'NFT Art Is Fairly Silly’ Says Casa CTO Jameson Lopp on Bitcoin Ordinals Rise
The crypto times, they are a-changin’. The recent hype around Bitcoin NTFs, also called Ordinals, has driven a key thorn in the side of the maximalist community. Bitcoin proponents are also concerned about the scarce amount of block space available, a resource apparently too precious to share with digital art.
The rise of Bitcoin NFTs is also a symptom of a bear market, he said. With prices low, block space is inexpensive. “In a bull market, it [Ordinals] would be costing people thousands of dollars to do this,” Casa CTO Jameson Lopp told Decrypt. Lopp’s in a unique position to view the crypto culture wars too, having had to face a similar variety once his wallet firm announced it would add support for Ethereum. Previously, the self-custody wallet provider Casa had only offered Bitcoin services since 2018.
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