Ethereum NFT marketplace SuperRare is making the leap into Bitcoin with the launch of a new collection of Ordinals inscriptions from artist Killer Acid, the platform announced Thursday.
San Diego-based SuperRare is a platform for art makers and collectors, backed by the Ethereum blockchain. It specializes in single-edition, 1-to-1 digital works and is one of the longest-running platforms in the NFT world.
SuperRare partnered with Bitcoin Ordinals marketplace Gamma to bring inscriptions to the platform. While SuperRare has not specified the size of the collection as of April 11, 2024, “No Brainers” will continue that trend on Bitcoin and only feature 1-of-1 inscriptions, meaning each artwork in the collection will be unique, with each Inscription with ordinal numbers with a unique image.
Killer Acid is the brainchild of artist Rob Corradetti, whose work often deals in psychedelic themes. The artwork for “No Brainers” has yet to be revealed at the time of writing; The image above is derived from an Ethereum NFT piece that Killer Acid released on SuperRare in 2022, called ‘Crypto Art’.
GM Ordinals
pic.twitter.com/lFIAfNYnEh
— SuperRare
(@SuperRare) March 14, 2024
“When I first discovered Ordinals last year, it was still in its infancy: all settings were manual and required trust. I was initially put off by this,” Zack Yanger, SVP of SuperRare Labs, said. Declutter in an email.
Yanger said he took time to delve further into the Ordinals ecosystem towards the end of 2023 and came to the realization that there has been a “game-changing development” in this area since the protocol was launched early last year. Since then, significant infrastructure has been built in Ordinals space.
“At SuperRare we are always looking for new ways to support our artists in creative ways. After receiving significant inbound interest from our artist community, we are excited to begin experimenting with Ordinals,” said Yanger.
While Ethereum remains the number one network for NFTs by trading volume, Bitcoin is increasingly becoming a key venue for producing digital artwork and collectibles thanks to the Ordinals protocol launched last year. In fact, Ordinals trading is starting to shake up market share, recently pushing cross-chain marketplace Magic Eden to the top of the list.
“It’s time to bring more artists to Bitcoin,” Bitcoin NFT marketplace Gamma co-founder Nick Sainato told Declutter.
“Having built into the programmable Bitcoin ecosystem since 2021, it has been truly exciting to watch the unprecedented market and mindshare ushered in by Ordinals over the past year,” he added. “Supporting SuperRare’s entry into Bitcoin was an honor, as one of the first teams to lay the foundation for digital assets and establish much of the appreciation for visual art on-chain.”
Last year, SuperRare waded into the NFT royalty debate, with SuperRare co-founder Jonathan Perkins saying the platform will continue to pay artists a portion of secondary market sales after many rival platforms stopped enforcing it.
“We took a fairly controversial step at the time to involve artist royalties. What we said is that if we can help artists make money through royalties, why not give it a try? So we played a role in establishing some kind of standard, at least for the art side,” Perkins shared Declutter during NFT Paris 2023. “Royalties don’t disappear on SuperRare.”
Edited by Andrew Hayward