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Binance NFT Marketplace to Support Bitcoin Ordinals

Binance NFT marketplace has announced that it will soon support Bitcoin Ordinals, though the specific launch date has not yet been revealed. This move is aimed at expanding the platform's ecosystem and creating more opportunities for NFT traders and collectors. With this addition, customers will be able to purchase Bitcoin NFTs without having to set up a taproot-compatible Bitcoin wallet. Additionally, creators will be able to generate more income through Binance's NFT royalty support, and collaborators will enjoy benefits such as access to Binance's NFT Discord channel and NFT airdrops for upcoming Bitcoin NFT projects. The ordinal protocol, launched in January 2023, enables creators to attach data to individual satoshis on the Bitcoin blockchain, creating immutable digital collectibles that can be transacted through Bitcoin wallets. Binance NFT marketplace offers three functionalities: the marketplace, Initial NFT Offerings (INO), and NFT-Fi, which enables users to stake their NFT or use them as collateral to get a loan.

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