Magic Eden Teases the Ability to Bid Bitcoin Ordinals on its NFT Marketplace
Magic Eden, a prominent cross-chain NFT marketplace, recently hinted at allowing users to bid Bitcoin ordinals on their platform. This announcement, coupled with other factors, has led to a 13% increase in Bitcoin NFT sales volume in the past 24 hours.
Key Points:
- Magic Eden teases the possibility of bidding for ordinals on its platform.
- Launchpad for Bitcoin Ordinals was introduced a few months ago, enabling NFT trading on the Bitcoin blockchain.
- Magic Eden is a decentralized marketplace for trading NFTs on various blockchains.
- The platform originally focused on Solana but expanded to support Ethereum, Polygon, and Bitcoin.
- The NFT marketplace recently partnered with Polygon, offering a $1 million fund for NFT projects and mentorship opportunities.
Magic Eden’s Impact on Bitcoin Ordinal Trading
Magic Eden’s recent announcement and collaborations have had a notable effect on the trading sales volume of Bitcoin ordinals. CryptoSlam.io data reveals a 13% increase in sales, with $319,632 in trading sales volume recorded in the past 24 hours.
Hot Take: Magic Eden’s introduction of bidding for Bitcoin ordinals on its platform is expected to generate significant excitement and drive further growth in the NFT market. The platform’s expanding partnerships and support for multiple blockchains position it as a key player in the evolving NFT landscape.
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