Leading cryptocurrency exchange Binance announced plans to add support for Bitcoin Ordinals in its NFT marketplace in the coming weeks.
According to a statement sent to CryptoPotato, Binance NFT will integrate Bitcoin Ordinals non-fungible tokens into its platform later this month as the marketplace looks to expand its multi-chain ecosystem.
Bitcoin NFTs Coming to Binance
Bitcoin Ordinals allows users to inscribe NFTs in the witness portions of bitcoin (BTC) transactions through the Taproot soft fork. The inscriptions can be in the form of videos, images, texts, or codes. They are also used to number satoshis – the smallest denomination of BTC – on the Bitcoin network.
Since the launch of the Ordinals Protocol in January 2023, NFTs on the Bitcoin network have surpassed three million, and user activity on the blockchain has surged, with daily transactions approaching peak levels.
With the upcoming integration into Binance NFT, users will be able to purchase and trade Bitcoin Ordinal
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