What is Bitcoin NFT?
Bitcoin NFTs are non-fungible tokens minted on the Bitcoin network.
The process of issuing NFT assets on Bitcoin actually involves attaching arbitrary data (text/images) to the smallest unit of Bitcoin called "satoshi".
ORD allows users to mint Bitcoin NFTs in two steps:
1) engrave arbitrary information such as a string of text or an image onto the Bitcoin blockchain (“inscription”), and 2) attribute that inscription to an individual satoshi ("ordinal/ordinal theory"). Satoshi is the smallest unit of Bitcoin. 1 BTC = 100,000,000 satoshis. The end product, an inscribed Satoshi, is a Bitcoin NFT or an Ordinal.
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