Magic Eden Unveils New Bitcoin NFT Ordinals Launchpad for Creators

On Thursday, April 6, NFT marketplace Magic Eden said it would be rolling out the creators’ launch pad for Ordinals. Thus, it will help creators successfully enter their Bitcoin-based NFT collections.

Similar to NFTs on Ethereum and other blockchain networks, the Ordinals protocol allows the writing of digital assets on Bitcoin. So far in 2023, the Ordinals platform has taken off in a big way and is about to top 1 million.

Magic Eden announced that they would be debuting their Bitcoin launch pad on Friday 7th. April. Although the company has the infrastructure for creators to list and sell their Ordinals, the launch pad is an attempt to seamlessly integrate creators into the ecosystem and thus easily facilitate the creation of tokens on the Bitcoin network.

Also, minting an Ordinals NFT on the Bitcoin network is much different than minting a digital asset on Ethereum. This is a big barrier to entry, especially for creators unfamiliar with the intricacies of inscriptions and taproot. Thus, Magic Eden has found a way to facilitate this process, while also growing the market for Ordinals collectors.

Zhuoxun Yin, COO and co-founder of Magic Eden said that helping creators create Ordinals would help grow a larger market of tokenized assets on Bitcoin. Yin added:

“Bitcoin is the granddaddy of all blockchains, and we believe it can be the home of pure digital artifacts. With Ordinals, content can be preserved forever, and we’re proud to help creators and the Ordinals community grow together.”

Additional plans by Magic Eden

To kick off the launch pad, Magic Eden will partner with an Ethereum-based NFT collection Godjira and will release the Bitcoin-based Deadjira collection later today. Furthermore, the company got in touch with some of the top creators such as Lazy Lions, Genopets, Humanoids and rapper Lil Durk to create Bitcoin inscriptions on the new platform within the next week.

Excitement around Ordinals is growing rapidly with Magic Eden launching its Bitcoin NFT marketplace last month. This also makes it possible for collectors to buy Ordinals on the secondary market. Speaking about the development, Tiffany Huang, Head of Marketing at Magic Eden, said:

“We are on the ground level listening to what is needed from all these subsets of the Ordinals community and we will look to fulfill those needs. We believe the involvement of our expertise and resources is much needed to continue the growth of Ordinals and encourage a thriving ecosystem.”

Apart from the Bitcoin network, Magic Eden is also making efforts to expand its offering to other blockchain platforms.

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