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Bitcoin Ordinals Launches BRC-721E Standard Allowing Migration of Ethereum NFTs to Bitcoin Blockchain

Bitcoin Ordinals have introduced a new layer-2 solution that allows for decentralized storage of digital art on the Bitcoin blockchain. With the launch of the BRC-721E standard, users can now migrate their Ethereum ERC-721-based nonfungible tokens (NFTs) to the Bitcoin blockchain. The BRC-721E standard was jointly launched by the Ordinals market and the Bitcoin Miladys NFT collection, enabling the conversion of immutable, verifiable ERC-721 NFTs to Ordinals. While metadata is not initially stored on-chain, users can store a lower-quality preview image and include a reference to the Ether (ETH) burn in the raw image data.

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