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.
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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…
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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.
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