Counterparty: Bitcoin's Original NFT Protocol (2014-Present)
A decade before Ordinals existed, Counterparty was already issuing non-fungible assets on Bitcoin. How it worked, why it still works, and why most NFT histories skip past it.
Counterparty has been running since 2014. Ordinals arrived in 2023. Bitcoin Stamps shortly after. Most coverage of Bitcoin NFTs treats one of these as the whole story. This site treats all three as the story, sourced to the protocol documentation, the people who built them, and the on-chain record.
Read the articlesCounterparty, Ordinals, and Bitcoin Stamps are the three protocols that handle non-fungible assets on Bitcoin in 2026. Each works differently. Each has its own community, history, and structural tradeoffs. This is the reference guide that should exist as the starting point for anyone trying to understand what people mean by "Bitcoin NFT."
Read the referenceA decade before Ordinals existed, Counterparty was already issuing non-fungible assets on Bitcoin. How it worked, why it still works, and why most NFT histories skip past it.
Casey Rodarmor's protocol, launched January 2023. How inscriptions actually work, what BRC-20 added, and why Bitcoin's chain size has been a contested topic since.
In February 2026, Magic Eden announced it was shutting down its Bitcoin NFT marketplace. What that means for the ecosystem, the alternatives, and the cycle this caps.