Bitcoin Frogs

Bitcoin Frogs is one of the most successful Ordinals NFT collections to date, capturing significant attention in the crypto space since its launch in March 2023. Here’s a breakdown of what Bitcoin Frogs are, their appeal, and where you can buy them:

What Are Bitcoin Frogs Ordinals?

Bitcoin Frogs Ordinals are a collection of 10,000 frog images inscribed on the Bitcoin blockchain via the Lightning Network. These images are part of the Ordinals protocol, which allows for the creation and trading of NFTs directly on Bitcoin, a first for the network.

• Minting: The collection was originally minted for free in March 2023, with the only cost to minters being the transaction fee to inscribe each frog.
• Creator: The project was created by an anonymous artist, Frogtoshi, along with Deezy Labs, a Bitcoin-focused company specializing in Lightning payments and Ordinals collections.
• Size: The full collection consists of 10,000 frog NFTs, each with unique pixel art characteristics.

What Are Bitcoin Frogs Ordinals?

Bitcoin Frogs Ordinals are 10,000 images of frogs inscribed on Bitcoin via the Lightning Network.

The PFP collection was minted for free, and the only cost that minters paid was the transaction fee. All 10,000 inscriptions have been minted.

Bitcoin Frogs Ordinals were created in March 2023 by an anonymous artist, Frogtoshi, and Deezy Labs. Deezy is a Bitcoin company focused on Lightning payments and helping projects launch Ordinals collections.

Ribbit! Why Are People Buying Bitcoin Frogs?

When Deezy and Frogtoshi launched the project in early 2023, anyone could mint Bitcoin Frogs for free. The only expense incurred for minting a 5 kb Bitcoin Frog was transaction fees.

Besides the free mint, the project has also built a strong and fun community on social media that uses expressions like “frogs follow frogs” and “Ribbit!” Also, Bitcoin Frogs owners regularly share images of their inscriptions with the caption: “This is me!”

These factors have made Bitcoin Frogs Ordinals so popular that they surpassed Bored Apes in mid-May 2023 to become the most traded NFT collection in the crypto space. At the time, Bitcoin Frogs recorded sales of more than $2 million, while Bored Apes registered sales of $1.3 million. The average sale of a Bitcoin Frog in May was $1,746.

After having a successful month in May, sales in Bitcoin Frogs declined significantly, and it was not until November that sales volume started to pick up again, surpassing the $3 million mark.

The renewed interest in Bitcoin Frogs continued into December when sales volumes rose to almost $5 million. According to Crypto Slam, the average sale of a Bitcoin Frog climbed from $3,786 in November to $10,474 in December.

Sales volumes have dropped in January 2024, but the average sale is still relatively high at $9,236.

Why Are People Buying Bitcoin Frogs?

Bitcoin Frogs quickly became one of the most popular and traded NFT collections due to several key factors:

1. Free Minting: Early adopters could mint a frog for free, with only a small transaction fee. This drew a lot of attention from the community and collectors looking to get in early on a promising project.
2. Strong Community: The project built a fun, engaging community with catchy phrases like “frogs follow frogs” and “Ribbit!” Members of the community regularly share their Bitcoin Frogs with the caption: “This is me!”—fostering a sense of identity and belonging.
3. Price Action: After its launch, Bitcoin Frogs saw a surge in popularity. In May 2023, it surpassed the Bored Ape Yacht Club in trading volume, recording over $2 million in sales. The average sale price for a Bitcoin Frog in May was $1,746.
4. Resurgence: After a quieter summer, Bitcoin Frogs saw renewed interest in November 2023, surpassing the $3 million mark in sales. By December 2023, sales volumes skyrocketed to nearly $5 million, and the average sale price reached $10,474.

Despite some market fluctuations in early 2024, the average sale price for Bitcoin Frogs has remained strong, indicating that the collection has retained its appeal in the long term.

Where Can You Buy Bitcoin Frogs?

