Magic Eden, a cross-chain NFT platform, has launched a Bitcoin marketplace for digital artifacts.
With over 400,000 inscriptions on Bitcoin, including images and audio clips, securely inscribed on the blockchain and tied to the cryptocurrency’s smallest unit, a Satoshi, the ecosystem has become a destination for collectors to explore digital art.
Infrastructure is being built to support Bitcoin inscriptions, with wallets and explorers developing support daily. The marketplace is the only fully audited platform in the Bitcoin Ordinals ecosystem and is completely permissionless.
Magic Eden will be partnering with 13 leading collections, including Taproot Wizards, Inscribed Pepes and Bitcoin Bandits.
The platform plans to continue updating the marketplace to create a more advanced and built-out experience.
Magic Eden CEO and co-founder Jack Lu said, “Adding a Bitcoin marketplace is really exciting for our team, considering it is the grandfather of all blockchains and we are all passionate about blockchain. Bitcoin Ordinals bring a whole new dimension into the universe of NFTs.”
Since entering the market in 2021, Magic Eden has supported NFT communities on Solana, Ethereum and Polygon with its user-friendly experience for collectors and traders. Its Launchpad offering is trusted by hundreds of creators to bring their collections to life and grow their communities.
The Bitcoin marketplace will feature two non-custodial wallets, Hiro and Xverse, to allow users to process transactions that mimic a Phantom-like experience, featuring efficient listing, delisting, buying, selling, and facilitation of transactions.
Collections within the marketplace will be subject to exemplary filtering, allowing collectors to see artifact information, including Ordinal rarity, age, name, inscription numbers, and more. The platform’s analytical features and loyalty programme provide users with key benefits such as lower marketplace fees.