Magic Eden’s NFT marketplace has just extended its services to the Bitcoin blockchain to trade Ordinals. While this novelty still divides the community, the first exchanges have already taken place.
Magic Eden is now available on Bitcoin
While the protocol divides as much as it excites within the Bitcoin (BTC) community, the marketplace of non-fungible tokens (NFT) Magic Eden has chosen to follow the trend by opening up to this novelty :
Welcome to a new dawn. Magic Eden is now on Bitcoin.
Now, you can safely trade your favorite collectibles on the 1st audited marketplace with $BTC ?
Explore 70+ collections on our marketplace: https://t.co/WiYYgIWPG5
Don’t forget to follow @MEonBTC! pic.twitter.com/KNCrVFrCTu
— Magic Eden ? (@MagicEden) March 21, 2023
From a purely technical point of view, an Ordinals listing is not an NFT, nevertheless, it comes very close to it in the philosophy that surrounds it. This is why this part of the ecosystem has been in turmoil for a few weeks, while the protocol allowing this was finalized last January.
? NFTs on Bitcoin? Find our interview with Fanis Michalakis
As these new collections develop, it is therefore logical to see marketplaces open up to allow the trading of these assets. That’s why Bitcoin becomes the latest blockchain on which Magic Eden has chosen to operate :
“Creating a market in Bitcoin challenges the status quo and shows our ability to overcome technical obstacles. Now you can easily buy, sell, list and bid on collectibles with our familiar and intuitive interface on our platform. »
Without technical means to return them, the platform does not currently support royalties. On the other hand, Magic Eden is considering a future Launchpad that would support creators given the requests received, although this is not on the agenda right now.
Anyway, the first exchanges are already taking place on the marketplace, and the BTC DeGods collection is in the lead with a volume of 6.56 BTC over the last 24 hours, and a floor price of 1.069 BTC:
Volumes of the different Ordinals collections on Magic Eden
? Going Further — What Exactly Are Bitcoin Blockchain Ordinals?
Buy NFTs on Binance
Discover Binance’s NFT Marketplace ?
Source: MagicEden
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I timidly discovered the world of blockchain at the end of 2018 during my quest for financial freedom. Initially invested moderately, it was only two years later that I took the gamble of betting everything on the movement that was taking shape then. I then dedicate 2021 to training myself better to acquire more knowledge and seriousness. As I often like to say: I still have a billion things to learn. And what I do know, I want to share with you.
Vincent Mayor
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