### In a groundbreaking development, traders in the world of non-fungible tokens (NFTs) can now convert their Ethereum-based assets into non-fungible tokens based on the Bitcoin network. This revolutionary transformation is made possible by the newly introduced BRC-721E standard, which allows the seamless conversion of ERC-721 NFTs into Ordinals.

To kick off the migration process, an ETH call function is used to "burn" the ERC-721 NFT. This approach acts as an on-chain inscription mechanism that cannot be undone. Bitcoin users who have signed genuine BRC-721E data are entitled to the ETH burn. As soon as the bridging process is complete, the NFT will be accessible via a page in the Ordinals market collection that will feature it alongside detailed meta-information.



Remarkably, the growth of this innovative technology is particularly notable considering that the Ordinal protocol only emerged in January. Since its inception, NFT marketplaces have progressively added support for Bitcoin NFTs. For instance, Binance NFT recently joined the trend earlier this month, enabling the trade of Bitcoin-based NFTs. Additionally, Magic Eden launched an Ordinals marketplace in March, providing developers with an easier pathway to participate in the expanding Bitcoin NFT ecosystem.



The introduction of the BRC-721E standard marks a significant milestone, bridging the gap between Ethereum and Bitcoin networks. Traders and collectors alike can now explore new opportunities by tapping into the diverse ecosystems of both blockchains, broadening the possibilities for NFTs as a whole.

In a groundbreaking development, traders in the world of non-fungible tokens (NFTs) can now convert their Ethereum-based assets into non-fungible tokens based on the Bitcoin network. This revolutionary transformation is made possible by the newly introduced BRC-721E standard, which allows the seamless conversion of ERC-721 NFTs into Ordinals.

Mon Jul 03 2023

Seamless Integration: Bitcoin Ordinals' BRC-721E Connects Ethereum NFTs To Bitcoin's Blockchain

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Mon Jul 03 2023 Seamless Integration: Bitcoin Ordinals' BRC-721E Connects Ethereum NFTs To Bitcoin's Blockchain

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Prototype Global Cryptoasset Mapping System Developed

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Mon Jul 03 2023

Seamless Integration: Bitcoin Ordinals' BRC-721E Connects Ethereum NFTs To Bitcoin's Blockchain