Popular American rapper French Montana has made a very significant crypto move with his decision to make a Bitcoin Inscription out of the Easter egg song of his new album.
French Montana and the Bitcoin Inscription Record
Markedly, Montana has engraved ‘Bag Curious’ on the Bitcoin network.
According to data from GeniiData Ordinals, the Bitcoin Inscription bears the tag 64333690 and has a size of 3.956 MB. The new Ordinal, which is the third largest, will leverage the BRC-420 asset protocol. This move places the American artist’s music on a permanent spot in a global durable database. To cap his achievements, Montana is now the pioneer of this kind of media product.
Montana’s pivot to Bitcoin Ordinals might also likely serve as an eye-opener to other artists who might explore the Bitcoin Inscription concept for their music or arts in the near future. It is no longer news that celebrities including music stars are showing more interest in Bitcoin and the broader crypto industry.
On the other hand, it demonstrates the versatility of the blockchain beyond finance.
Exploring Bitcoin Ordinals In Different Forms
Bitcoin Ordinals are the equivalent of Non-Fungible Tokens (NFTs) with digital data such as music, images, videos and text attached to it. In recent times, the offering has been explored severally by some entities who are intrigued by its capabilities.
Amidst the numerous speculations about receiving an approval from the United States Securities and Exchange Commission (SEC) on spot Bitcoin ETF applications, there was news that the agency had suddenly greenlighted the offering in early January. It turned out to be false information and Gary Gensler, the SEC Chair made a public statement emphasising on the falsehood of the news.
Digital artist @billyrestey quickly immortalized Gensler’s response to the false Bitcoin ETF approval post as a Bitcoin Ordinal. The NFT, created as a 24.32 KB WEBP image file, was encapsulated in Bitcoin within creation block 825,059.
Even Bitcoin-critic Peter Schiff launched some gold-based Ordinals recently which he then offered for sale in BTC. It is obvious that the Bitcoin Inscription or Ordinals ecosystem is gaining good traction. At the beginning of March, Bitcoin ordinals trading volume surged to the highest since December 2023, reaching as high as $50 million.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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