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Bitcoin’s New Runestone Project Airdrops ‘Largest Inscription Ever’

March 4, 2024
in NFT News
Reading Time: 2 mins read
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Bitcoin’s New Runestone Project Airdrops ‘Largest Inscription Ever’
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Yesterday, Runestone, a Bitcoin Ordinals project led by the anonymous collector and NFT expert LeonidasNFT, achieved a historic milestone by mining “the largest inscription ever, AGAIN!” 

Unchallenged in size at 3.97 MB, ‘Inscription 63,150,674’ was mined through a collaboration between Marathon Digital’s Slipstream, a service for direct Bitcoin transaction submissions via its MARA mining pool, and OrdinalsBot, which streamlines Ordinals, using Casey Rodarmor’s protocol. 

Leonidas articulated the rationale for the Runestone initiative in a recent post on X, stating, “The top blockchain in the world should have the top meme coin in the world.”

To achieve this vision, he advocates for an extensive airdrop approach, emphasizing, “The top meme coin in the world should be distributed through a substantial free airdrop without any allocation to the team, to the most dedicated community.”

Source: ord.io

Unlocking Airdrop Eligibility

To determine eligibility for a one of these major inscriptions, users are required to paste their Bitcoin address into the Runestone airdrop’s interface. Over 112,000 Ordinals wallets qualify, provided they hold at least three inscriptions from block 826,600 onwards, excluding “text/plain” or “application/JSON” types.

Airdrop eligibility also extends to “cursed inscriptions” — Ordinals that the Ord indexer initially missed, a tool designed for tracking and registering inscriptions, resulting in their absence from wallets and marketplaces.

Notably, the present pre-market base price for one of these assets on the Solana-powered decentralized Whales Market platform stands at $545.


Credit: Source link

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