Non-fungible token (NFT) marketplace Magic Eden said Thursday it’s rolling out a creator launchpad for Ordinals, helping creators successfully inscribe their Bitcoin-based NFT collections.

While the company already has the infrastructure for creators to list and sell Ordinals, the launchpad will help onboard creators to the ecosystem to easily facilitate the creation of tokens on the Bitcoin network. The process of inscribing an Ordinal NFT is far different from minting a digital asset on Ethereum, which poses a barrier to entry for many creators who aren’t familiar with the intricacies of Taproot and inscriptions. This led Magic Eden to find a way to help ease the process for the growing market of Ordinals collectors.

Zhuoxun Yin, chief operating officer and co-founder of Magic Eden, said in a press release that helping creators to mint Ordinals will help grow a larger market for tokenized assets on Bitcoin.

(by Toby Leah Bochan)