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Binance NFT Marketplace Will Support Bitcoin NFTs

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发表于 2024-3-9 11:31:43 | 显示全部楼层 |阅读模式

The Binance NFT marketplace will soon begin supporting Bitcoin Ordinals (Bitcoin NFTs), thus expanding the platform's ecosystem.

Thanks to Taproot and SegWit updates, Bitcoin Ordinals are now a reality, allowing unique and immutable collections to be created on the Bitcoin blockchain.

In this regard, Binance NFT actively seeks to collaborate with relevant NFT projects focused on Bitcoin Ordinals with the aim of further strengthening its community and ecosystem.

In addition, users will be able to participate in a special registration event , taking place from May 9 to 15, which will allow them to enjoy a series of exclusive benefits.

The Binance NFT marketplace will soon begin supporting Bitcoin Ordinals, offering more opportunities for collectors and creators, as well as expanding the platform's multi-chain ecosystem.



The Binance NFT marketplace has exciting news for the NFT community: the platform will soon support Bitcoin Ordinals (popularly known as Bitcoin NFTs).

This innovative initiative will Ecuador Mobile Number List expand the Binance NFT ecosystem by incorporating the unique culture and innovative technology of Bitcoin, while offering NFT traders and collectors even more opportunities. Get ready to take advantage of the new possibilities that Bitcoin and its creative community now offer to the world of NFTs.

What are Bitcoin Ordinals?
Launched in January 2023, Bitcoin Ordinals are a way to create Bitcoin NFTs by attaching data to individual satoshis (the smallest denomination of bitcoin) on the Bitcoin blockchain. Each bitcoin is made up of 100,000,000 satoshis.

The Ordinals protocol allows each individual satoshi to be identified with additional data attached and transactions made with them. This additional data can be text, images, videos or other content, and is added to each satoshi through a process called enrollment.

All of this has been made possible by Bitcoin protocol updates in the form of the Taproot (in November 2021) and SegWit (in August 2017) updates. As a result, Ordinals enrollments do not require a sidechain or separate token, and allow for the creation of authentic, immutable collections on the Bitcoin blockchain.

Thus, in the first three months after the launch of the Bitcoin Ordinals, more than one million registrations have already been made. In short, Ordinals have made Bitcoin NFTs a reality, thus creating another utility for Bitcoin beyond the mere transfer or storage of value.

What is the Binance NFT marketplace?
The Binance NFT Marketplace is a comprehensive platform for NFT enthusiasts and collectors, powered by Binance's strong infrastructure and thriving community. This platform brings together artists, creators, and innovators from around the world, helping users mint NFTs and trade and stake them more easily. Our innovative NFT-Fi feature offers lending and staking of NFTs, unlocking the full value and financial potential of your digital assets like never before.
               


The platform is made up of several different branches:

Marketplace: Mint, sell and buy NFTs from creators around the world.

Initial NFT Offering (INO): Buy exclusive NFTs created by influential brands and international artists. Enjoy premium offers from digital artists, musicians, athletes and celebrities.

NFT-Fi – Stake NFT or get a loan using NFT as collateral (note that NFT-Fi loans are coming soon to our platform).

Why add Bitcoin Ordinals?
Currently, the Binance NFT marketplace supports three different networks: BNB Chain, Ethereum, and Polygon, but we will also be adding Bitcoin Ordinals shortly.

For Binance NFT, the innovative technology and cultural significance of Bitcoin represents an exciting new horizon, offering unique opportunities for NFT creation.

The integration of the Bitcoin network will bring Binance NFT even closer to a multi-chain open market ecosystem, where users can explore and trade a greater variety of NFTs across multiple blockchains in their Binance accounts.

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