Business News Report
March 21, 2023

Gamma.io Launches Trustless Bitcoin Ordinals Marketplace

In Brief

Gamma’s Bitcoin Ordinals marketplace enables users to create and trade Ordinal inscriptions.

Gamma aims to become the go-to platform for Bitcoin Ordinals.

The platform is the lead sponsor of the first-ever Ordinals conference and the first-ever Ordinals Art Gallery at Bitcoin Miami 2023.

Gamma.io Launches Trustless Bitcoin Ordinals Marketplace

Gamma.io has announced the launch of its trustless Bitcoin Ordinals marketplace after bringing one of the first no-code Ordinals creator platforms to market in February. 

The inscription service has helped creators make more than 30,000 inscriptions on Bitcoin, representing nearly 10% of all inscriptions on the network. Gamma’s no-code launchpad and collection mints will be tradeable on the new marketplace, along with secondary listings of popular collections like Twelvefold and DeGods.

On Gamma’s Bitcoin Ordinals marketplace, users can create and trade Ordinal inscriptions similar to how NFTs are traded on non-Bitcoin marketplaces like OpenSea. Users can simply connect their Xverse or Hiro wallets to start trading.

“As Ordinals become the bright spot in this crypto winter, our trustless Bitcoin ordinals marketplace showcases our commitment to an exceptional web3-native experience,” Gamma’s founder and CEO, Jamil Dhanani, said in a statement.

With its no-code creator platform and now a marketplace, Gamma aims to become the go-to platform for Bitcoin Ordinals. Gamma is the lead sponsor of the first-ever Ordinals conference and the first-ever Ordinals Art Gallery at Bitcoin Miami 2023.

Teaming up with curators, Xverse, and Bitcoin Magazine, Gamma.io will present a fine art exhibition featuring 21 artists, highlighting the growing connection between Bitcoin and the art world.

The marketplace comes as Bitcoin Ordinals are seeing an increase in adoption. The new platform fills an infrastructure gap in the nascent Ordinals market, which did not have a marketplace or wallets to support Ordinals until recently. Trading of Ordinals is usually done over the counter, with transactions logged on spreadsheets.

The bidding process of Yuga Labs’ Twelvefold collection drew some criticism as Yuga Labs wanted bidders to deposit the full amount of their bids to participate in the auction before returning unsuccessful bids in full after the auction. Despite that, the sold-out collection generated $16.5 million.

Read more:

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Cindy is a journalist at Metaverse Post, covering topics related to web3, NFT, metaverse and AI, with a focus on interviews with Web3 industry players. She has spoken to over 30 C-level execs and counting, bringing their valuable insights to readers. Originally from Singapore, Cindy is now based in Tbilisi, Georgia. She holds a Bachelor's degree in Communications & Media Studies from the University of South Australia and has a decade of experience in journalism and writing. Get in touch with her via [email protected] with press pitches, announcements and interview opportunities.

More articles
Cindy Tan
Cindy Tan

Cindy is a journalist at Metaverse Post, covering topics related to web3, NFT, metaverse and AI, with a focus on interviews with Web3 industry players. She has spoken to over 30 C-level execs and counting, bringing their valuable insights to readers. Originally from Singapore, Cindy is now based in Tbilisi, Georgia. She holds a Bachelor's degree in Communications & Media Studies from the University of South Australia and has a decade of experience in journalism and writing. Get in touch with her via [email protected] with press pitches, announcements and interview opportunities.

Hot Stories
Join Our Newsletter.
Latest News

The DOGE Frenzy: Analysing Dogecoin’s (DOGE) Recent Surge in Value

The cryptocurrency industry is rapidly expanding, and meme coins are preparing for a significant upswing. Dogecoin (DOGE), ...

Know More

The Evolution of AI-Generated Content in the Metaverse

The emergence of generative AI content is one of the most fascinating developments inside the virtual environment ...

Know More
Join Our Innovative Tech Community
Read More
Read more
Mocaverse Unveils MOCA Tokenomics, Dedicates Over 50% Of Token Supply To Community
Markets News Report Technology
Mocaverse Unveils MOCA Tokenomics, Dedicates Over 50% Of Token Supply To Community
April 12, 2024
Ethereum Foundation Adopts ERC-7621 Draft Along With Basket Token Standard
News Report Technology
Ethereum Foundation Adopts ERC-7621 Draft Along With Basket Token Standard
April 12, 2024
Aelf Incorporates AI Into Its Network, Announces Support For AI Projects Aimed At Blockchain Integration With $50M Fund
Business News Report Technology
Aelf Incorporates AI Into Its Network, Announces Support For AI Projects Aimed At Blockchain Integration With $50M Fund
April 12, 2024
Ronin’s New Sky Mavis Trusted Domain Name System To Safeguard Users Against Malicious Attacks
Business News Report Technology
Ronin’s New Sky Mavis Trusted Domain Name System To Safeguard Users Against Malicious Attacks
April 12, 2024