Home NFTs Binance NFT Jumps on Bitcoin Ordinals Bandwagon

Binance NFT Jumps on Bitcoin Ordinals Bandwagon

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as popular Bitcoin NFTs Demand continues to skyrocket, and more and more platforms are starting to offer support for this technology. In the latest, the Binance NFT ecosystem plans to launch its own Bitcoin NFT trading hub in late May.

Through this new initiative, Binance will open up its platform to allow members to easily and quickly buy and sell Ordinals and other NFTs on the Bitcoin network. It effectively simplifies the whole process by allowing users to trade through their Binance account rather than requiring a dedicated wallet.

The move increases the number of networks offered by the Binance NFT Marketplace to four, joining Bitcoin to industry heavyweights Ethereum, Polygon and BNB. As a result, the world’s leading cryptocurrency exchanges are poised to position themselves for the next NFT bull run.

Bitcoin NFTs Continue to Establish Their Position

Binance‚Äôs pivot to the world of Bitcoin NFTs follows similar moves by fellow crypto giants OKX and Magic Eden. Both target tokens for their potential to disrupt the industry. Essentially, it provides a means to create and distribute non-fungible tokens on the world’s largest blockchain network.

Bitcoin ordinals have proven to be a major topic of conversation in 2023, giving the blockchain community equal parts hope and despair. Some believe that the technology is a natural evolution of the Bitcoin network and offers utility beyond a store of value. However, some believe that it will destroy the status quo by undermining Bitcoin’s purity and driving up transaction costs.

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*All investment/financial opinions expressed by NFT PLAZA are based on the site moderator’s personal research and experience and are for educational material only. Individuals should thoroughly research any product before making any type of investment.

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