• The Ordinals protocol team announced the launch of a non-profit organization, dubbed ‘Open Ordinals Institute’, to fund its open-source development.
• The Open Ordinals Institute is a 501(c)(3) 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.
The Launch of Open Ordinals Institute
The Ordinals protocol team has launched a non-profit organization, called ‚Open Ordinals Institute‘, to fund its open-source development. This institute is registered as a 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.
Focus on Developing User Friendly Tools
The focus will be on creating user friendly tools for less technically proficient users so they can easily create Bitcoin Digital Artifacts. Casey Rodarmor who introduced inscriptions on Bitcoin’s mainnet for the first time earlier used to fund this project. The four board members of Open Ordinals include Raph (the project’s pseudonymous lead maintainer), Erin Redwing (Bitcoin focused podcast host), an anonymous developer known as ordinally and Casey Rodarmor himself.
Commitment To Support Developers
The Open Oridinal 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. It seeks to fund designers, reviewers, researchers, educators and other contributors who play a significant role in improving and promoting the technology.
Before launching this initiative, Casey Rodarmor was the sole source of funding for this project but now with Open Oridinal Institute more resources would become available for the same cause which would accelerate it’s progress significantly than before.
In conclusion it can be said that with Open Oridnal Instituite more resource are becoming available for developing user friendly tools which could help make bitcoin digital artifacts easier to use not only for experienced but also inexperienced users alike leading us one step closer towards mainstream adoption of cryptocurrencies such as bitcoins around the world .