Bitcoin ordinals hit Binance NFT Marketplace in latest update

Bitcoin ordinals — likewise called Bitcoin NFTs– have actually made their way into the limelight of the Web3 space, as more marketplaces continue to adopt and use digital properties. On May 9, the cryptocurrency exchange Binance revealed that it will support Bitcoin ordinals on its NFT market in late May. The development will broaden Binances multichain NFT community to include the Bitcoin network. Previously the Binance NFT market integrated with other decentralized networks, consisting of BNB Chain, Ethereum and Polygon. Mayur Kamat, the head of item at Binance, commented on widening the offerings in the market and Bitcoins (BTC) crypto legacy: “Bitcoin is the OG of crypto.” The upgrade allows Binance users to trade and buy Bitcoin ordinals from existing Binance accounts. According to the statement, the update will also consist of royalty support and “extra revenue creating chances” for those creating Bitcoin ordinals.Related: Bitcoin metrics to the moon: ATH for hash rate, everyday transactions and OrdinalsPrior to Binances statement, the cryptocurrency exchange OKX likewise revealed in late April that it was bringing Bitcoin ordinals to its marketplace and wallet environment. OKX users could view and save ordinals using their accounts, with the option to mint ordinals being hinted at in the future, according to Haider Rafique, the chief marketing officer at OKX.The Bitcoin NFTs are also available on markets such as Magic Eden, which integrated the function back in March. Ordinals reach 3 million engravings. Source: DuneAccording to recent information, engravings of Bitcoin ordinals have actually been on the rise in current months. On April 2, Bitcoin ordinals reached 58,179 engravings– up 83.5% from the previous month. Nevertheless, on May 1, the overall number of Bitcoin ordinal inscriptions increased to go beyond 3 million. They remain a controversial topic within the crypto community, with Bitcoin maximalists criticizing them for deviating from Bitcoins initial peer-to-peer ethos.Magazine: ZK-rollups are the endgame for scaling blockchains: Polygon Miden creator