Ordinals are different from traditional NFTs from a technical design perspective. There are several features that make the pricing for ordinals a different exercise.
Bitcoin ordinals, as mentioned before, help identify sats uniquely and have content or art stored on-chain. Ethereum’s ERC-721 standard, which is used to create NFTs, typically holds the metadata or a pointer to the art, which is generally held off-chain. Some Ethereum NFTs are experimenting with on-chain storage, but they are more of an exception.
- Go to ordinalswallet.com
- Click on “Create Wallet”
- Take a backup of the recovery phrase for your wallet
- Set up a password for wallet access
- Use the address of the Ordinals Wallet to send some sats to the wallet
- Go to “Collections” at the top of the page
- Choose the ordinals collection and the inscription that you would like to buy
- Buy the ordinal (using the sats in your wallet).