As interest in Bitcoin Ordinals continues to grow, the Magic Eden marketplace wants to take advantage of the enthusiasm for new Bitcoin NFTs.
Magic Eden x Ordinals: the first lunchpad on Bitcoin
Ordinals protocol, which allows digital content to be written on the Bitcoin blockchain, has grown considerably since the beginning of the year. The technology is very similar to that used for NFT present on Ethereum and other networks like Solana or Avalanche. As the total number of Ordinals is about to exceed one million units, Magic Eden is launching a lunchpad allowing creators to launch new collections on these Bitcoin NFTs.
Magic Eden, which had recently integrated Bitcoin Ordinals on its multi-chain marketplace quickly overtook its competitors in terms of trading volume. It announced today that it will launch its Bitcoin lunchpad on Friday. The launchpad is a platform allowing artists to raise funds at the genesis of their projects or their creations. Participants will be able to access the release of the latest NFTs before their listing on the marketplace.
The first Bitcoin project offered by Magic Eden is Deadjira, a spinoff of the project NFT Godjira on Ethereum. The collection consists of a series of 107 Pixelated Lizard (PFP) themed profile pictures.
PG x Magic Eden
First Bitcoin Launchpad 💀🦖
— Magic Eden 🪄 (@MagicEden) April 5, 2023
Vendre et créer des Ordinals sur Magic Eden
The lunchpad will feature other Ordinals over the next few weeks, such as Genopets, a Solana-based NFT gaming project. We will also find Lazy Lions, The Humanoids et The Bored Ape Yacht Club, three other NFT projects already existing on Ethereum. Initially, the launch pad will allow creators to sell Bitcoin Ordinals that have already been registered on the blockchain. Magic Eden can facilitate the registration process itself if requested.
Magic Eden’s launchpad is a commercial initiative that complements its already existing marketplace. It intends to provide a unique experience to artists so that they launch new projects in the best conditions. Since its launch in March, the company’s Ordinals marketplace has steadily climbed to the top of trading volumes, although the market is still relatively young. With Ordinals alone, Magic Eden has achieved a sales volume of approximately $3 million so far (based on data from Dune).
April 17th. pic.twitter.com/dRMP7Y7GEU
— The Heist (@playtheheist) April 6, 2023
Ordinal Bitcoins are becoming popular
On these blockchains, projects use smart contracts containing code that manages decentralized protocols and actions. Thanks to these, we can activate features such as the mint of an NFT on demand. These smart contracts also allow artists to generate works through theartificial intelligence or to custom algorithms.
Ordinals first launched in January and allows users to inscribe digital items, visuals or text directly onto the Bitcoin blockchain. Items are attached to an individual Satoshi, the smallest unit of Bitcoin measurement (1/100,000,000 BTC). Even though registration remains a more complicated process than the classic mint found on other blockchains, Ordinals is still in its infancy and continues to evolve. In your opinion, is it better to invest in Ordinals or directly toacheter du BTC ?
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