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Bitcoin NFTs Are Broken, but They’re About To Be Fixed

March 22, 2023
in Web3
Reading Time: 2 mins read
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TL;DR

One of many latest/clunkiest options within the crypto world is Bitcoin Ordinals (aka Bitcoin NFTs).

At the moment, bidding and gross sales for Bitcoin NFTs are managed utilizing – get this – Excel spreadsheets (not a joke).

Magic Eden, the biggest Solana NFT market on the market, has simply introduced plans to convey sensible contract-like effectivity to the Bitcoin Ordinal house.

Full Story

The better one thing is to make use of, the extra folks will use it.

It is a highly effective idea.

Hell, Apple’s complete worth pitch was that their merchandise “simply work,” for a great decade or so (again when Microsoft was a dumpster fireplace).

Identical applies to Web3…although the entire house continues to be taking part in meet up with the consumer experiences of perfected in Web2.

One of many latest/clunkiest options within the crypto world is Bitcoin Ordinals (aka Bitcoin NFTs).

At the moment, bidding and gross sales for Bitcoin NFTs are managed utilizing – get this – Excel spreadsheets.

(Not a joke).

In comparison with NFTs on Ethereum/Solana/Polygon, which handle bidding, gross sales and exchanges mechanically (utilizing a magic little factor known as a sensible contract).

However it seems to be like this hole in know-how is about to shut.

Magic Eden, the biggest Solana NFT market on the market, has simply introduced plans to convey sensible contract-like effectivity to the Bitcoin Ordinal house.

…and the simpler one thing is to make use of, the extra folks will use it.

Which suggests we are able to anticipate sooner adoption of Bitcoin NFTs, and elevated use of the Bitcoin community.

We’re eager to see the place this leads!

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Tags: BitcoinBrokenFixedNFTsTheyre
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