Ordinal Bored Ape Yacht Club priceOBAYC
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- 1P OBAYC
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- 1P OBAYC
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About Ordinal Bored Ape Yacht Club
The Ordinal Bored Ape Yacht Club (OBAYC) represents a pioneering venture that brings together the distinctive strengths of the Bitcoin Ordinal system and the Ethereum blockchain. The OBAYC team has ingeniously utilized the cutting-edge BRC-20, a Bitcoin Ordinal system, and embedded it with Wrapped Ether (WETH) to facilitate transactions on the widely acknowledged and faster ERC-20 network. To achieve this, they fractionalized the OBAYC Ordinal into an astonishing 1 quadrillion ERC20 tokens via fractional.art, a platform dedicated to turning valuable assets into fractional ownership opportunities. This innovative approach successfully transformed the Bitcoin-native Ordinal into the first-ever BAYC token that exists on the Bitcoin network.
The primary mission of the project is the production of wrapped Ordinal BAYC tokens. This revolutionary strategy allows users to leverage the advantages associated with both Bitcoin and Ethereum networks, ensuring seamless interoperability between these two popular blockchain platforms. The key characteristic of OBAYC is its dual ability to maintain the inherent security and resilience of Bitcoin while offering the swift transactional capabilities of Ethereum. The project's smart contract is verified and transparent, giving assurance to users about the safety and reliability of their transactions. With the smart contract address publicly available, OBAYC upholds the principles of decentralization, transparency, and trust that are fundamental to the world of cryptocurrency.