Ordinals Market Launches BRC-721E Standard, Allowing ERC-721 NFTs to Migrate to Bitcoin Network

Ordinals Market Launches BRC-721E Standard, Allowing ERC-721 NFTs to Migrate to Bitcoin Network

Bitcoin NFT marketplace Ordinals Market announced the launch of BRC-721E standard in collaboration with NFT project Bitcoin Miladys, as well as an NFT bridge from Ethereum to the Bitcoin network. The bridge allows users to migrate their ERC-721 NFTs to Ordinals.

When migrating, the ERC-721 NFT will be burned, and the burn transaction will act as an on-chain inscription request. BRC-721E encodes data directly into the burn transaction. When the inscription is confirmed, the BRC-721E NFT will be sent to the user's Bitcoin address, and will be automatically listed on Ordinals Market.

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

Ethereum

NFT

Bitcoin

In This Article

Related News
Ark Invest raises 2030 bull-case bitcoin price projection to $2.4 million on 'aggressive' modeling Ark Invest raises 2030 bull-case bitcoin price projection to $2.4 million on 'aggressive' modeling
pot bitcoin ETFs see $936 million inflows as 'safe haven' narrative strengthens pot bitcoin ETFs see $936 million inflows as 'safe haven' narrative strengthens
Quantum Cats NFT floor price plunges 54% post-Taproot Wizards mint Quantum Cats NFT floor price plunges 54% post-Taproot Wizards mint
Interchain Labs launches IBC Eureka to connect Ethereum to the Cosmos ecosystem Interchain Labs launches IBC Eureka to connect Ethereum to the Cosmos ecosystem
Blur’s decline fuels OpenSea’s market share surge amid broader NFT struggles Blur’s decline fuels OpenSea’s market share surge amid broader NFT struggles
Latest News More More
9 Hours Ago Citigroup predicts stablecoin supply could hit $3.7 trillion by 2030
1 Day Ago Zora airdrop triggers confusion as token launches without announcement, requires users claim manually
2 Days Ago Binance South Africa to require information on senders and recipients for local compliance
3 Days Ago USDC closes in on $61 billion as institutional demand outpaces USDT growth
4 Days Ago Kraken launches forex perpetual futures with up to 20x leverage
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open