The popularity of Bitcoin NFTs is on the rise, and NFT marketplace, Magic Eden, is looking to capitalize on the trend with the launch of its new Bitcoin NFT marketplace. The platform is aimed at encouraging user adoption of Bitcoin-based NFTs by providing a secure blockchain platform where all media uploaded on the Bitcoin blockchain cannot be altered or deleted.
Welcome to a new dawn. Magic Eden is now on Bitcoin.— Magic Eden 🪄 (@MagicEden) March 21, 2023
Now, you can safely trade your favorite collectibles on the 1st audited marketplace with $BTC 🤝
Explore 70+ collections on our marketplace: https://t.co/WiYYgIWPG5
Don't forget to follow @MEonBTC! pic.twitter.com/KNCrVFrCTu
According to Magic Eden co-founder and CEO, Jack Lu, “On the Bitcoin blockchain, all media uploaded on the chain cannot be altered or deleted. It’s been embraced.” Lu believes that the blockchain’s security features will be a significant draw for the marketplace’s users.
The new marketplace will partner with popular Bitcoin NFT collections to boost its user base, and the company is excited about the potential for high-value items being engraved and created on the Bitcoin blockchain. Co-founder Zhuoxun Yin says that the company is rushing to announce its first batch of NFTs to attract more users to trade NFTs on the Bitcoin network.
Magic Eden has historically led the Solana-based NFT marketplace, but it has recently expanded into multiple blockchain ecosystems. In August, it added support for the Ethereum blockchain, and in November, it added support for Polygon, a popular layer-2 blockchain.
With the growing demand for NFTs, Magic Eden’s new Bitcoin NFT marketplace is an exciting development for collectors and traders looking to explore the possibilities of blockchain technology. The company’s expansion into multiple blockchain ecosystems provides users with more options and a wider range of assets to trade, and the new marketplace is poised to become a significant player in the NFT marketplace.
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