Luxor Mining acquires Ordinalhub amid Bitcoin-based NFTs hype
The Bitcoin mining firm said it is acquiring OrdinalHub amidst a flurry of interest in mining and purchasing Bitcoin-based NFTs, known as Bitcoin Ordinals. The launch of Bitcoin Ordinals back in January created a stir within the crypto community on their place within the Bitcoin (BTC) 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. The announcement 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 OrdinalHu...