• The Ordinals protocol team has announced the launch of a non-profit organization, Open Ordinals Institute, to fund its open-source development.
• The Open Ordinals Institute is a registered 501(c)(3) California-based public charity that will collect donations in Bitcoin to back the protocol’s development by funding its core group of developers.
• The initiative also seeks to fund designers, reviewers, researchers, educators, and other contributors who play a vital role in improving and promoting the technology.
Bitcoin Ordinals Team Launches Non-Profit
The Ordinals protocol team announced the launch of a non-profit organization called ‚Open Ordinals Institute.‘ This public charity aims to collect donations in Bitcoin to fund open source development for their protocol. It will also focus on creating user-friendly tools for less technically proficient users to create Bitcoin Digital Artifacts with ease.
The board members consist of four team members including Casey Rodarmor (who introduced inscriptions on Bitcoin’s mainnet), Raph (pseudonymous lead maintainer), Erin Redwing (Bitcoin-focused podcast host), and an anonymous developer known as Ordinally.
This initiative seeks to fund designers, reviewers, researchers, educators, and other contributors who are essential for improving and promoting the technology. Previously it was solely funded by Casey Rodarmor but now there is an entire board dedicated to supporting this project with donations in Bitcoin.
Adopting NFT Technology
As more people start adopting NFT technology it’s important for developers and creators alike to have resources available that make it easier for them to create digital artifacts using cryptocurrency networks like Bitcoin. With this new non profit organization they can look forward to having access not only monetary support but also technical assistance which can help further their innovations within this space.
The Open Ordinals Institute is committed to supporting developers involved in this protocol as well as those creating user-friendly tools that facilitate less technically proficient users to create Bitcoin Digital Artifacts with ease. With the help of donations they can continue pushing these technologies forward while giving others access too much needed resources so they can pursue their own creative projects within blockchain technology space!