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New Bitcoin Runes Platform Launched by Magic Eden

Key Takeaways

  • Magic Eden launches a new platform dedicated to Bitcoin Runes;
  • The platform, still in beta, simplifies trading with features like Table View and upcoming Swap View;
  • Future updates will introduce minting and "etching" of Runes in collaboration with Luminex.
New Bitcoin Runes Platform Launched by Magic Eden

Magic Eden, a marketplace for non-fungible tokens (NFTs), has recently launched a platform dedicated to Bitcoin (BTC) Runes.

This new platform, currently in its beta phase, is designed to address and simplify the complex trading challenges that have emerged with the new token type.

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Crypto Day Trading VS Swapping: What’s More Rewarding? (Animated)

Crypto Day Trading VS Swapping: What’s More Rewarding? (Animated) Crypto Day Trading VS Swapping: What’s More Rewarding? (Animated)

The Runes platform introduces innovative features to improve the buying experience. 

These include the Table View, which allows users to customize their purchasing by selecting specific lots and prices, which enhances the traditional card view used for Bitcoin BRC-20 token transactions.

The upcoming Swap View will offer an even simpler transaction process by automatically matching users with the best buying options based on the BTC amount they wish to spend.

While the current version of the platform does not support the minting or “etching” of Runes, Magic Eden plans to introduce these capabilities in future updates, as it will collaborate with Luminex.

As the NFT marketplace continues developing its platform, the features will likely enhance its market influence and user engagement.

Magic Eden has already established itself in the Bitcoin space through its support of Bitcoin Ordinals.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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