Bitcoin Ordinals non-fungible Tokens (NFTs) have received good news with the introduction of a new Creator Launchpad to help all creators create their inscriptions safely before trading them off to collectors.
The Bitcoin Ordinals NFT Creator Launchpad was triggered by Magic Eden, one of the largest digital collections marketplaces by monthly trading volume on April 6th.
According to multiple news According to reports, Ordinals Creator Launchpad will allow creators to engrave BTC-based NFT collections.
Bitcoin Ordinals NFT Creator Launchpad: What is it?
Ann NFTs Launchpad is a platform that helps creators mint and sell their digital collections through a unique portfolio of curated collections that makes it easy for buyers (collectors) to purchase their digital art.
Bitcoin Ordinals NFT Creator Launchpad helps bring new users to the first blockchain ecosystem where tokens can be easily and securely created on the network.
Why Launchpad matters
Before Launchpad was created, magic eden launched market Ordinals in March 2023 will allow creators to list their NFTs for sale to collectors.
This was done through a process called inscription Introduced to Bitcoin mainnet in January 2023.
Inscriptions required the creators to source the so-called Inscription tool without code. many NFTs A hobbyist used one of these no-codes, Gamma, to create the Ordinals NFT.
For some bitcoin enthusiasts familiar with blockchain code, inscription is seen as a relatively simple thing, but it is a complex process for creators familiar with upgrades such as . taproot (triggered in November 2021 to improve privacy and efficiency, supporting Bitcoin smart contracts).
This made it difficult for creators to choose as a platform to create Bitcoin. NFTs Other technologies such as Ethereum, Ronin, Solana, Flow, Polygon, Cardano, WAX, Avalanche, Immutable X, Binance Smart Chain, Arbitrum, Palm, Tezos, Panini, Cronos, Algorand, Waves, Theta, Fantom, OKC, Zilliqa CASES – The largest NFT blockchain with the highest sales volume in history is now available.
Bitcoin ordinal inscription approaches 1 million
As of 11:00 UTC on April 7th, the Ordinal NFT total inscription is heading towards the 1 million milestone.
Total ordinal inscriptions are 955,138, and 30% of this 2925,007 were recorded in the first seven days of April. The ordinal rate paid for overtime is approximately $4.6 million.
Bitcoin Benefits from Ordinal Rise in 2023
BTC was heavily impacted by the collapse of the algorithmic stablecoin TerraUSD (UST) by Terraform Labs in May 2022 and FTX by Sam Bankman-Fried in November 2022.
Despite the market recovery, largely thanks to positive market sentiment across the industry, BTC is up quarterly and yearly. $29,159.90 March 30 coincided with a positive NFT trader aura around the Ordinals.
A significant increase in trading volume is expected for the project market capitalization Exceeding $550 million by the end of Q1 2023, the largest digital asset by market value closed the month at $28,478.48 after opening the year at $16,547.91.