Claim BonusBitcoin Ordinals Gain Binance Support; May Launch In Sight
Bitcoin News: Binance, the world’s biggest crypto exchange on Tuesday announced that its non-Fungible Token (NFT) Marketplace will soon support Bitcoin Ordinals (Bitcoin NFTs). Binance’s move to add Bitcoin NFTs is expected to broaden its NFT ecosystem and increase options for traders.
Also Read: Shiba Inu Burn Rate Spikes 13000% Amid Pepe Coin Frenzy
Can Bitcoin Ordinals Change NFTs Game?
According to the announcement, the Binance NFT ecosystem is incorporating Bitcoin culture and innovative tech, while offering collectors more scope. It added that Bitcoin NFT creators will be offered royalty support which will eventually help them to generate additional extra revenue.
However, Binance is actively seeking to collaborate with more NFT projects while aiming to support the growth and evolution of the Bitcoin Ordinals ecosystem. It added that Users can participate in a special registration event scheduled from May 9 to May 15. This hints that Bitcoin NFTs might be launched in the second half of May. Read More Bitcoin News Here…
Also Read: SBF Attempts To Flee 10 Of 13 Criminal Charges In FTX Case
BTC Ordinals Vol Jumps
Bitcoin Ordinals were launched in January 2023, it is explained as a way of creating Bitcoin NFTs by fixing data to satoshis on the BTC blockchain. However, the amount of Ordinals inscriptions on the Bitcoin network has registered a major rise. It has almost done a double trick by jumping from 2.5 million to 4.78 million in just the last eight days.
On the market side, Bitcoin has managed to hold on amid the ongoing banking crisis. BTC price has jumped by more than 40% in the last 60 days. It is trading at an average price of $27,649, at the press time.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Bitcoin Price Reclaims $96K as Bitwise CIO Predicts “Parabolic” Run From BTC ETF Flows
- Germany’s DZ Bank Gets MiCAR Approval to Offer Institutional Bitcoin, Cardano Trading
- CLARITY Act Enters Critical Phase as Senate Committee Sets January 27 Markup
- Senator Warren Tells OCC to Stop World Liberty Bank Review Amid Trump Ties
- Bitcoin Rises to $94k as Trump Signals Alternatives Ahead of Supreme Court Tariffs Ruling
- Standard Chartered Predicts Ethereum Price could reach $40,000 by 2030
- Bitcoin Price Eyes $100k as Core US Inflation Slips Ahead of CLARITY Act Markup
- Why Is MSTR Stock Price Down Despite Recent Bitcoin Purchase
- Pi Coin Price Prediction: How Mainnet Migration and New Tokens Supply Could Affect Pi Network?
- Crypto Stocks To Watch: MSTR, Metaplanet, and S&P 500 price
- Solana Price Targets $200 as WisdomTree Declares Its Dominance Structural
