NFT Marketplace Magic Eden Adds Support for Bitcoin NFTs

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Magic Eden, a non-fungible token (NFT) marketplace, has launched its platform on the Bitcoin blockchain, powered by the Ordinals protocol.

The platform is backed by non-custodial wallets Hiro and Xverse and provides payments in the first cryptocurrency.

The project team has noted that they experienced high demand for a solution to create the NFTs, but they have yet to decide on the best approach to this.

To solve the problem of charging royalties, they launched a market with no obligatory royalties to authors. The marketplace, initially based on the Solana blockchain, plans to add support for Ethereum in the future.