Magic Eden Rolls Out "Fully Audited" Marketplace for Bitcoin Ordinals

The Bitcoin Ordinals marketplace is "fully audited" and will allow users to buy and sell Bitcoin non-fungible tokens (NFTs) with the same ease as they trade Solana or Polygon digital collectibles.

Eden Magic’s new marketplace has added support for Hiro and Xverse, two Bitcoin wallets that support BTC Ordinals. The wallet support will allow Magic Eden Bitcoin Ordinal marketplace users to buy and hold any NFTs on the Bitcoin network.

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The Ordinals protocol allows anyone to imprint media and text on the Bitcoin blockchain. While less than two months old, the protocol has created over 500,000 inscriptions.

In its announcement, Magic Eden revealed that the Bitcoin NFT marketplace was "built within a month" during a "hackathon in California with over a dozen devs." On top of that, the company added:

We are starting on this journey by creating a Bitcoin marketplace that showcases the purest form of collectibles, ones that are truly immutable and that will exist on satoshis forever. Our aim is to empower creators and collectors, providing them with the tools and infrastructure they need to succeed.

Magic Eden will include 13 collections for the beta launch, including Inscribed Pepes, Bitcoin Bandits, and Taproot Wizards. According to Zhuoxun Yin, COO and co-founder of Magic Eden, these collections were chosen since they were amongst the earliest to launch.

The initial rollout of the marketplace will only allow secondary sales of Bitcoin Ordinals NFTs. However, Eden Magic is planning to launch minting capabilities in the near future. The feature is already available through its Launchpad for the other supported blockchain networks.

Before the announcement, Magic Eden already supported Polygon and Solana-based NFTs while also supporting all Ethereum-based NFTs.

Besides Magic Eden, the Gamma.io NFT platform recently added support for Bitcoin NFTs.