#951 new
erica.stevenn (at gmail)

What are NFT Ordinals? Strengthening the white label NFT marketplace platform space

Reported by erica.stevenn (at gmail) | May 24th, 2023 @ 05:20 AM

NFT ordinals play a significant role in the white label NFT marketplace platform space as they provide unique identifiers for individual NFTs within a collection. These ordinals serve as a means of distinguishing and organizing NFTs, especially when multiple copies or editions of an NFT exist. By assigning ordinals, NFT marketplaces enhance the authenticity, rarity, and value of each NFT. Collectors and investors can track the ordinal number to determine the scarcity and historical significance of a particular NFT. Ordinals also enable creators to differentiate between different versions or variations of their artwork, establishing a structured framework for the NFT ecosystem. Overall, NFT ordinals bring order and transparency to the marketplace, facilitating a smoother experience for buyers, sellers, and enthusiasts alike.

Source: https://www.antiersolutions.com/white-label-nft-marketplace-develop...

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