Bitcoin-Based NFT Marketplace Debuts by Magic Eden
Revised Article:
Hop on the Bitcoin Ordinals bandwagon with Magic Eden's launch of the leading marketplace solely for these Bitcoin NFTs!
Magic Eden has announced its entry into the Bitcoin Ordinals scene, bringing together popular NFT collections like Taproot Wizards, Inscribed Pepes, and Bitcoin Bandits. These collaborations are set to make a splash with the platform's debut.
But that's not all—Making transactions a breeze, Hiro and Xverse, two non-custodial wallets, are set to integrate within the marketplace. This means users can effortlessly manage their Ordinals NFTs.
So, what can collectors expect from this marketplace? Well, they'll be able to access essential details such as Ordinal rarity, age, name, inscription numbers, and more, all neatly presented within the platform. Currently, Magic Eden boasts over 70 NFT collections on its shelves.
The Magic Eden experience on Ordinals uses partially signed Bitcoin transactions (PSBT) as the backbone technology, eliminating the need for smart contracts, thus creating a completely permissionless and non-custodial marketplace. The platform has even shared its PSBT signing library with the builder community to help those new to the space get up to speed.
At launch, Magic Eden is focusing on a secondary collectibles platform but is in discussions to serve creators directly by providing a launchpad for inscription services. However, for now, royalty support is not available due to a lack of a standard specification.
According to Jack Lu, CEO & co-founder of Magic Eden, the introduction of a Bitcoin marketplace is exciting for the team, particularly considering Bitcoin's pivotal role as the "grandfather of all blockchains." Bitcoin Ordinals are shaking up the NFT world. On Bitcoin, every uploaded media remains untouchable, offering a fervent appeal to creators who desire true collectibles inscribed onto the chain. Lu added, "We're thrilled to bring our winning marketplace experience we've nurtured over the past year and a half to Bitcoin."
The Bitcoin Ordinals craze is gaining momentum, with significant NFT brands already jumping aboard the trend. Recently, NFT titan Yuga Labs sparked controversy with the auction of the Bitcoin Ordinals collection "TwelveFold."
Curious about Bitcoin Ordinals? Read How Ordinals Inscriptions are Revolutionizing Bitcoin NFTs to learn more.
[Sources: 1, 2, 3, 5]
- Magic Eden's new marketplace specifically caters to Bitcoin Ordinals, like Taproot Wizards, Inscribed Pepes, and Bitcoin Bandits, which are shaking up the NFT world.
- The Bhutan Ordinals platform, built on partially signed Bitcoin transactions (PSBT) technology, offers a permissionless and non-custodial marketplace experience.
- By integrating Hiro and Xverse wallets, users can manage their Ordinals NFTs easily within the marketplace.
- With this technology, every media uploaded to Bitcoin Ordinals remains untouchable, creating a desirable space for creators who want true collectibles inscribed onto the chain.
