Magic Eden Announces BRC-20 Integration
Starting at 8:00 pm ET, users can collect BRC-20 projects while creators can launch BRC-20 drops directly on the platform....
- Magic Eden will incorporate BRC-20 token functionality on its open-source secondary marketplace and creator launchpad.
- The update will allow users to collect BRC-20 projects directly and creators to release their own BRC-20 drops for minting directly on the platform itself.
- BRC-20 tokens enable the minting and transferring of fungible tokens with the Ordinals protocol on the Bitcoin blockchain, similar to ERC-20 tokens on the Ethereum blockchain.
- Magic Eden's incorporation of BRC-20 could significantly expand the token's reach and accessibility.
- Bitcoin Ordinals has continued to grow exponentially, resulting in over 13 million Ordinals Inscriptions being minted on the blockchain and projects from a range of blockchain ecosystems creating Ordinals collections.
The article has a positive sentiment as it discusses the expansion of Magic Eden's platform and the potential benefits of incorporating BRC-20 tokens.