Bitcoin Ordinals Team Launches Nonprofit as Inscriptions Top 21 Million



The team behind Ordinals has established a nonprofit organization called the Open Ordinals Institute to support the development of its protocol for inscribing NFT-like assets to the Bitcoin blockchain. The nonprofit will fund the core group of developers and allow for tax-deductible donations pending approval from the IRS. The shift to a nonprofit structure aims to provide a neutral and long-term effort for the project's development.
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