Bitcoin Ordinals Faces Competition? Ethscriptions Protocol Makes NFT Creation More Accessible On Ethereum
Portfolio Pulse from Mehab Qureshi
Tom Lehman, co-founder of Genius.com, has launched Ethscriptions, a protocol allowing Ethereum users to create NFTs and digital assets on the blockchain. The protocol is similar to Bitcoin's Ordinals protocol and has seen nearly 30,000 Ethscriptions created within the first 18 hours of going live.
June 20, 2023 | 11:30 am
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Ethscriptions protocol launch allows Ethereum users to create NFTs and digital assets, with nearly 30,000 Ethscriptions created in the first 18 hours.
The launch of Ethscriptions protocol on Ethereum blockchain allows users to create NFTs and digital assets, which may drive increased interest and usage of the Ethereum platform. The high number of Ethscriptions created in the first 18 hours indicates strong initial interest.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Ethscriptions protocol, similar to Bitcoin's Ordinals protocol, may increase competition for NFT and digital asset creation.
Ethscriptions protocol is similar to Bitcoin's Ordinals protocol, which allows users to create and trade inscriptions. While Ethscriptions has seen significant initial interest, it is unclear how it will impact Bitcoin's Ordinals protocol in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50