What Is ORDI? How Does It Affect The future Development Of Bitcoin NFT?

Introduction

The Ordinals protocol injects new vitality into the Bitcoin eco, driving NFT innovation and transaction fee growth. It changes the way digital assets are created and enhances the programmability of Bitcoin.

What is ORDI? What impact does the Ordinals protocol have on Bitcoin?

ORDI is the first BRC-20 token on the Bitcoin network, developed based on the Ordinals protocol. By directly writing data onto the smallest unit of Bitcoin, called ‘satoshi,’ it has realized a new way to create and manage digital assets on the Bitcoin blockchain. As a memecoin, ORDI quickly gained attention after its launch in March 2023, with a significant increase in market value, reflecting its unique status as a token directly integrated into the Bitcoin blockchain.

In the Bitcoin eco, ORDI plays the role of a pioneer. It showcases new use cases for the Bitcoin network beyond transactional functions, providing innovative solutions for digital art, secure data management, and asset tokenization. The emergence of ORDI expands the application scope of Bitcoin, making it possible to create NFTs and other digital assets on the Bitcoin network, which was unimaginable in the past few years.

However, the development of ORDI has also sparked controversy within the Bitcoin community. Some believe it deviates from the original intention of Bitcoin as a pure medium of exchange, while others see it as a natural step in the evolution of the Bitcoin eco.

The ORDI protocol has had a profound impact on the Bitcoin eco. Firstly, it significantly increases the transaction fees on the Bitcoin network, which is good news for miners. According to data from Galaxy Research, from January 1, 2023, to September 1, ORDI’s cumulative transaction volume on Bitcoin reached $596.4 million, making Bitcoin the third-largest NFT trading network after Ethereum and Solana. This growth not only brings additional income to Bitcoin miners but also enhances the overall security of the network.

Secondly, the Ordinals protocol has attracted more developers and creators to enter the Bitcoin eco. This innovation has brought new application scenarios and user groups to Bitcoin, promoting the diversified development of the eco. For example, the “TwelveFold” series launched by Yuga Labs and the “Ordinal Punks” series paying tribute to CryptoPunks both demonstrate the huge potential of Bitcoin NFTs.

Finally, the ORDI protocol enhances the programmability of Bitcoin. While Bitcoin has long been thought to lack smart contract functionality like Ethereum, the ORDI protocol proves that Bitcoin can also support the creation and trading of complex digital assets. This opens up new possibilities for the long-term development of Bitcoin, making it not just a digital coin, but also a versatile blockchain platform.

The technical principle of ORDI is based on the BRC-20 standard

The Ordinals protocol allows data such as text, images, audio, and video to be directly written onto the smallest unit of Bitcoin, known as a “satoshi”. This method enables each “satoshi” to have a unique “identity”, giving it transactional and collectible value. Bitcoin Ordinals can be thought of as dollar bills, with each “satoshi” corresponding to a serial number on a dollar bill. The content engraved on the “satoshi” is similar to the signature or graffiti of the holder on a dollar bill.

The BRC-20 standard is the Bitcoin version of the ERC-20 standard, designed specifically for the Bitcoin blockchain. Unlike ERC-20 tokens on Ethereum, BRC-20 tokens operate within the limited ing capabilities of Bitcoin. This results in lower programmability for BRC-20 tokens, but they benefit from Bitcoin’s strong security measures and widespread acceptance. The creation and management of BRC-20 tokens are relatively simple, allowing non-technical individuals to issue tokens.

Although the BRC-20 standard has some limitations in functionality, it brings new possibilities to the Bitcoin network. Through ORDI and other tokens, the Bitcoin eco is exploring more diverse application scenarios, which may drive further development and innovation of the Bitcoin network.

The application prospects and development trends of Ordinals in the Bitcoin eco

The ORDI protocol demonstrates broad application prospects and development trends in the Bitcoin eco. With the continuous advancement of technology and the gradual maturation of the market, we can foresee ORDI playing a significant role in multiple fields.

In the field of digital art and collectibles, ORDI has shown tremendous potential. As of 2025, the number of image-based inions on Bitcoin has exceeded the total NFT minting volume of Ethereum, Solana, and Polygon during the same period. This indicates a growing interest from artists and collectors in Bitcoin NFTs. In the future, we may see more high-quality, innovative digital art pieces emerging on the Bitcoin blockchain.

Ordinals are driving innovation in Bitcoin financial applications. The emergence of token standards such as BRC-20 has paved the way for decentralized finance (DeFi) applications on Bitcoin. Although BRC-20 still needs improvement in efficiency, more advanced token standards like ORC-Cash and ORC-69 are under development, which will provide a better infrastructure for financial innovation on Bitcoin.

In addition, ORDI may also play a role in identity verification and data storage. Due to the high security and tamper resistance of the Bitcoin network, ORDI can be used to create trusted digital identity proofs or permanently store important documents. This application may find wide applications in government departments, educational institutions, and businesses.

It is worth noting that the rise of the rare sats market is also an important trend. With the improvement of the framework for measuring the rarity of sats and the emergence of specialized rare sats markets, the demand in this area is constantly growing. This brings new investment and collection opportunities to the Bitcoin eco.

Conclusion

ORDI, as the first BRC-20 token on the Bitcoin network, demonstrates the innovative potential of the Bitcoin eco. It not only expands the application scope of Bitcoin but also stimulates the community’s thinking about the future development of the network. Despite controversies, the emergence of ORDI undoubtedly injects new vitality into Bitcoin and opens up new possibilities for its long-term development.

Risk reminder: The price of ORDI may fluctuate significantly due to changes in regulatory policies or technical issues, and investors should carefully assess the risks.