A non-profit organization dedicated to growing the development of nonfungible tokens (NFTs) on Bitcoin (BTC) has been launched by the team behind the Bitcoin Ordinals protocol.
The California-based nonprofit called the Open Ordinals Institute will bolster the Ordinals protocol by providing funding to the team’s core developers, which includes the project’s pseudonymous lead maintainer Raph.
In total, four team members will serve on the board of the new nonprofit; Raph, Bitcoin-focused podcast host Erin Redwing an anonymous Ordinals developer known as Ordinally and Ordinals creator Casey Rodarmor.
The Ordinals protocol team is proud to announce the launch of the Open Ordinals Institute, a 501(c)(3) non-profit organization to foster the growth and advancement of the Bitcoin Ordinals protocol. Donations can be made at our website: https://t.co/H7ymKSL4VR
— Open Ordinals Institute (@ordinalsorg) August 1, 2023
The Ordinals protocol was launched in January by Rodarmor. It rapidly became one of the most popular crypto trends with users rushing to inscribe assets on the Bitcoin blockchain, including NFTs and Bitcoin-based cryptocurrencies.
On May 28, Rodarmor stepped down as the protocol’s lead maintainer and handed the role over to Raph.
I haven’t been able to give ord the attention it deserves, so I am pleased to announce that @raphjaph has…
