Mint your ordinals on JuratBTC
JuratBTC is the Layer 1 Bitcoin protocol blockchain with court
access built in.
Easy to use minting platform
Ordinal inscriptions are sats, always stored on the blockchain.
Metadata: stores critical information such as royalties
Immutable: cannot be changed
Take your ordinals to the next level with real legal rights for you and
your buyers
JTC Ordinals are a new type of NFT (non-fungible token) with revolutionary features
unique to our blockchain. When using JTC Ordinals to mint art NFTs, artists embed
technology to enforce their legal rights if a buyer violates licensing terms or fails to
pay royalties. These same protections help collectors recover their tokens in the event
of scams, hacks, and lost private keys. No other token offers these vital capabilities.
Instructions for Minting JTC Ordinals
This is your How to Guide for Beta JTC Ordinal minting.
1.
If you haven’t already, download the Jurat Wallet to get started.
2.
Create a New Wallet for your JTC Ordinals. To manage your JTC Ordinals collection,
you must create a new wallet that specifically holds your Ordinals. Due to their
blockchain properties, Ordinals can be mistaken for JTC tokens and can accidentally
be sent with normal transactions. To avoid this, please create a new wallet specific
for your Ordinals.
3.
Once you have your wallet set-up it’s time to start minting.
-
The platform supports files of various sizes and formats, including files and
plain text.
- - As of May 5, 2023 we are accepting PNG image files only. We will add more file types in next week’s release
- - Metadata from the file will be viewable in the Ordinal Explorer after minting
- Text inscriptions have a maximum word count of 12,000.
4.
Next, you will need to select a license and any royalty requirements for your
Ordinal. When minting, you can choose from three different license types which
determine how the Ordinal can be used and shared.
- Personal License
-
Commercial License
- - Non-Exclusive
- - Exclusive
- Custom License
5.
Payment can be made in JTC or USDC through Metamask. If you do not pay, your ordinal
will not mint and the request will time out after 24 hours. If paying with JTC send
.01 JTC to the wallet listed on the transaction page.
6.
Timing for Ordinal Minting: Once you mint your ordinal you will see it confirmed
within 2 hours (right now it should not take more than 5 minutes). However, it will
not appear in the Ordinal Explorer for about 15 minutes. You will see the ordinal
transaction in your Ordinals Wallet prior to it being confirmed. You will only be
able to see your Ordinal in the Explorer. In the near future, you will be able to
see the ordinal in your Jurat Wallet, but that feature is not live at this time.
At this time you cannot transfer your JTC Ordinal. Stay tuned for
more updates.
Digital Art’s Game Changer: JTC Ordinals Usher in a New Era of Legal Protection and
Security
The advent of NFTs propelled digital art from an online curiosity to the forefront of
gallery and museum shows and has allowed digital artists to take their rightful place
on the world stage. NFTs have also spawned entirely new ways for creators to monetize
the value of their works. Blockchain-based transactions offer unprecedented liquidity
and can facilitate collaborative revenue models such as profit sharing between artist
and collector. These new modalities go to the very heart of the revolution in
cooperation that is Web3.
The problem: Unfortunately, NFT technology was still new and underdeveloped when the art world adopted it and the results have been painful. NFT art is too easily stolen through fraud, hacks, and smart contract exploits. Likewise, licensing agreements are unclear or missing entirely, while royalty collection is being thwarted by big, centralized marketplaces that profit by cutting out the artists. Digital art NFTs need to evolve to fulfill their promise.
The solution: We are bringing legal enforcement to digital art with JTC Ordinals. Our ordinals are “NFTs with benefits” that include on-chain licensing agreements, incorporated artworks, enforcement of artists’ royalties and copyrights, as well as property protection for owners. With JTC Ordinals, a one-of-a-kind piece from a renowned digital artist like Grant Yun enjoys the same effective protections as physical art like Warhol, Picasso, or Nina Chanel Abney. This integration of the art and legal remedies on-chain will unlock immense value for both artists and collectors, making art ownership more accessible to everyone.
The problem: Unfortunately, NFT technology was still new and underdeveloped when the art world adopted it and the results have been painful. NFT art is too easily stolen through fraud, hacks, and smart contract exploits. Likewise, licensing agreements are unclear or missing entirely, while royalty collection is being thwarted by big, centralized marketplaces that profit by cutting out the artists. Digital art NFTs need to evolve to fulfill their promise.
The solution: We are bringing legal enforcement to digital art with JTC Ordinals. Our ordinals are “NFTs with benefits” that include on-chain licensing agreements, incorporated artworks, enforcement of artists’ royalties and copyrights, as well as property protection for owners. With JTC Ordinals, a one-of-a-kind piece from a renowned digital artist like Grant Yun enjoys the same effective protections as physical art like Warhol, Picasso, or Nina Chanel Abney. This integration of the art and legal remedies on-chain will unlock immense value for both artists and collectors, making art ownership more accessible to everyone.
So let’s dive into some frequently asked questions:
What are JTC Ordinals?
JTC Ordinals are a new type of NFT (on non-fungible token) with revolutionary
features unique to our blockchain. When using JTC Ordinals to mint art NFTs,
artists embed technology to enforce their legal rights if a buyer violates
licensing terms or fails to pay royalties. These same protections help collectors
recover their tokens in the event of scams, hacks, and lost private keys. No other
token offers these vital capabilities.
What are the benefits of JTC Ordinals for artists?
