Bitcoin Ordinals expands into MagicEden: All you need to know
Magic Eden traders can buy inscriptions, which are non-fungible tokens minted on satoshis within the Bitcoin network. To assist collectors, the company is integrating support for Bitcoin wallets Hiro and Xverse to enable traders to list, buy, and sell Ordinal NFTs. Magic Eden is collaborating with popular Ordinal collections, such asThe new marketplace will also provide details about NFTs like Ordinal rarity and inscription numbers.
While there will be no royalty support for the marketplace, Magic Eden says it is “actively looking” into it, noting that there is very little tooling and no reliable and trustless enforcement solutions.“With no royalty standard today, we have decided to launch on Bitcoin without royalty support for now.”Magic Eden isn’t the only one working to create infrastructure to support Ordinals NFTs. Gamma.
Former Bitcoin core contributor Casey Rodarmor introduced the new Ordinals protocol in January. Since then, the popularity of Bitcoin Ordinals has skyrocketed.Inscriptions are like NFTs, but are true digital artifacts: decentralized, immutable, always on-chain, and native to Bitcoin. 🧵
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