The Open Ordinals Institute – CryptoMode

The innovative world of non-fungible tokens (NFTs) is witnessing a new dawn with the launch of a dedicated non-profit organization named the Open Ordinals Institute. This California-based non-profit is the brainchild of the team that brought us the Bitcoin Ordinals protocol.

Fueling Bitcoin NFT Growth with the Open Ordinals Institute

Steering the growth of NFTs on Bitcoin, this non-profit aims to strengthen the Ordinals protocol. Its main objective? To provide much-needed financial assistance to the core developers of the team. Spearheading the project, under a pseudonym, is the project’s lead maintainer, Raph.

Raph is not alone in his journey. Four esteemed team members complete the board of this groundbreaking non-profit. Erin Redwing, the host of a popular Bitcoin-focused podcast, an incognito Ordinals developer, known as Ordinally, and the creator of Ordinals, Casey Rodarmor, comprise the rest of the team.

Launched in January by Rodarmor, the Ordinals protocol became an overnight sensation. It was soon flooded by enthusiasts eager to encode their assets on the Bitcoin blockchain. These assets ranged from trendy NFTs to Bitcoin-based cryptocurrencies.

In a surprise move on May 28, Rodarmor stepped aside from his role as the protocol’s lead maintainer, passing the mantle to Raph. This change in leadership marked a significant milestone in the evolution of the Ordinals protocol.

Launching the Official Face of the Organization: Ordinals.org

To foster transparency and community engagement, the team launched an official website for the organization, Ordinals.org. Users can now make donations and stay updated with the latest developments in the project.

The website proclaims a significant perk for US donors: tax-deductible contributions. Subject to approval from the Internal Revenue Service (IRS), anticipated later in the year, this could be a game-changer for the non-profit and its benefactors.

The Open Ordinals Institute is a promising addition to the Bitcoin ecosystem, propelling the growth of NFTs on Bitcoin. Its strategic initiatives and team expertise are poised to revolutionize the cryptocurrency world.

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