With JTC Ordinals, artists can take full advantage of disruptive NFT technologies
while maintaining full legal protection for their works. For example, Web3 enables
new revenue sharing models like royalty agreements with collectors, but these
agreements have proven impossible to enforce as a practical matter. With JTC
Ordinals, artists enforce their agreements independently. There is no need to
trust or rely on marketplaces whose interests are not perfectly aligned.
An additional benefit is that JTC Ordinals incorporate all of the licensing terms the artist requires. This way, the agreement can be viewed on an explorer so there is no dispute or confusion about the artist's rights. Clear agreements give creators more control over their works and ensures that their rights are respected by others throughout the life of their creations.
An additional benefit is that JTC Ordinals incorporate all of the licensing terms the artist requires. This way, the agreement can be viewed on an explorer so there is no dispute or confusion about the artist's rights. Clear agreements give creators more control over their works and ensures that their rights are respected by others throughout the life of their creations.
What benefits do JTC Ordinals offer to digital art
collectors?
JTC Ordinals are also the ideal way for artists to protect their collectors,
fetching better prices for their art.
Thefts and frauds are an unfortunate and all too common hazard for collectors investing in digital assets. With current-generation NFTs and ordinals on BTC, the collectors are out of luck — it is essentially impossible to recover digital art once it has left the collector's wallet. The market discounts the risk of these losses into sale prices, reducing returns for both the artist and collectors who seek appreciation in the value of their collections.
Digital assets on the JuratBTC blockchain are recoverable in court and arbitration, reducing the losses from a crime and also discouraging criminals from targeting the assets in the first place. This revolutionary advance helps artists unlock the value of their works and is a unique safety feature for collectors.
Thefts and frauds are an unfortunate and all too common hazard for collectors investing in digital assets. With current-generation NFTs and ordinals on BTC, the collectors are out of luck — it is essentially impossible to recover digital art once it has left the collector's wallet. The market discounts the risk of these losses into sale prices, reducing returns for both the artist and collectors who seek appreciation in the value of their collections.
Digital assets on the JuratBTC blockchain are recoverable in court and arbitration, reducing the losses from a crime and also discouraging criminals from targeting the assets in the first place. This revolutionary advance helps artists unlock the value of their works and is a unique safety feature for collectors.
How does the JuratBTC Blockchain offer legal
protection for digital art?
JTC Ordinals are minted on JuratBTC, a unique layer-1 blockchain that connects to
courts using a protocol called Jurat. If someone breaks the law or breaches an
agreement, the judge can issue an order and the JuratBTC blockchain will follow
it. For example, if an NFT buyer fails to pay royalties to the artist, a judge can
seize the NFT until the royalties are paid. Similarly, if a hacker steals an NFT,
a judge can order it returned to the collector.
To learn more about Jurat's court connection technology please visit https://jurat.io/whitepaper/
To learn more about Jurat's court connection technology please visit https://jurat.io/whitepaper/
Can I hold my JTC Ordinals in the same wallet as my
JTC?
No. Ordinals work by minting data into small units of the blockchain's native
coin. Accordingly, your JTC Ordinals could be mistaken for JTC coins and
accidentally sent along with normal transactions. To avoid this, you must create a
separate wallet to be used just for your ordinals and keep them in that wallet
when minting and trading.
What are the costs associated with minting JTC
Ordinals?
Minting costs vary with the amount of data that the ordinal contains. In general,
it will cost you 5x-10x less to mint a given amount of data in a JTC Ordinal than
using BTC. And JTC Ordinals give you unique and valuable functions not available
elsewhere. Creating higher values at a lower cost is a win/win for minters.
Are JTC Ordinals better than NFTs for ensuring the
authenticity of digital art?
Yes. Unlike NFTs, Jurat Ordinals incorporate the digital art into the token
itself. This data is written directly to the JTC Blockchain, where it becomes
immutable. Most NFTs only include a URL pointing to the digital art data on some
other server, where it could be erased or replaced. In other words, JTC Ordinals
ensure the authenticity of the art they convey, NFTs do not.
How do I include licensing terms and royalty rights
for my JTC Ordinals?
The JTC Ordinal format establishes the licensing and royalty rights in the
metadata for each ordinal. Licensing agreements are inscribed immutably to the JTC
Blockchain where each receives a unique inscription ID. An ordinal can be minted
under that license by including the license inscription ID in its metadata,
eliminating any doubt as to the governing terms. The metadata also states whether
a royalty has been reserved and the amount of the royalty.
When choosing licensing terms, you can opt for free, form licenses which are accessible in our UI. These include a personal license, a commercial exclusive license, and a commercial non-exclusive license.
You can also create your own custom license agreement to govern your relationship with your collectors. Just mint an inscription of your licensing terms to the JTC Blockchain. You can then reference the inscription ID in the metadata of any ordinal you mint thereafter.
When choosing licensing terms, you can opt for free, form licenses which are accessible in our UI. These include a personal license, a commercial exclusive license, and a commercial non-exclusive license.
You can also create your own custom license agreement to govern your relationship with your collectors. Just mint an inscription of your licensing terms to the JTC Blockchain. You can then reference the inscription ID in the metadata of any ordinal you mint thereafter.
What happens in case of a legal dispute involving JTC
Ordinals?
In the event of a legal dispute, Jurat will generate a unique ID for you to
provide to a court or arbitrator. JuratBTC nodes will understand this ID and
follow a court order which includes it.
You can learn more about the court enforcement process at https://jurat.io/technology/ or write us at info@jurat.io.
You can learn more about the court enforcement process at https://jurat.io/technology/ or write us at info@jurat.io.
You can learn more about the court enforcement process by visiting our technology page.