Solomon Samuel 
Open Ordinals Institute, a California-based non-profit, will bolster the Ordinals protocol by providing funding to the NFT development team’s primary developers, including Raph, the project’s pseudonymous lead maintainer.
Four team members will serve on the board of the new nonprofit; Raph, Erin Redwing an anonymous Ordinals developer known as Ordinally, and Casey Rodarmor, the creator of Ordinals.
The team behind the Bitcoin Ordinals protocol has established a non-profit organization dedicated to fostering the development of nonfungible tokens (NFTs) on Bitcoin.
Rodarmor introduced the Ordinals protocol in January. Users rushed to record assets, such as NFTs and Bitcoin-based cryptocurrencies, on the Bitcoin blockchain, making it one of the most popular crypto trends.
On May 28, Rodarmor resigned as the protocol’s chief maintainer and transferred his responsibilities to Raph. As of August 1, 15:00 UTC, the total number of Bitcoin Ordinals inscriptions had surpassed 21 million, marking a momentous occasion for Bitcoin network users.
The team also unveiled the organization’s official website, Ordinals.org, which allows users to make donations and view project development updates.
According to the official website, donations to the Institute will be tax-deductible for U.S. taxpayers following the organization’s anticipated approval by the Internal Revenue Service, which is expected to occur later this year.