The NFT craze is back… but on Bitcoin – If you follow the cryptocurrency news closely, you could not have missed this information of the utmost importance for lovers of cryptocurrency. NFT to collect. It is now possible to exchange and store them on the network Bitcoin. THE Ordinals, that’s their nickname, have kicked the NFT anthill in a big way earlier this year and sparked a new rush for rare images. The big NFT platforms couldn’t stay away from the phenomenon any longer, and magic eden has just announced that its users can now buy and sell Ordinals on the platform.
After Solana, Ethereum and Polygon, make way for NFTs on Bitcoin
Start of the week, magic eden informed that it would now be possible to sell and buy Ordinals. Bitcoin therefore becomes the fourth blockchain supported by Magic Eden after Solana, Ethereum and Polygon. And his teams are delighted with this news:
“Just as we have expanded into other chains, we now aim to bring our expertise in building marketplaces to the nascent, yet thriving Ordinals ecosystem. In doing so, we honor the culture of Bitcoin, providing the first audited market and our winning user experience for collectibles enthusiasts. »
In this statement, two interesting ideas can be noted. First of all, that of surfing the pro Bitcoin wave which is very popular in the ecosystem. Bitcoin is the spiritual father of all blockchains and “holds a unique place in the hearts of many”, as can be read on the blog post. magic eden knows this well and intends to capitalize on it. But the platform also highlights its expertise and its audited market to try to stand out from the competition.
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Magic Eden intends to surf the wave of Ordinals
In addition, by partnering with the Hiro and Xverse wallets, Magic Eden intends to take its share of the cake, by coming to hunt on other people’s lands. registration platforms, such as Gamma.io, Ordx.io and Generative.xyz. And the increase in the number of registrations is phenomenal. We went from 679 February 1 over 560,000 Start of the week. This means that many collections are emerging on the network, and the trend does not seem ready to be reversed.
In addition, NFT stars have positioned themselves on Ordinals, such as the monkeys of Yuga Labs renamed “ Ordinal Apes » for the occasion. Currently, Magic Eden only offers the secondary market, but its teams want to develop their service.
“We are also looking at future tools that would make it easier for creators to mint – mint – or list Bitcoin NFTs using the dashboard, as we are offering for other chains. »
Declaration of Magic Eden
Finally, Magic Eden announces that in the absence of standard norms concerning the royalty feethe platform will only apply none for the moment. It remains to be seen whether Ordinals will continue to grow or if this is just a passing trend, as seen in the NFT sector. But given everything that’s going on behind the scenes on that side, it’s a safe bet that NFTs will still be talked about in a few months. On the Bitcoin network or on another, on the other hand, Only the future will tell us.
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