🪙Ordinal BAYC token

The Ordinal BAYC (Bored Ape Yacht Club) token works as a digital asset that is built on the BTC Ordinals blockchain and is wrapped in ETH using the ERC-20 token standard. This means that the token is essentially a representation of ownership of a specific NFT (non-fungible token) from BTC Ordinals. First, we created an Ordinal NFT of the $OBAYC logo. This Ordinal is the baseplate of the $OBAYC token and will forever live on the Bitcoin Blockchain and the first Ordinal BAYC Meme Token.

Even though NFTs are now possible on Bitcoin, smart contracts are not so easy to utilize. Luckily, thanks to a project called Emblem Vaults, the technology to interact with Bitcoin through an Ethereum Smart Contract has existed since the rare BAYC days. We utilized Emblem to create a Vault NFT on Ethereum for the $OBAYC Ordinal to sit in, allowing for interactions between the Ordinal + any smart contract on ETH.

Now that that Ordinal is smart-contract compatible, we fractionalized the $OBAYC Ordinal into 1 quadrillion ERC20 tokens by using fractional.art, allowing us to turn the Bitcoin-Native Ordinal into first ever BAYC token that lives on Bitcoin!

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