“Bitcoin NFTs” have taken off over the last two months thanks to the launch of Ordinals, a protocol that lets people digitally imprint media and text on the original blockchain—with more than 500,000 such “inscriptions” made to date. Now, one of the leading NFT marketplaces on other chains has made a move to support Bitcoin, as well.

Magic Eden, the largest Solana NFT marketplace, announced today that it has added support for Bitcoin Ordinals. It’s the latest multi-chain move for the startup—which was valued at $1.6 billion as of June 2022—after expanding to Ethereum and Polygon last year.

Ordinals are a relatively new breakthrough for Bitcoin, enabling the on-chain storage of media without the use of smart contracts as on other chains, and much of the tooling is still being built in real time. As a result, minting, handling, and trading Ordina

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Author: Andrew Hayward

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