Home NFT Why All 10,000 OnChainMonkey NFTs Will Move From Ethereum to Bitcoin

Why All 10,000 OnChainMonkey NFTs Will Move From Ethereum to Bitcoin

by Melai Briones

Danny Yang and Bill Tai, cofounders of Metagood and creators of the popular NFT collection OnChainMonkey, have announced that they will be migrating their 10K NFT collection from Ethereum to Bitcoin. This decision has raised many questions about the future of Bitcoin-based digital artifacts and what it means for the NFT game.

Bitcoin Ordinals, created by developer Casey Rodarmor in January, have gained immense popularity in a short period of time. With millions of inscriptions to date, Bitcoin Ordinals have revolutionized the NFT space. However, the cofounders of Metagood feel that there is more potential to explore in this space and that Bitcoin is the platform to do it on.

In a recent discussion, Yang and Tai expressed their excitement about the creative potential of Bitcoin Ordinals. They believe that Bitcoin offers unique opportunities and possibilities for NFT creators. They also highlighted the differences between Ethereum and Bitcoin when it comes to digital assets, pointing out that Bitcoin provides better security and scalability, which are crucial factors for NFT collections.

One of the main reasons for the migration from Ethereum to Bitcoin is the proposal made by Rodarmor to change the inscription numbering system for Bitcoin Ordinals. The cofounders of Metagood find this proposal intriguing and are excited about the possibilities it presents. They are keen to explore this new system and believe that it will bring new dimensions to their NFT collection.

Additionally, the cofounders discussed the concept of recursive inscriptions, which allow the creation of sub-collections within a larger collection. They see great potential in this feature and believe that it will enhance the overall experience for NFT creators and collectors.

One of the challenges discussed was how to convince other NFT creators to leave other blockchains and move to Bitcoin. Yang and Tai emphasize the importance of educating creators about the benefits and possibilities that Bitcoin offers. They believe that once creators understand the advantages, they will be more inclined to make the move.

Overall, the cofounders of Metagood are excited about the future of Bitcoin-based digital artifacts and the possibilities they hold. They see great potential in Bitcoin Ordinals and are eager to explore and expand their OnChainMonkey collection on the Bitcoin platform.

To learn more about their journey and thoughts on the migration, you can listen to the full episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, or Amazon Music. The episode covers their journey, the concept of give-to-earn, the differences between Ethereum and Bitcoin, the creative potential of Bitcoin Ordinals, and their thoughts on the proposed changes to the inscription numbering system.

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