Blog

• Magic Eden has launched the primary absolutely audited Bitcoin NFT marketplace.
• The marletplace has built-in two non-custodial wallets to assist seamless transactions.
• Magic Eden now helps NFT marketplaces for Solana, Ethereum, Polygon and Bitcoin.

Cross-chain NFT platform Magic Eden has added to the impetus round NFT Ordinals on Bitcoin by launching a totally audited Bitcoin NFT marketplace. The digital artifacts marketplace will function every thing from pictures and audio clips.

Magic Eden’s transfer means merchants throughout the ecosystem are set to learn from with the ability to purchase and promote Bitcoin-based inscriptions tied to satoshi – the smallest unit of measuring worth for BTC.

A brand new dimension to NFT universe

In a press release revealed on Tuesday, Magic Eden famous the infrastructure supporting Bitcoin inscriptions is rising, even because the community counts over 400,000 such digital artifacts to this point. 

At the second, the Bitcoin NFT marketplace has built-in two non-custodial wallets – Hiro and Xverse – with assist for options akin to itemizing, delisting and shopping for and promoting. The marketplace already affords entry to greater than 70 collections.

3/ Why Bitcoin? Ordinal digital artifacts exist on-chain, by no means off-chain, and are completely immutable, which means they can’t be altered in any manner.

Add the safety side of BTC & the decentralization of its nodes, and also you get the final word dwelling for true digital collectibles.

— Magic Eden 🪄 (@MagicEden) March 21, 2023

Commenting on the event, Magic Eden co-founder and CEO Jack Lu, famous:

“Adding a Bitcoin marketplace is really exciting for our team, considering it is the grandfather of all blockchains and we are all passionate about blockchain. Bitcoin Ordinals bring a whole new dimension into the universe of NFTs.”

Part of the early efforts aimed toward accelerating adoption embrace Magic Eden’s partnership with 13 high collections, together with Inscribed Pepes, Taproot Wizards and Bitcoin Bandits. Digital artfacts on the platform shall be topic to high quality filtering, with collectors getting access to particulars akin to Ordinal rarity, title, inscription quantity, age and so forth.

“On Bitcoin, all media that is uploaded onto the chain cannot be changed or removed,” Lu mentioned in an announcement. “This simplicity is embraced by many creators who want to create true collectibles that are inscribed onto the chain. We’re excited to bring our winning marketplace user experience we’ve developed over the last year and a half to Bitcoin.”

Magic Eden’s launch of a Bitcoin NFFT marketplace builds on the corporate’s strong basis as a high supplier of blockchain and Web3 options. While it stays the main NFT marketplace for Solana, this newest transfer provides to current expansions to Ethereum and Polygon.