Bitcoin Stamps Surpass 18,000 Collectibles, Creativity Takes Center Stage

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With the latest trend of non-fungible tokens (NFTs) on the Bitcoin blockchain, known as Bitcoin Stamps, users have issued over 18,000 digital collectibles on the network. Although this figure is lower than the number of ordinal inscriptions, stamp designers are exploring new ways to take advantage of this technology.

The number of Bitcoin stamps exceeds 18,000

Just 17 days ago, Bitcoin.com News reported on the Bitcoin stamp trend, as more than 8,000 stamps had been minted on the Bitcoin blockchain. Since then, the count has grown to 18,443 stamps. The trend to create stamps began as a result of the ordinal inscriptions craze, and proponents of stamp technology argue that it improves permanence because stamps cannot be pruned like witness or signature data.

Stamp creation costs more than ordinal inscriptions, and the creators suggest using “24×24 pixel, 8 color depth PNG or GIF” files to encode stamps. However, the creators managed to develop high-resolution artwork using scalable vector graphics (SVG). Recently, a user managed to attach an MP3 to a stamp, and the classic game of Snake was also added to a stamp.

Screenshot of rarestamp.xyz web portal.

Although still in its infancy, the stamps are sold over the counter (OTC) and through Emblem Vault sales. The Hiro Wallet, which supports ordinal inscriptions, has expressed interest in adding support for stamps in the future and welcomed requests to pull the Hiro Wallet on the team’s Github page. Additionally, the Rare Stamp platform is a web portal that analyzes bitcoin-based stamps, displaying prices and collections.

Collections include Stampunks, Bitcoin Flocks, Broken JPGS, Stamp Pepes, Stamp Pepes Not, Stamp Wizards, Pixel Gods, Classic Arcade, Depepes, and more. Stamp #791 from the Stampunks collection has a floor value of 0.05 BTC or $1,365. As the number of stamps approaches the 20,000 mark, the number of ordinal listings exceeded 1.3 million listings as of April 22, 2023. On the same day, the number of ordinal listings on the Litecoin blockchain was 224 059.

Tags in this story Bitcoin Stamps, Bitcoin Stamp Collections, Blockchain, creativity, Digital Collectibles, Innovation, nft, Ordinal Listings, OTC Sales, permanence, Rare Stamp Platform, SVG, technology

What do you think the future holds for the Bitcoin Stamps trend, and how could stamp creators continue to push the boundaries of this innovative technology? Share your opinion in the comments below.

Jamie Redman

Jamie Redman is the news manager for Bitcoin.com News and a fintech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written over 6,000 articles for Bitcoin.com News about disruptive protocols emerging today.

Image credits: Shutterstock, Pixabay, Wiki Commons

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