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Split in NFT Community: ETH-Based vs Newly Birthed BTC/Ordinal Crew

Over the weekend, two major cryptocurrency and non-fungible token events took place: Veecon Indianapolis 2023 and BTC Miami/Ordinals Conference 2023.

The author attended Veecon in Indianapolis and noticed a split in the NFT community between the ETH-based community and the newly emerging BTC-based community.

The author also met with industry celebrities and discussed the development of Bitcoin for NFTs.

The BTC community is focused on alternative use cases for NFTs and BRC-20s, which are the bitcoin equivalent of fungible tokens like ETH and BTC.

The NFT ecosystem is growing and innovating, with new people entering the industry and a focus on both UX and ultimate security/scarcity and immutability.

Bitcoin Bitcoin $64,275.83
-3.78%
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