Bitcoin NFTs have taken the WORLD by storm. Will you ever mint 🔨 a Bitcoin NFT?

Mint your Bitcoin NFT!

Did you know Bitcoin NFTs aren’t new? They came into existence 9 years ago back in 2014 but were quickly abandoned due to the rise of Ethereum smart contracts. The main reason was the lack of infrastructure and understanding of what NFTs could bring.

Who would have thought that we'd be back in 9 years? The idea is certainly still alive as recognition and usage of NFTs continue to grow. Just look at the price of these rocks, 3.675 $BTC for a pet rock?!?

Look at the number of inscriptions being done in the past month. It’s incredible.

So you’ve seen enough and want to create/buy your Bitcoin NFT. All you need to get started is $BTC and an Ordinal-compatible wallet!

Now onto the minting

1)

All things in crypto start with a wallet. In this case - we will be using Xverse. Xverse is a Bitcoin and Stacks wallet available as a Chrome extension or as a mobile app. In this case, you will need BTC to complete the minting transaction.

2)

After downloading the app/extension, you must create a new wallet. It's the same as creating a Metamask wallet. You will be asked to create a new wallet and back it up - all the usual steps. Afterward, you will have a BTC address from which you can receive minting funds used to pay for Bitcoin NFT mints.

3)

Like minting an NFT on Ethereum, you will need something to pay gas to complete the transaction. Once you've received your $BTC - you can start exploring/collecting via Gamma, a BTC NFT marketplace. Hit connect your wallet, and can choose between "Stacks" or "Ethereum." Next, choose between "Explore," "Create," or "Ordinals".

4)

"Explore" allows you to check out all the NFTs that are available for sale.

"Create" allows you to build, design, and manage your Bitcoin NFT in minutes.

“Ordinals” will allow you to inscribe an image or text directly onto the Bitcoin blockchain. This is a little more complicated, so here’s how it works.

• Start by choosing an image, bulk image, or text.

• You’ll then need to choose a fee level (normal, higher, or custom)

• Then input your Ordinal recipient address to mint the NFT

  • FYI: This is not the same BTC address on Xverse. Click on the “collectibles” tab and press “Receive.” Afterward, copy your explicit Ordinal NFTs address to continue.

• Now, press "Continue" on Gamma and agree to the 'terms of use' then pay for your minting transactions, and you'll be good to go!

• All that's left now is to wait. The inscription can take hours or days, depending on your chosen fee and the network's demand.

• Once finished, you can view your Ordinal on Gamma or your Xverse wallet via "Open Gallery."

A crucial component of Bitcoin NFTs are Stacks aka $STX. The token enables smart contracts, and dApps to trustlessly utilize Bitcoin as an asset and settle transactions on the blockchain. The idea behind the token is that it will make Bitcoin Ordinals much more accessible for users. It will take charge in the minting process and the hosting of marketplaces.

Oh yeah, speaking of the craziness going around - just look at the $STX token. $STK token, also known as Stacks, is the token that powers the NFTs that are on Bitcoin. The token went up by OVER 160% and is at about $0.75, regaining a market cap of $1B at the time of writing.

Unlike other tokens that aren't SEC-approved, Stacks are actually APPROVED by the SEC and "not a security," which is a big thing these days. So, for now, Stacks is on the cool kid's list and has a lot of momentum going for it.

That’s a wrap! Remember to always DYOR, and none of this is financial advice! Let us know what you think about Bitcoin NFTs by replying to this email!

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.