Bitcoin mining software and services company Luxor Technologies has acquired OrdinalHub, platforming tools for buying, selling and tracking Bitcoin-based NFTs.
Since its launch in January of this year, OrdinalHub has been increasingly adopted with over 150,000 titles. Given the security of Bitcoin as the largest decentralized network and the fact that the real environment for NFTs is fully replicated on-chain, many NFT projects from other networks are rapidly moving to the Ordinal standard.
“OrdinalHub Offers a Unique Way to Print NFT”
Printing and trading of all these collections takes place OTC on different Discord servers. This makes it difficult for collectors and creators to keep track of all projects in this fast-moving industry.
OrdinalHub aims to overcome these issues by providing a hub for the Ordinal community to search for projects, trade NFTs and access educational materials. Ordinal is still in its infancy and does not have robust, enterprise-grade solutions in the market for indexing collections, entrusting trades and facilitating price discovery.
In addition to its website, OrdinalHub has a Discord server featuring major projects that have already seen sell prices in excess of 10 BTC, such as PunksonBitcoin, TaprootWizards, OrdRocks, OrdinalLoops, DeGods, and BitcoinShrooms.
Nick Hansen, CEO of Luxor, said: “Ordinals offers a new and unique way to mine NFT on the Bitcoin blockchain and Luxor is proud to be a central player in this evolving movement.” opened the door to monetization strategies. There are natural synergies between Luxor’s mining pool and OrdinalHub, and these synergies will put Luxor in a unique position to build critical infrastructure to foster industry growth.”
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