Bitcoin 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.
- How the Crypto Market Could React to the Next Fed Meeting on October 29?
- $1.68 Trillion T. Rowe Price Files for First Active Crypto ETF Holding BTC, ETH, SOL, and XRP
- Standard Chartered Predicts Bitcoin Could Drop Below $100K Amid U.S.–China Trade Tensions
- Rising Demand for Verifiable Crypto Ownership Drives Launch of Trezor Safe 7
- Robinhood Lists Binance Coin as BNB Outperforms BTC, ETH, SOL YTD By Over 30%
- XRP Price Classical Pattern Points to a Rebound as XRPR ETF Hits $100M Milestone
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
- Pi Network Price Wedge Signals a Rebound as Key Upgrades Raise Utility Hopes
- Solana Price Eyes $240 Recovery as Gemini Launches SOL-Reward Credit Card
- XRP Price Prediction Amid Evernorth’s $1B XRP Treasury Plan – Can XRP Hit $5?
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing