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RGB protocol may offer solution to Bitcoin’s Ordinals jam, proponent claims By Cointelegraph



Gideon Nweze, the founder and CEO of the newly launched non-fungible token (NFT) marketplace Digital Art and Assets (DIBA), believes there is an alternative way to bring NFTs to Bitcoin that doesn’t impact block space and transaction fees.

Nweze recently put that belief to the test, launching a beta of its NFT marketplace on May 19th. Instead of using ordinals, it uses the RGB Smart Contract Protocol to mint NFTs on top of bitcoin (BTC) network.

The total number of ordinal inscriptions since their inception. Source: Dune Analytics.
The homepage of the Bitcoin NFT marketplace DIBA. Source: DIBA