Satoshi Sphynx (ORDINALS)
Last updated
Last updated
The Satoshi Sphynx collection is the fist of Sphynx Labs' offering on the Bitcoin Network, and the first on a non-EVM chain. The Satoshi Sphynx NFTs are limited to 500 and will be the key to boosting earnings of Bitcoin in the soon to be released Bitcoin Hyper Pools, allowing users to virtually "mine" Bitcoin without the need for expensive hardware and hard to configure setups.
Maximum NFTs for level 3 of the BTC Hyper Pool will be 9 NFTs.
The mint is now live in tiers:
1-100 - $400 101-200 - $450 201-300 - $500 301-400 - $550 401-500 - $600
Mint: thesphynx.co/ordinals
The Bitcoin Ordinal Protocol (BOP) is a system that helps keep track of transactions in the Bitcoin network by assigning a unique number, or "ordinal," to each transaction. It adds an extra layer of organization to the way transactions are recorded, making it easier to manage and verify them within the Bitcoin blockchain. This protocol helps maintain the order of transactions, enhancing the overall reliability and efficiency of the Bitcoin network.
An Ordinal is a Bitcoin Lightning Network (BRC-20) Asset that has two parts. The Satoshi and the Inscription.
The smallest unit of Bitcoin possible. One Bitcoin is divisible into 100 million Satoshis.
The data asset of the Lightning Network Asset. Inscription typically signifies the act of assigning a unique ordinal or identifier to a specific transaction within the Bitcoin network. It's like giving each transaction a distinct label or number, allowing for easy tracking and organization of transactions within the blockchain. Asset Examples: Images, text, html, code, etc
So, the Satoshi and the Inscription come together as a pair to make an asset on the Lightning Network. This Asset becomes a permanent part of the Bitcoin blockchain. For instance with Sphynx NFTs, at the beginning of an inscription, a Satoshi is paired with that particular Inscription for that NFT tying them together. The Inscription is what determines the data which is inscribed including things such as ownership on the chain.
In essence, Bitcoin Ordinals serve a specific function within the Bitcoin blockchain to manage transaction order, while EVM Chains are part of the larger infrastructure of Ethereum, enabling a wide array of decentralized applications and smart contracts.
EVM compatible wallets like MetaMask will not work for BRC-20 tokens (Lightning Network). In order to utilize Ordinals, downloading a BRC-20 specific wallet is required, for now. The leading wallet to use until Sphynx adds support is UniSats. It is set up much the same as MetaMask with a Chrome Extension. All BEP-20 addresses start with bc1.
Visit their website https://unisat.io/download
Click an option to redirect you to installing the extension
Configure your wallet by creating/importing a wallet
Note: Make sure that you save your Private key/Secret Recovery Phrase in a secure place
Importing a Wallet
Paste your private key to the empty field and successfully import the field
You have successfully created a Wallet!
You will obviously need Bitcoin for anything you do with Ordinals. The current best way to get Bitcoin to send to your UniSats Wallet is from a Centralized Exchange.
Go to thesphynx.co/ordinals
Option 1: Pay with wallet connection
Select the Bitcoin Network in the top left
Connect your Unisat wallet in the top right
Option 2: Pay with QR Code without connecting your wallet
Select you mint amount, enter the wallet to receive your NFTs, click Mint Now, and pay by scanning the QR Code with your wallet.
Install the extension to your browser
Find the wallet in your browser extensions
Creating a wallet
Note: Select the first option “Native Segwit”
After connecting your wallet, input the number to mint, click Pay From Wallet, click Pay Now and approve in wallet.
