After the number of Ordinal inscriptions on the Bitcoin blockchain rose to 150,000, Luxor announced its acquisition of Ordinalhub.
. Luxor plans to address these issues by providing a central hub for the Ordinal community through its acquisition of Ordinalhub. The Bitcoin mining services company believes there is a need for tools that index collections, help with price discovery, and provide escrow services for Ordinal inscription trades. Ordinalhub aims to be a one-stop-shop for the growing Ordinal inscription trend on the Bitcoin blockchain.
“Ordinals provide a new and unique method to mint NFTs on the Bitcoin blockchain, and Luxor is proud to be a central player in this burgeoning movement,” Nick Hansen, the CEO of Luxor Technologies said in a statement. “Ordinals have opened the door for exciting new monetization strategies for Bitcoin miners. There are natural synergies between Luxor’s mining pool and OrdinalHub, synergies that will uniquely position Luxor to build critical infrastructure for the industry to foster growth.
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