<div class="sg-post-des">
 The Open Ordinals Institute aims to bolster the protocol’s future development as Ordinals inscriptions hit a milestone of 21 million.
</div>
<div class="cointelegraph">
 A non-profit organization dedicated to growing the development of nonfungible tokens (NFTs) on Bitcoin (BTC) has been launched by the team behind the Bitcoin Ordinals protocol.
 The California-based nonprofit called the Open Ordinals Institute will bolster the Ordinals <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/protocol.html">protocol</a> by providing funding to the team’s core developers, which includes the project’s pseudonymous lead maintainer Raph.
 In total, four team members will serve on the board of the new nonprofit; Raph, Bitcoin-focused podcast host Erin Redwing an anonymous Ordinals developer known as Ordinally and Ordinals creator Casey Rodarmor.
 <blockquote class="twitter-tweet">
 The Ordinals protocol team is proud to announce the launch of the Open Ordinals Institute, a 501(c)(3) non-profit organization to foster the growth and advancement of the Bitcoin Ordinals protocol. Donations can be made at our website: https://t.co/H7ymKSL4VR— Open Ordinals Institute (@ordinalsorg) August 1, 2023
 </blockquote>
 The Ordinals <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/protocol.html">protocol</a> was <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/launch.html">launch</a>ed in January by Rodarmor. It rapidly became one of the most popular crypto trends with users rushing to inscribe assets on the Bitcoin blockchain, including NFTs and Bitcoin-based cryptocurrencies.
 On May 28, Rodarmor stepped down as the <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/protocol.html">protocol</a>’s lead maintainer and handed the role over to Raph.
 <blockquote class="twitter-tweet">
 I haven't been able to give ord the attention it deserves, so I am pleased to announce that @raphjaph has agreed to step up as lead maintainer! Raph is an impoverished student, and his work on ord will be entirely funded by donations. If you can, please consider donating!…— Casey (@rodarmor) May 28, 2023
 </blockquote>
 As of Aug. 1, 5:30 pm UTC, the total number of Bitcoin Ordinals inscriptions topped&nbsp;21 million, an auspicious milestone for users of the Bitcoin network.
 Related: Bitcoin has entered a civil war — Over ‘art’
 The team also <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/launch.html">launch</a>ed the official website for the organization, Ordinals.org, allowing users to make donations and view updates to the project’s <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/development.html">development</a>.
 According to the official website, any donations made to the Institute will be tax-deductible for United States taxpayers following the organization’s approval by the Internal Revenue Service, which it expects to occur sometime later this year.
 Magazine:&nbsp;Should you ‘orange pill’ children? The case for Bitcoin kids books
</div>

Bitcoin Ordinals team launch non-profit to grow protocol development

TheBitTimes

Other articles published on Aug 2, 2023

Join our free newsletter for daily crypto updates!