22 Mar

Magic Eden, a nonfungible token marketplace, has introduced its own "fully audited" marketplace for Bitcoin Ordinals in an effort to capitalise on the growing interest in "Bitcoin NFTs."

A comparable user experience to that provided by Magic Eden for Polygon, Ethereum, and Solana-based NFTs is provided by the recently created marketplace, which enables Bitcoin NFT traders to buy and sell Bitcoin Ordinal collections.

“Just as we have expanded into other chains, we now aim to bring our expertise in building marketplaces to the nascent, yet flourishing Ordinals ecosystem,” the firm said in a March 21 Statement.

In January, Casey Rodarmor, a former Bitcoin core contributor, unveiled the new Ordinals protocol. Since then, Bitcoin Ordinals have become increasingly popular.

“We paid close attention to the release of Ordinal Theory and the lightning pace of adoption that soon followed,” said Magic Eden.

“Our marketplace was built within a month, culminating in a hackathon in California with over a dozen devs.”

The market now only permits the sale of second-hand Bitcoin Ordinals. The market said it is also investigating potential tools, like its launchpad, which it provides for other chains, that would make it easier for producers to mint or inscribe Bitcoin NFTs.

Editor- Sarah Fathima Ahmed          

March 2023, CryptoniteUae

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