Governance on Bitcoin is often a thorny subject, as highlighted at the start of this year when Ordinals marketplace UniSat and Domo came into a potential conflict
The sale of the digital image from the Taproot Wizards project came as popularity surges for the NFT-like creations minted atop the Bitcoin blockchain’s Ordinals protocol. All in, some 19 lots sold by Sotheby’s raked in a combined $1.1 million.
Luke Dashjr’s technical proposal sounded innocuous enough: to make the popular Bitcoin Core software “effective with newer datacarrying styles.” In reality, the effort represented a sophisticated but controversial plan to block the suddenly popular “inscriptions” known as “NFTs on Bitcoin.”
BRC-20 marketplace UniSat said it will follow a proposed change in the token standard that has met with opposition from Domo, the pseudonymous creator of BRC-20.
Higher fees are also boosting bottom lines for the industry’s beleaguered miners, 21Shares noted.
The “Unbroken Chain” fund, as it is known, plans to raise $5 million from its limited partners and will trade in various Ordinals types, including BRC-20 tokens – sometimes positioned as NFTs on Bitcoin. Already the new group has bought an image of a rock for about $85,000.