If you’re looking to purchase a Bitcoin Frog, here are the top Ordinals marketplaces where you can find them listed for sale:

1. Magic Eden

• Overview: Magic Eden is a popular NFT marketplace supporting multiple blockchains, including Bitcoin (via Ordinals).
• Current Listings: Approximately 761 Bitcoin Frogs listed for sale.
• Floor Price: Around 0.1 BTC (~$4,144) at the time of writing.
• Link: Magic Eden Bitcoin Frogs

2. OKX Ordinals Marketplace

• Overview: This marketplace is created by the crypto exchange OKX and allows users to buy and sell Ordinals inscriptions.
• Current Listings: About 472 Bitcoin Frogs listed for sale.
• Floor Price: Approximately 0.1 BTC (~$4,144), similar to Magic Eden.
• Link: OKX Ordinals Marketplace

3. Ordinals Wallet

• Overview: Ordinals Wallet is a specialized marketplace for buying and selling Bitcoin Ordinals, including Bitcoin Frogs.
• Current Listings: Around 115 Bitcoin Frogs listed for sale.
• Floor Price: Approximately 0.2 BTC (~$8,288).
• Link: Ordinals Wallet

4. Gamma

• Overview: Gamma is another marketplace focused on Ordinal inscriptions and Stacks NFTs.
• Current Listings: 12 Bitcoin Frogs listed for sale.
• Floor Price: A higher 0.4 BTC (~$16,576), indicating rarity or desirability of these specific frogs.
• Link: Gamma Marketplace

How to Buy Bitcoin Frogs:

To purchase a Bitcoin Frog, you will need to connect your Xverse Wallet (or another compatible Ordinals wallet) to one of the above-listed platforms. You can then browse the available frogs, check their prices, and place a bid or purchase directly.

• Bitcoin Frogs Ordinals are a collection of 10,000 frog-themed NFTs inscribed on the Bitcoin blockchain, created in 2023 by Frogtoshi and Deezy Labs.
• The project gained massive popularity due to its free minting, a fun community, and the impressive price appreciation in 2023.
• To buy Bitcoin Frogs, you can visit marketplaces like Magic Eden, OKX Ordinals, Ordinals Wallet, and Gamma.
• The current floor price ranges from 0.1 BTC to 0.4 BTC, depending on the marketplace and specific NFT rarity.

Bitcoin Frogs continues to be a highly desirable collection for both new and seasoned collectors in the NFT space.

Now that you know where to buy Bitcoin Frogs, here is a step-by-step guide to how to buy inscriptions from this Ordinals collection using Xverse Wallet on Magic Eden.

• To begin, download the Xverse Chrome extension wallet if you haven’t already, and then set it up.

• Fund your wallet with enough BTC to make the purchase and pay transaction fees.  You can buy Bitcoin directly within your Xverse wallet.

• Next, open the Magic Eden website on your browser.

• At the top left side of the homepage, select Bitcoin and connect your Xverse wallet.

• Once connected, type Bitcoin Frogs in the search bar and start exploring.

• After finding your desired Bitcoin Frogs Ordinal inscription, click “Buy Now” or “Make an Offer.” The latter option allows you to offer the seller the price you are willing to pay, while the former enables you to acquire the inscription at the listed price.

• If you make an offer, you will have to wait, probably for days, for the seller to accept it. Alternatively, buying a Bitcoin Frog at the listed price means that the transaction will be completed in hours. However, keep in mind that the amount of transaction fees you pay and the level of activity on the Bitcoin network will determine how fast your transaction is confirmed.

• The purchased Bitcoin Frog will hit your Xverse Wallet once miners confirm the transaction.

And that’s it!

Once the transaction is complete, you can click the diamond icon to view your Bitcoin Frog on Xverse.

Securely Store & Manage Your Bitcoin Frogs With Xverse

Xverse is the most user-friendly and secure Bitcoin web3 wallet, enabling you to manage all your Bitcoin on-chain assets conveniently in one place.

Available as a Chrome extension and a mobile app for Android and iOS, Xverse allows you to seamlessly connect to Ordinals marketplaces to buy, sell, and inscribe Bitcoin Ordinals, including popular collections such as Bitcoin Frogs.