Luxor Mining gets in on the Bitcoin Ordinal frenzy via the OrdinalHub acquisition.
) ecosystem. Users are debating whether they offer new use cases for Bitcoin or if it takes away from the initial peer-to-peer cash system vision of BTC.
No matter the community sentiment on the Bitcoin NFT issue, this did not stop Bitcoin mining firm Luxor Mining from acquiring OrdinalHub, the primary platform for Bitcoin NFTs.came on Feb. 20, saying already 150,000 inscriptions have been made, a 15000% increase from the beginning of the month. Luxor highlighted the fact that the current state of Bitcoin Ordinals being minted and “escrowed" through various Discord servers has made it difficult for collectors and creators to keep track of all of the projects. It claims the OrdinalHub will tackle this issue as a “central hub” for the community.
Nick Hansen, the CEO of Luxor, praised the innovative qualities of Ordinals and how they can create “synergies between the firm’s mining pool and the OridinalHub.According to reports from Ordinals’ NFT transactions. Moreover, Bitcoin-based NFT inscriptions are now taking over 50% of Bitcoin block space.Luxor Mining posted about its new acquisition on Twitter on Feb. 22, to which users responded with generally positive sentiments towards the development.
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