SuperRare, the nonfungible token (NFT) marketplace, has entered the Bitcoin Ordinals ecosystem through a partnership with Gamma, a Bitcoin-based art platform. This move signifies SuperRare’s shift towards a more multichain approach in its operations, as it previously only supported transactions on the Ethereum blockchain.
Zack Yanger, the senior vice president of SuperRare Labs, explained that the decision to venture into Bitcoin NFTs was driven by a strong interest from their artist community. In response, SuperRare decided to experiment with Ordinals in order to provide support for artists on their platform. Yanger emphasized that one of the advantages of Bitcoin Ordinals for artists is the liquidity it offers.
Yanger shared that when he began exploring the Bitcoin Ordinals ecosystem in 2023, he encountered many individuals working in this space and realized there had been significant developments within Ordinals. He described the teams building on Ordinals as “thoughtful” and “intelligent.”
Although Ordinals is seen as an innovative protocol by many, not all members of the crypto community are enthusiastic about it. Some even accuse Ordinals of introducing digital spam to the Bitcoin network.
Nevertheless, Yanger believes that Bitcoin Ordinals are here to stay, especially for the higher-value end of the digital art market where transaction fees are less of a concern. He sees a bright future for Ordinals in this regard.
Yanger also expressed curiosity about the impact of Bitcoin’s price growth on transaction fees, referring to the recent all-time high of $73,737.94 reached by Bitcoin on March 14.
SuperRare made its debut on Bitcoin Ordinals with a collaboration with artist Killer Acid on an NFT collection titled “No Brainers.” Killer Acid is known for creating mysterious, humorous, and intricately detailed psychedelic art.