3min chapter

Hell Money cover image

Ordinal Theory Explained: Satoshi Serial Numbers and NFTs on Bitcoin

Hell Money

CHAPTER

The Basics of NFTs

For NFTs, you need to attach them to something. And then it needs to be transferable. Bitcoin doesn't have any stable identifiers natively. Ordinals are forever, except in some very rare, very interesting circumstances. So you can say, OK, I am going to link this piece of content to this ordinal. The owner of the ordinal is the owner of the piece of content in the NFT sense.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode