Binance NFT Marketplace to Launch Support for Bitcoin NFTs

by BSC News

May 9, 2023


The upcoming integration of Bitcoin Ordinals on the Binance NFT Marketplace will open up new avenues for collectors and creators and further broaden the platform's multi-chain ecosystem.

Binance NFT Marketplace Welcomes Bitcoin Ordinals

Binance NFT Marketplace has announced that it will be supporting Bitcoin Ordinals, also known as Bitcoin NFTs, which will expand the platform's ecosystem and offer more opportunities to NFT collectors and traders. 

Binance's NFT Marketplace currently supports three different networks, but the addition of Bitcoin Ordinals will broaden the platform to a multi-chain, open marketplace ecosystem, where users can explore and trade a wider variety of NFTs across multiple blockchains from their Binance accounts. 

In addition, Binance NFT will offer royalty support for Bitcoin NFT creators, enabling them to generate additional revenue opportunities when their digital assets are bought and sold on the platform. Binance NFT is actively seeking collaboration with quality NFT projects focused on Bitcoin Ordinals to support the growth and development of the ecosystem.

Find more information about Binance NFT Marketplace’s support for Bitcoin Ordinals via the Binance blog

What Are Bitcoin Ordinals?

Launched in January 2023, Bitcoin Ordinals are a new way to create Bitcoin NFTs by attaching data to individual satoshis on the Bitcoin blockchain. Each satoshi, which is the smallest unit of Bitcoin, can now be identified and transacted with additional data such as text, images, or videos using the Ordinals protocol. These inscriptions do not require a separate token or sidechain thanks to the Taproot and SegWit upgrades to the Bitcoin protocol. With over a million inscriptions made within the first three months, Ordinals have made Bitcoin NFTs a reality and expanded Bitcoin's use beyond value transfer or storage.

What is Binance NFT?

Binance NFT is the exchange’s NFT arm that consists of a marketplace, a platform for initial game offering (IGO), and mystery NFT boxes in the BNB Chain, Ethereum and Polygon ecosystems.

Find more about Binance NFT here:

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