Blockchain NFTs. Not all NFTs are created equal, don’t get burned.
WARNING: COUNTERPARTY IS HOME TO THE ORIGINAL NFTS ON THE BITCOIN BLOCKCHAIN. IF YOUR NFT IS NOT ON THE BITCOIN BLOCKCHAIN, IT IS NOT AN ORIGINAL IN THE HISTORY OF BLOCKCHAIN NFTS. DON’T GET BURNED THINKING YOU ARE BUYING AN ORIGINAL WHEN THAT IS SIMPLY NOT TRUE.
NFTs are all the craze recently in the blockchain world. The NFT market is currently valued at $125 million, but pales in comparison to the conventional art market at $70 billion.
99%+ of the NFT market value is not on the Bitcoin Blockchain, but others like Ethereum, Flow, and more.
Why are more people not using Bitcoin for NFTs?
Most people just don’t know it’s possible. With Counterparty and its native token $XCP, it’s 100% possible to mint NFTs on the Bitcoin Blockchain.
Not just regular NFTs like Ethereum's contract number 0X2523532523523535223, but actual named assets that live inside Bitcoin.
Here’s an example of the FIRST EVER blockchain art below. It’s on Bitcoin via the Counterparty Protocol.
The FDCARD. https://www.xchain.io/asset/FDCARD
The FDCARD doesn’t just have a contract number, but an actual contract name that can never be replicated or duplicated on the Bitcoin Blockchain using the Counterparty Protocol. The name itself is equally as unique as the art associated.
Don’t have XCP to create a named asset. Not a problem, just download the Freeport browser extension via Chrome @ www.freeport.io (or visit them on Twitter https://twitter.com/freeportapp ) and you can use the Counterparty Protocol to issue A assets directly to Bitcoin with just Bitcoin. Completely painless and friction free, and best of all, it only costs about $8 in Bitcoin.
Below is an A asset NFT created on the Bitcoin Blockchain using the Freeport. This NFT came from the NON FUNGIBLE TROLLS community. https://www.xchain.io/asset/A11138030402944266945
Last but not least, we cannot talk about NFTs on Bitcoin without mentioning RarePepe. https://www.xchain.io/asset/ONLYONEPEPE
RarePepe are the first NFTs ever created by a community of people. The only real original RarePepe’s NFTs that exist are on Bitcoin.
Not CryptoKittes, Cryptopunks, or any of those others. The proof is in the Blockchain.
Your NFT is only as secure as the chain it is on.
Don’t be fooled thinking you are buying originals, when the true originals live inside Bitcoin.
Go ask anyone who doesn't know anything about NFTs if they would prefer a Bitcoin piece of art or a different blockchains piece of art. I suspect 99% will select Bitcoin.
Bitcoin is the world’s most secure, valuable chain, so why would you ever want your NFT elsewhere?
A lot of people in the NFT space are spending serious money buying NFT art with the assumption they are buying originals. The originals are on Bitcoin via the Counterparty Protocol.