection indexing, escrow, and easy pricing,” Luxor said.
The company also noted that OrdinalHub has a Discord server hosting popular projects such as PunksonBitcoin, TaprootWizards, OrdRocks, OrdinalLoops, DeGods, and BitcoinShrooms. Some NFT prices are already over 10 BTC.
“Ordinals has opened up exciting new monetization strategies for watch miners. There is a synergy between the Luxor pool and OrdinalHub that will enable us to create the critical infrastructure for growth in incentives,” said CEO Nick Hansen.
We remind you that as a result of the incident, serial numbers fell into the Litecoin trap.