Bitcoin NFTs Are Now Offered By Binance NFT On Its Own Platform!
Now, Binance accounts will offer an option for NFT collectors to obtain tokens from the Bitcoin Network directly. The most popular cryptocurrency exchange, therefore, will give investors an option for them to not create a separate wallet for registration. This will make things easier for users.
Now, Binance accounts will offer an option for NFT collectors to obtain tokens from the Bitcoin Network directly. The most popular cryptocurrency exchange, therefore, will give investors an option for them to not create a separate wallet for registration. This will make things easier for users.
Binance Now Plans to Support Ordinals
On May 9, the biggest cryptocurrency platform, Binance, announced that its NFT marketplace now plans to support Ordinals, or Bitcoin NFTs on its platform. The implementation of this project is estimated to be at the end of this month, but the exact date is not yet known. Binance NFT plans to expand its offering to make it easier for Bitcoin exchange users to buy Ordinals. The marketplace of Binance is already compatible with NFTs on Polygon, Ethereum, and its native chain BNB Chain.
Collectors will soon be able to buy and sell NFTs or listings that were created on the Bitcoin Platform, and this project could potentially expand the reach of the newly-emerged Ordinals ecosystem. In order to make more people adopt Bitcoin NFTs, Binance is also planning to procure Bitcoin NFTs with their Binance accounts. This could make the process easier for any user who wishes to invest in NFTs on these platforms.
Mayur Kamat is Positive on this Endeavor
Now, NFT collectors will not have to obtain a Bitcoin wallet that is compatible with Taproot like the TwelweFold Ordinals of the giant Yuga Labs. Binance wishes to make this process as simple and secure as possible for new buyers to adapt to this expanding market. Mayur Kamat, a product manager at Binance, said that Bitcoin was “the widest choice for NFT collectors” in a press report. He also considers this to be an expanding market in which the Binance platform could position itself. Mayur Kamat also said that “Bitcoin is the OG of cryptocurrency. It looks like things are just getting started and we can’t wait to see what the future holds in this area.”