Binance NFTThe marketplace announced that users will soon be able to trade Bitcoin NFT on the platform using their existing wallet.
Bitcoin NFTalso known as Bitcoin Ordinals has become the focus of Web3 space as more marketplaces continue to adopt and deliver digital assets. Binance’s May 9 announced that it will support Bitcoin Ordinals in the NFT market at the end of May. This development will expand Binance’s multi-chain NFT ecosystem to include the Bitcoin network.
Additional Income Opportunity Will Be Offered To Bitcoin Ordinals Creators
Binance NFT market previously BNB Chain, EthereumAnd polygonintegrated with other decentralized networks, including
Binance product manager Mayur Kamat In a statement regarding the expansion of offers in the market, he said: “Bitcoin is the original form of crypto”. The upcoming update will allow Binance users to buy and trade Bitcoin Ordinals from their existing accounts. The update will also include opportunities to offer royalty support and additional income for Bitcoin Ordinals creators.
OKXannounced in late April that it was bringing Bitcoin Ordinals to the marketplace and wallet ecosystem.
OKX’s marketing manager Haider RafiqueHe said that OKX users will be able to view and store Ordinals using their accounts at the initial stage, and they will be able to mint Ordinals in the future.
Bitcoin NFTs integrated this feature in March. Magic EdenAlso available in market places.
According to the latest data, Bitcoin Ordinals transactions have been increasing in recent months. On April 2, Bitcoin Ordinals data reached 58,179 transactions, an increase of 83.5 percent compared to the previous month. However, on May 1, the total number of Bitcoin Ordinals transactions exceeded 3 million.
