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.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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.